The manufacturing industry occupies an important position in the British economy. Although the UK has declined in industrial scale, it still has some of the world’s top companies in steel, pharmaceuticals, biological breeding, aerospace, machinery, microelectronics, military, and environmental sciences, etc. All aspects are among the best in the world.

There are many reasons for manufacturers to move their offshore or near-shore production bases to Mexico. The advantage of cheap labor is one of the most prominent.

The United States, the European Union, and China are the world’s three largest economies, which together are estimated to account for 60.92% of the global economy in 2021.

The goal of Making Indonesia 4.0 is to achieve Indonesia’s entry into the top ten economies in the world by 2030. The roadmap of Indonesia’s Industry 4.0 is the key to enhancing the overall competitiveness of Indonesia’s industry in the future digital era, guiding the implementation of Indonesia’s national strategy, and where the interests are at stake. Cooperation and coordinated implementation between various industries aim to promote inclusive national growth and sustainable community welfare.

Geographically, Turkey is a natural land bridge located on the east-west axis and the north-south axis. It connects European, Middle Eastern, African, and Central Asian markets, giving it great geographical and economic advantages. Holding this key global position, its central location creates an efficient and cost-effective export hinterland and market for major trading partners.

In 2020, the global machine tool market was worth 111.36 billion U.S. dollars. Affected by the COVID-19 epidemic and the Sino-US trade war, China’s import and export value of machine tools declined by 17.7% and 11.5% respectively in 2020 compared to 2019. However, it is still the world’s largest machine tool market, accounting for approximately 35% of the world’s total.

In the face of the epidemic, material shortages, lack of manpower, port congestion, and soaring shipping costs, market demand and the structure of the global supply chain has changed.

Germany is the second-largest producer of machine tools in the world, after China. Advanced German machine tool technology has led the development of the machine tool market.

Life is full of inventions that provide convenient services and entertainment: mobile phones, MRTs, notebooks, computers, cars, etc. These exquisite finished products presented to consumers are all processed by a series of complex processes and assembled. Among them, in the industrial process of the product, the machine tool has a very critical position, without it, it is impossible to produce equipment and parts, so it has won the title of "The Mother of Machinery". However, despite its important role, it is little known. Therefore, in this article, we will expose the state of the machine tool industry, understand its contribution to the manufacturing industry, and extend the visible development in the future.

The U.S. machine tool industry is the industry that has been hit the most by this wave of epidemics, including smart machinery and Industry 4.0, which are still the unchanged development trends for machine tool manufacturers in the future.

The Southeast Asian Manufacturing Alliance, initiated by Singapore, is mainly characterized by orderly and divided industrial zone planning. Singapore is a market entry hub and a high-tech development center.

Different types of milling cutters can be used to cut large amounts of material and leave poor surface smoothness (roughing) or to remove smaller amounts of material but leave good surface smoothness (finishing).