International Metalworking News for Asia

As we move towards the end of the calendar year, our thoughts turn to the holiday season, gifts to give and maybe receive, end-of-year shutdowns or breaks, budgets for next year and even outlooks. The way technologies move from one trend to another; it is always a good idea to know what's going on in other countries in Asia where metalworking is concerned.

International Metalworking News for Asia has gathered responses from various companies to give you a glimpse into what's happening in a wide variety of markets including hot products and target areas for the coming year.

The good news is that many believe the industry is poised for big growth. Asia's economic upsurge will have a big impact. Following the major declines during the recession years, global machine tools consumption in 2011 will increase by 20%, and three fifth of the sale will be in Asia, according to international economists.

Although the industrial machinery and equipment market will continue to account for the largest share of demand, electronic equipment markets hold the best prospects for machine tool demand through 2014. Gains in this sector will benefit from increasing per capita incomes in developing countries that will allow people to purchase electronic products. The main reason to be more optimistic is that domestic demand (consumer spending and investment) is likely to remain strong and governments have more flexibility.

And as Dr. Nicola Leibinger- Kammüller, President and Chairwoman of the Managing Board of TRUMPF say, "No-one can say today how the global economy will develop in the coming weeks and months. High-growth markets will continue to exist in the future."