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News Release from: Metalworking Insiders Report | Subject: 2005 World Machine-Tool Output and Consumption
Edited by the Manufacturingtalk Editorial
Team on 17 February 2006
World machine tool 2005 output rose 14%
The 28 countries covered in a survey of the World's machine tool industry in 2005 reports an increase in output of 14% to $51.8 billion, with China as the largest consumer..
'The 2005 World Machine-Tool Output and Consumption Survey' published in February 2006 by the newsletter 'Metalworking Insiders' Report' reports that 28 countries produced machine tools worth $51.8 billion - up 14% over 2004 The three top leading machine tool producers are Japan ($13,258.6 million - up 25%), Germany ($9,508 million - up 6%) and China ($5,000 million - up 23%)
This article was originally published on Manufacturingtalk on 22 Jul 2008 at 8.00am (UK)
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China has pushed Italy into fourth place.
The three top exporters are Japan ($6,457.2 million - 49% of production), Germany ($ 6,214.8 million - 65% of production) and Italy ($2,809.1 million - 58% of production) The three top consumer countries are China ($10,900 million - 61% imported), Japan ($7,527.8 million - 10% imported) and the USA ($5,822.6 million - 65% imported).
China, says the Survey, now consumes one-fifth of the world's machine tool production.
* About Metalworking Insiders' Report - Metalworking Insiders' Report is published by Gardner Publications, Cincinnati, Ohio, USA and edited by Joe Jablonowski.
Obtainable on a subscription basis, 17 issues are published each year.
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