Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Machine Tools Forging Ahead in Europe
Mar 12, 2007
 Printable format
 Email this Article
 Search

IMS Research forecasts that the EMEA market for machine tool equipment will steadily increase to over 18.9 billion euros (approx. U.S. $24.9 billion) by 2011, growing at around 4.5 percent per year. However, developing regions such as Central & Eastern Europe and the Russian Federation are expected to register the strongest growth, with annual rates of around 10 percent.

Senior analyst and report author, Don Tait commented, “The extension of EU membership by 10 countries in May 2004 and a further two in January 2007 is having a positive impact on the economic activity in the new entrants, and on their machine tool needs in particular. Rapid development within these regions has been helped by an increasing trend by machine manufacturers to set up manufacturing facilities in Central & Eastern Europe. This is to take advantage of the lower labor costs within this region, compared to Western Europe and in specific locations of good technical education and strong engineering traditions. “

Tait continues, “The use of faster and more automated machine tool equipment within the industry can only be expected to rise, to improve capital efficiency and reduce labor 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, this is offering greater flexibility and improved process control.”
 

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows