Global demand for toolholders, specifically arising from the automotive and defense and aerospace industries, will witness a relatively steady growth between 2018 and 2028, as predicted by a research intelligence report. While the demand for toolholders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high performance cutting tools, considering the robust manufacturing and industrial output in the region.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2019-08-21
CTE source: https://ctemag.com/news/asia-pacific-emerge-largest-market-toolholders-2019/
Legacy path: /asia-pacific-emerge-largest-market-toolholders-2019