Germany is the second-largest producer of machine tools in the world, after China. From the advanced German machine tool technology, to explore the development of the machine tool market.
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.
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.
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.
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.
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.
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 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.
In the face of rapid changes in the international situation, seeking to expand exports and increase the added value of exports, we must also consider how to build a stronger industrial chain through industrial structure adjustment and international market layout strategies to improve the overall industry’s ability to withstand external shocks.
In recent years, the Russian government has fully supported the development of the machine tool and automobile industry and has continued to try to get rid of the impact of continued Western economic sanctions and the decline in international crude oil prices. Therefore, the Russian government is actively promoting various "import substitution" and "production line modernization" policies.
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The trade war and the epidemic have impacted the global economy. No country can stay aside. As the world's top three exporters of machine tools, Japan is also facing the dilemma of a simultaneous decline in export and domestic demand! Although the orders from China in June ended Japan’s 27 consecutive months of negative growth over the same period, the machine tool industry’s demand for face-to-face with customers and delivery of machine installations has stagnated because the restrictions on movement have not been lifted, and the original production plan in the case of delay or contraction, all localities remain cautious about investment. Facing the impact of the epidemic, Japan’s Ministry of Economy, Trade, and Industry have also offered relief measures for manufacturers, including rent, working capital, preferential loans, and trade insurance, to avoid large-scale corporate failures in the country, and encourage Japanese companies to increase capital investment. Maintain the momentum of economic growth.
South Korea is the world's sixth-largest machine tool producer and the world's fifth-largest machine tool consumer, with an average consumption of approximately US$4.33 billion. Among them, nearly 70% of the consumer market's demand is for products provided by local machine tool factories, and only close to 30% of the products must be imported from abroad.
Italy has a solid industrial foundation and is the second-largest producer of machine tools market in Europe.
Central and Eastern European countries are emerging markets. Among them, Poland, which is located in the transportation hub of Western and Eastern Europe, has the most potential for the development of the manufacturing market.
The US-China trade war has hit the global market. Since the start of the trade war, the US has imposed tariffs on China in three waves, which has also brought out the benefits of transfer orders. Among them, Mexico has benefited the most. The proximity to the United States, tariff-free exports, and cheap labor are opportunities that companies have seen in Mexico in the past. But in the future, the US-Mexico-Canada trade treaty may weaken Mexico's cost advantage.
In recent years, Turkey has become a highly anticipated newly industrialized country with its brilliant GDP growth rate. It has also become Taiwan's third-largest export market for machine tools for many years.
Most of today's machine tool companies are from Germany. As the world's most developed machine tool technology country, the German government has always attached importance to the important strategic position of the machine tool industry, and both basic scientific research and applied technology research.
In recent years, the manufacturing industry has been actively strengthening manufacturing technology, investing in high-end manufacturing equipment, and training professional talents.
Looking back at the continuous fluctuations in the global manufacturing industry in 2019, the supply chain is in uncertainty, and the overall output value of Taiwan's machine tool components in 2019 will be affected.