Japan's machine tool market conditions show a decline

According to overseas news media reports, the machine tool statistics published by the Japan Machine Tool Industry Association show that the poor market conditions in Japan and overseas markets led to a substantial reduction in demand. The amount of orders received last year was 757.07 billion yen, 23.5% less than in 1998, showing continuous Two years of recession, but this year is expected to achieve 10%-15% growth driven by strong demand from industries such as information and communications.

According to statistics, in 1999, the amount of orders received by the Japanese domestic market was 362.145 billion yen, which accounted for 47.8% of the total order amount, which was 20.8% lower than that of 1998. In foreign markets, the order amount was 394.925 billion yen, accounting for 52.2%. Overall, the overall performance of Japanese machine tools last year was approximately 23.5% lower than the previous year.

Experts said that there are two reasons for the significant reduction in orders for Japanese machine tools: first, the automotive industry of the largest user of machine tools in Japan last year, and the continuous decline in equipment investment hospitals, resulting in a substantial reduction in the amount of domestic orders in Japan; secondly, although Asia has already Overcoming the financial crisis, the demand for machine tools quickly recovered. However, due to the suppression of equipment investment in Europe and the United States, the amount of orders received by foreign markets also showed negative growth.

Japanese machinery-related industry sources predict that the amount of orders received this year will reach 850 billion yen, an increase of 10%-15% over the previous year. Among them, the domestic market is 400 billion yen, and the foreign market is 450 billion yen. The main reason is that in addition to the continuous increase in orders for semiconductors and information and communications industries that are currently booming, the gradual increase in equipment investment in the automotive industry is also an important reason.