Join Our Newsletter

Events Calendar

« < March 2017 > »
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1
Home arrow Market Research Findings arrow Industrial arrow Machine Tools Forging Ahead In Central & Eastern Europe
Machine Tools Forging Ahead In Central & Eastern Europe PDF Print E-mail
Written by IMS Research   
21 Mar 2007

Machine Tools Forging Ahead In Central & Eastern Europe 
IMS Research forecasts that the EMEA market for machine tool equipment will steadily increase to over 18.9 billion Euros by 2011, growing at around 4.5% 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%.

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 labour 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 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, this is offering greater flexibility and improved process control.”

< Prev   Next >


How important is market research to start-ups in the current economic climate?

RSS Feeds

Subscribe Now