IEKView:Three Steps to Sustaining the Competitiveness of Taiwan’s Machine Tools

Category:
IEKView
Domain:
Machine Tools, Industrial Equipment, including Key Components
Author:
Date:
2022/09/28
Pages:

Report Outlook

The machine tool industry has bounced back from the pandemic. As the economies restarted in different countries, the booming demand from the private sector has accelerated manufacturing production and investment. This has been beneficial to Taiwan’s machine tool industry. IEK Consulting forecasts the production value of Taiwan’s machine tool industry to be NT$138.74 billion in 2022, up 6.0% from 2021. That said, the top priority for the industry now is to build the resilience to ensure operational continuity to enable it to serve as the trustworthy partner to its customers amid further waves of COVID-19 infections around the world...

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