MTA Predicts machine tool market growth in 2010
Published : December 03, 2009
The MTA's latest industry forecast for the machine tool sector predicts that UK orders will start to pick up in 2010 - welcome news for manufacturing technology companies across the UK. The UK market is forecast to match the wider economy’s steady recovery as we move into 2010. That’s a more positive picture than can be painted of some other countries with global demand for machine tools tipped to trail the global recovery, mostly due to the historic highs in consumption we saw in 2007/8.
There is solace too in the UK market figures and survey data, which present a more optimistic prospect. In the words of MTA President Bob Hunt “We are on the way back. The panic has subsided. Confidence is returning and the second half of ’09 was much better than the first.”
Such optimism bodes well for MACH. Recent manufacturing sector surveys show an upswing in investment intentions and the wider forecast for the UK predicts growth for the vehicles and metals sectors, which could see a fairly strong recovery in 2010. That leaves MACH 2010 (which takes place from 7-11 June) well placed with the show's, mainly UK based, visitors likely to be seeing the green shoots of recovery
The forecasts were presented at the annual MTA Forecast Seminar. The event last week at Duxford Imperial War Museum attracted a full capacity turnout.
The full annual forecast is available to members of the MTA, for more information on membership visit www.mta.org.uk.
