Market Insight

Machinery Production Global Update - Webinar

February 12, 2018

Teik Chuan Goh Teik Chuan Goh Analyst, Manufacturing Technology

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In this complimentary webinar, we discussed the key findings from the Q3 update and the outlook for machinery production globally.  

Key findings in Q3:

  • Since 2016, the world has entered into a time of greater political uncertainty and the impact on global economic growth and business performance has been mixed. That being said, there are improvements in machinery production revenues and unit shipments; IHS Markit forecasts improvement across the board in 2017. 
  • Machinery production revenue in Germany, the largest machinery producer in Europe, is forecast to grow by 2.1% in 2017. Germany had a strong second quarter of 2017, as did the United Kingdom, Italy, and France. Fiscal headwinds should subside as the Euro continues to weaken, which will act as a boon to export-oriented machine builders.
  • Overall, momentum in the global economy firmed up in Q4 2016, which continued at the start of 2017.  One driving factor is the rise of commodity prices, especially oil and gas, metals, and crops. Machinery production sales are often closely tied to the performance of the commodities to which they are related. In some sectors, like agriculture, subsidies also play a big role. This has been demonstrated in China where the government heavily subsidizes the agricultural machinery segment. IHS Markit forecasts a CAGR of over 5% from 2016 to 2021

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Research by Market
Manufacturing Technology
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