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.
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
begun to levy a carbon tariff, which has slowed the recovery in consumer demand
for machine tools. China's market is affected by the real estate market bubble,
lack of public consumer confidence and other issues, resulting in sluggish
demand for private investment, which in turn affects the willingness to
purchase equipment. On the other hand, India, Vietnam and Thailand in Southeast
Asia are benefiting from post-pandemic supply chain restructuring, production
relocation and rising domestic manufacturing demand, which has led to a
significant increase in demand for machine tools.
The theme of the TMTS 2024 exhibition is
"Dual Axis Intelligent Manufacturing for a Sustainable Future".
From 27 March to 31 March this year, TMTS
2024 will be held at the Taipei Nangang Exhibition Center, Halls 1 and 2. The
show will run for five days, with more than 600 exhibitors, 3,350 booths and
more than 10 overseas buyers registered for the show, which is expected to
attract 55,000 visitors.
The theme of this year's exhibition is "Dual Axis Intelligent Manufacturing for a Sustainable Future", focusing on the ten elements of the two main axes of Digital Transformation (DX) and Green Transformation (GX), which correspond to the future development trend of the industry. To demonstrate the characteristics of the industry ecosystem, the booth arrangement is based on the solution of the machine tool industry ecosystem as the main axis of the exhibition, and visitors can quickly search for exhibitors' key points through the exhibition app.
In the area of digital transformation, TMBA collaborated with the German Machine Tool Builders' Association (VDW) and the German Machine and Plant Construction (VDMA) to set up Umati special showcase section for the first time at a domestic machine tool exhibition, and more than 20 domestic machine tool and component manufacturers responded to the event by showcasing their intelligent ecosystems across multiple venues.
In the area of green transformation, the
"Green Machine Energy Label Assessment" will encourage exhibitors to
develop energy-saving equipment or energy-saving accessories, and to
demonstrate their green transformation efforts through different levels of
labels. During the exhibition, a series of forums will be held, inviting
experts from Taiwan and abroad to share their views on key issues such as
digital transformation, green transformation and talent cultivation for the
industry, as well as organizing visits by students from domestic universities
and colleges.
