/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled.
/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled.
The Taipei International Machine Tool Show and the Taiwan International Machine Tool Show, which are being held together for the first time, open today virtually and in-person at the Taipei Nangang Exhibition Center’s Halls 1 and 2.
More than 1,000 overseas buyers from 62 countries have registered to participate in the trade show, which is expected to be the largest since the emergence of COVID-19, the organizers said in a statement on Saturday.
“A total of 950 exhibitors in 5,100 booths will have a presence at Taiwan’s first cobranded machine tool mega show,” the statement said.
The in-person trade show is open
The production value of the nation’s machine tool industry is forecast to grow by 20 percent to 30 percent on an annual basis next year, as local firms have better order visibility into the second quarter of next year, Taiwan Machine Tool and Accessory Builders’ Association (台灣工具機暨零組件公會) chairman Habor Hsu (許文憲) said yesterday.
With a noticeable uptick in demand from the US and Europe this quarter, a production value increase of up to 30 percent is achievable next year, Hsu said.
Increased demand from the two markets would make up for softness in Chinese demand, he said.
However, high commodity prices