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The report shows that among the end users of machine tool consumption in the world, the automobile manufacturing industry accounts for the largest proportion, accounting for 42.78% in 2007. At the same time, the industry with the fastest growth in machine tool consumption is the electronic/electrical machinery and equipment processing industry. The comprehensive annual growth rate during the period 2001-2010 is expected to be close to 9%.
According to a report released by Global Industry Analysts, Inc., “Global Machines: Global Strategic Business Reportâ€, the world machine tool market is expected to maintain a consolidated annual growth rate (CAGR) of 7.20% during the period 2001-2010. , And by 2010 its market size will exceed 68.8 billion U.S. dollars. In the global machine tool market, the largest share of the metal-cutting machine tool sub-sector is estimated at 58.53% in 2007; the sub-sector is expected to have the fastest annual growth rate during the period 2001-2010, reaching 7.60%.
January 01, 2023