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Developing countries expanded manufacturing base will boost

GIA international industry analyst firm released a report that developing countries are expanding manufacturing base this will boost demand for machine tools .It is expected in 2018 the global machine tool market will reach $ 154 billion.
Developed countries will usher in a wave of replacement demand, aging infrastructure equipment and machine tools production base upgrades require large-scale modernization of the next few years the machine tool industry facing greater opportunities for development.
There is a comprehensive analysis of machine tool market Report on United States, Canada, Japan, Europe, Asia, Middle East and Africa and Latin America, , analysts pointed out that Asia-Pacific is the world's fastest growing market, the region's growth was driven by healthy economic growth and infrastructure pull facilities, especially China, China Taiwan, South Korea, Thailand, Malaysia and India, the fastest growing. With the rapid development of the industrial sector, China's demand for new machines is very large.
In time of increasing international competition, China's CNC machine tool demand has remained strong in the state. Since 2000, in the huge market demand, domestic CNC machine get an average annual growth rate of 30%, starting in 2003, China become the world's largest machine tool consumer for seven consecutive years , it  is currently the world's largest CNC machine tool imports country. At present, China is in the peak of replacement equipment and industrial upgrading of the critical period, especially for high-end CNC machine tools CNC machine needs to remain above 30% of the high level of growth, this growth rate is expected to remain for 35 years.
 

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