TMTS 2024 and Machine Tool Annual Outlook
TMTS 2024 and the machine tool annual outlook press conference in Taiwan
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SPECIAL 2024 T+T TECHNIKA A TRH
Global Market Estimates
According to TMBA, the economic
performance of some countries and
industrial markets is expected to be
excellent in 2024, but it is estimated that
more than 70 countries in the world will
hold national elections this year. In addition,
geopolitical interference, the Russian-
Ukrainian war, which has yet to be resolved,
and the green carbon reduction policies
of various countries may have various
degrees of impact on domestic exports
of machine tools and accessory builders,
and it is necessary to pay attention to the
development of the future.
As regards the forecast of Taiwan's main
export markets for machine tools in 2024,
the rising inflation and interest rates in
2023 will make U.S. consumption tighten
and investment in equipment assets
become more conservative, coupled with
the U.S. presidential election to be held
this year, which is slightly more variable.
In the European market, despite slowing
inflation and economic recovery, the
energy crisis has not been resolved and
the European Union's Carbon Border
Adjustment Mechanism (CBAM) has
TMTS 2024 & Machine Tool
Annual Outlook Press Conference
The Taiwan Machine Tool and Accessory Builder's Association (TMBA) held the
"TMTS 2024 & Machine Tool Annual Outlook Press Conference" on 23rd January
for the "Taiwan International Machine Tool Show" (TMTS, Taiwan Machine Tool
Show) to be held in March this year, on the one hand, to conduct pre-show
publicity and, at the same time, to announce the annual production and sales
status of the machine tool industry and the outlook for the year 2024.
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