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News Release from: IMS Research
Edited by the Manufacturingtalk Editorial
Team on 11 September 2007
EMEA machine tool sales to grow at
4.5%/year
Market research report suggests that EMEA machine tools and equipment sales will grow steadily at 4.5%/year, with the medical sector showing the stongest demand.
IMS Research forecasts that EMEA sales of machine tool equipment will steadily increase to over EUR 18.9 billion by 2011 Growth rate will be at around 4.5%/year
This article was originally published on Manufacturingtalk on 31 Jan 2003 at 8.00am (UK)
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However, the medical end-user sector is expected to register the strongest growth, some 7.6%/year.
Senior analyst and report author, Don Tait commented about the medical sector, "This sector is the third largest market for the machine tool industry defined in this report, and was estimated to be worth EUR 1.3 billion in EMEA in 2005, or 8.6% of the total market.
The medical equipment sector is predicted to continue to experience healthy growth rates of between 7% and 10% per year, depending on the equipment type.
This strong growth is projected to continue over the next five years, and reflects the increasing demand for high-precision, machined medical products.
The market for medical equipment will drive growth in the demand for electrical discharge machine tools.
Such machine tools are increasingly being used in the production of prosthetics such as hip replacements and artificial human parts".
Tait continued, "The use of faster, more accurate and more automated machine tool equipment in the industry can only be expected to rise, to improve capital efficiency and reduce labour costs.
Technical innovation is enticing producers to replace obsolete mechanical solutions with more versatile handling through robotics and more extensive use of PLCs, servos and machine vision.
Apart from higher output, these offer greater flexibility and improved process control".
* About IMS Research - IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets.
The company is supported by headquarters in Wellingborough, UK and offices in Austin, Texas, USA and Shanghai, China.
IMS Research regularly publishes detailed research on automation areas such as PLCs, operator interfaces (HMIs), factory communications including both fieldbus and industrial Ethernet, machine vision systems and hazardous equipment markets, among others.
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