The 2010 World Machine Tool Production and Consumption Survey shows that the global metalworking machine tool industry has generally gone out of recession. In the past two years, the growth of world machine tool production has been fluctuating. In 2009, the output value of 28 major machine tool producing countries and regions fell by 32%. In 2010, due to the gradual recovery of the major machine tool producing countries and regions, the global machine tool manufacturing output value reached US$66.3 billion, a year-on-year increase of 21%. The "World Machine Tool Production and Consumption Survey" covers 28 countries and regions with machine tool manufacturing industry and data statistics. The machine tools produced cover 95% of the world's total output value and consume most of the machine tool products. According to the statistics of the China Machine Tool Industry Association, in 2010, China, Japan, and Germany ranked among the top three global machine tool manufacturers. The Japanese machine tool industry rebounded after a severe recession in 2009 and returned to the position of the second largest producer of machine tools. The output value of the German machine tool manufacturing industry continued to decline in 2010, but still ranked third. The output value of the US machine tool manufacturing industry has also continued to decline, and has fallen to the eighth place in the world, after Italy, South Korea, Switzerland and other countries. Ten years ago, the United States was once the world's largest consumer of machine tools, and its consumption was much higher than that of Germany at the time. However, after that, US machine tool consumption declined year by year. In 2010, it consumed 2.75 billion US dollars, down 15% year-on-year. In terms of machine tool exports, Japan, Germany, and Italy ranked among the top three in 2010, and their machine tool exports accounted for about 66% of production. In 2010, the top five global machine tool consumption rankings were China, Germany, Japan, South Korea and Italy. Among them, South Korea and Japan both achieved double-digit growth year-on-year. The per capita consumption of machine tool products varies greatly, and Switzerland is still the country with the largest per capita consumption of metal processing machines. China has been the world's largest machine tool consumer and importer for many years. According to the statistics of the China Machine Tool Industry Association, in terms of the amount, nearly 5 units of every 10 machine tools in the world are in China. With the booming manufacturing industry in China, the demand for production equipment has soared. In 2002, China became the world's largest consumer of machine tools and has remained so far. China imported a large number of machine tools. From 2002 to 2005, imported machine tools accounted for an average of 62% of China's machine tool consumption. From 2006 to 2010, Chinese domestic machine tool enterprises and some foreign-funded machine tool enterprises gradually expanded their market share in China. In 2009, China became the world's largest producer of machine tools. In 2010, China's machine tool manufacturing industry maintained rapid growth, accounting for 35% of the global total output value; China's machine tool consumption increased by 43% in the same year, accounting for 48% of the total consumption of 28 major machine tool producing countries and regions. In 2010, China's machine tool exports increased by 31%, with exports reaching US$1.85 billion, ranking sixth in the world. However, China's machine tool exports account for only 9% of its total output value, indicating that China's domestic market demand is quite strong.
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