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Global demand for Machine Tools to increase 6.9% annually to 2014

Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report

May 26, 2011 - PRLog -- According to the report “World Machine Tools: Forecasts for 2014 & 2019 in 19 countries” available at http://www.reportbuyer.com/go/FED00555 world demand for machine tool products encompassing metal cutting machine tools, metal forming machine tools and machine tool accessories is projected to increase a strong 6.9 percent per year through 2014 to $108 billion. However, gains will be rising from a depressed 2009, when a large part of the global economy underwent recession. The best prospects will continue to be found in the developing regions, especially in China and India. Growth in North America will post respectable gains, but only because 2009 was such a bad year for the dominant US market. Japan and Western Europe will continue to see gains that considerably lag the global average.

Although the industrial machinery and equipment market will continue to account for the largest share of demand, electronic equipment markets hold the best prospects for machine tool demand through 2014. Gains in this sector will benefit from increasing per capita incomes in developing countries that will allow people to purchase electronic products. In developed countries, a significant number of electronic products are now almost considered to be basic necessities.

The report “World Machine Tools: Forecasts for 2014 & 2019 in 19 countries” is available from Report Buyer at:

Reportbuyer Product Code: FED00555

Report Buyer http://www.reportbuyer.com/industry_manufacturing/machine... the online store for global business information. The website now lists more than 200,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.

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Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare.

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