QYR Market Research Global Machine Tools market research | Page 5

QYResearch
In the year from 2009-2012, with the economic recovery from
global financial crisis, the Machine Tools industry have an
explosive growth both in the production and consumption in the
world. But it came to be different in 2013-2015, the global
machine tool market began to go down, especially in China, the
leading players began to loss, some small players closed, some
foreign investors shut their Chinese Plant (e.g. DMG), the Chinese
market goes worse in 2017, labor cost rising, energy cost rising,
orders declining, industrial transformation, etc. makes the machine
tool market to face a serious challenge. The revenue of leading
players goes on dropping out, even bankruptcy arrives (e.g. DMTG).
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