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.
Taiwanese machine tool manufacturers are aggressively entering Europe, hoping to expand the machine tool market.
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.
There are two very important strategies to help manufacturing equipment create added value, which is worthy of deep thinking by Taiwan machine tool companies.
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%.
Global automakers are out of material and shut down, this year's machine tool exports fear a decline of more than 10%.
In the first quarter of 2020, Taiwan's machinery industry was affected by the outbreak of scheduled epidemics, and machinery export orders fell.
In March 2020, Japan's export and machine tool market decreased compared with the same period last year, and the market performance did not meet expectations.
Machine tools can be said to be the mother of various industries, and countries have different marketing strategies based on their production manpower and resources.
The U.S.-China trade war has been on the rise for more than a year, and both sides have become more and more fierce. The economy has been affected by the recession and the global manufacturing supply chain has also accelerated. Although Taiwan has benefited from this wave of trade wars in the short term, it may still suffer a lot in the long run. Also, the influence of other Asian countries affects the layout of Taiwanese businessmen. In the face of complex situations, we must be prepared to respond.
The China-US trade war has impacted the global economy. Under this volatility, let's take a look at the 2018 machine tool market overview. The major consumer countries of global machine tools are China, the United States, Germany, Japan, Italy, South Korea, India, Mexico, Taiwan, and Russia.
The Indian government vigorously promotes the development of the machine tool market. India is the third largest economy in Asia and has unlimited market demand potential.
Japanese machine tool factory develops next-generation business opportunities, demands for replacement machines and introduces 5G services.
Under the leading policy of "Industry 4.0" in Germany, the manufacturing industry followed the concept of "smart manufacturing", and introduced the digital application of machinery into the factory. Based on the information technology services that belong to the energy economy category, it was imported from cloud software. Optimize the process. This kind of service platform is built on a modular structure that can be flexibly combined and uses AI to assist in providing strategic recommendations to achieve the energy-saving benefits of IoT machines.
With the implementation of the import substitution policy in Russia, the output of machine tools has increased, and the replacement of equipment has become one of the priority projects of Russia's "development strategy for the machine tool industry before 2030", which will inject huge business opportunities for the Russian machine tool industry.
To understand the needs of Russia's manufacturing upgrading at this stage, and point out that international machine tool manufacturers are launching machine tools in the Russian market that are similar to Taiwan machine tool to provide a reference for Taiwan's machine tool industry to lay out the Russian market.
The troubles caused by this COVID-19 not only affected everyone's health and safety, but also caused global economic development due to shutdowns, closures, supply chain breaks, and joint losses.
The world's major exporters of machine tools are concentrated in Asia, the European Union and North America. In 2019, the German machine tool market ranked Germany as the world's largest exporter. In 2019, the export of machine tools was 9.17 billion US dollars.
Affected by the two major economies of the United States and China, global trade trends have subsided, and the Asian economy has also suffered greatly.
In 2019, the global machine tool is facing a severe test, and the market prosperity is not ideal.