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Demand in China to grow 9.2% yearly through 2017
Demand for machine tools in China is forecast to increase 9.2 percent per year to ¥600 billion in 2017. Gains will be stimulated by healthy growth in manufacturing production, especially in the industrial machinery and transportation equipment industries. In addition, a continuing shift in the product mix toward higher-value product types such as machining centers, CNC machine tools, and multitasking machine tools will help drive market advances in value terms. Moreover, increasing regulations regarding energy conservation will lead to growth in demand for energy-efficient machine tools.
Complete report available @ http://www.rnrmarketresearch.com/machine-tools-in-china-to-2017-market-report.html .