Global automakers are out of material and shut down, this year's machine tool exports fear a decline of more than 10%.

According to the economic growth data currently released by the US Department of U.S. Bureau of Economic Analysis (BEA), in the third quarter of 2019, US private consumption reached a growth rate of 2.6%. Compared with private consumption, the growth rate of private investment is the lowest since President Trump ’s tenure, only 0.4%.

Are U.S.-China Trade War and COVID-19 influence business opportunities in the United States? The United States is the second-largest consumer of machine tools in the world, the industrial market is still waiting, and global economic demand has not significantly recovered.

Nowadays, the traditional industry combines the technology of the Internet of Things, towards the innovation of Industry 4.0 and the development of intelligent manufacturing.

In response to the impact of the U.S.-China trade war, Taiwanese machine tool makers are actively entering the European and Southeast Asian markets.

The traditional manufacturing industry is facing a time when the smart transformation is needed. Through the introduction of intelligent production technology, new industrial development is started.

According to each exhibition of EMO Hannover, it can be observed that smart production will be the future of the industry, and smart manufacturing will drive the improvement of industrial technology and effectiveness, which will be another turning point for industrial development.