Machine tool market in China is to grow 9.2% yearly through 2017
(PRWEB) February 10, 2014
iAbrasive, known as a professional online market place for abrasives and abrasive products, indicates that demand for machine tools in China is forecast to increase 9.2 percent per year to ¥600 billion in 2017. (data published on http://www.freedoniagroup.com/industry-study/3090/machine-tools-in-china.htm).
As is showed in the survey that gains will be stimulated by healthy growth in manufacturing production, especially in the industrial machinery and transportation equipment industries. Benefiting from sizable expansions in the domestic market as well as rising demand for Chinese machine tools in a number of export markets, machine tool shipments in China are projected to slightly outpace demand through 2017.
Metal cutting machine tools will continue to be the largest product segment in 2017, benefiting from their relatively wider range of applications in durable goods production and a comparatively greater variety of metal cutting product types. The industrial machinery and transportation equipment markets have the largest impact on overall machine tool sales, as they accounted for well over half of all demand in 2012. Gains in these two markets are forecast to be near the market average through 2017.
Established specifically for abrasives industry involving the online purchase of abrasives, abrasive products and diamond tools, iAbrasive offers a communication and information platform (B2B) for both domestic suppliers and overseas purchasers. iAbrasive eliminates the geographic limitations with technology and professionalism. Users can also inform themselves of in-depth and comprehensive information on the latest developments, trends, services and products from different areas.
By following this link: http://www.iabrasive.com to have a better understanding of iAbrasive.com.