Bric's Region leading recovery for Machine Tools

The global economic crisis effected most Industry’s between 2008 and 2009 the machine tool industry suffered due to a slowdown in global production. As capital expenditure grew in key industries in 2010 the machine Tool Industry bounced  to recapture the ground it lost during the slowdown and the Bric region was a key driver of this growth.

The Industry's which are particularly showing strong demand for machine tools in the Bric region are Automobile, Aerospace, Electronics, Energy,  Process Mining and Oil and Gas all of these Industry’s are strong in the Bric Partner countries of Brazil, Russia, India and China.

As the Bric economy’s grow there is a strong demand for durable goods such as Electronics, Computers, Automobiles and Construction equipment then the demand for Machine Tools follows as demands means supply , Manufacturer and therefore demand in the machine tools  to Manufacturer the products or machine tools to manufacturer the machines to produce the durable goods needed in the rapidly developing Bric region.

In 2017 the Global Machine Tool business is expected to be worth over US$ 160 billion which is largely expected to be driven by high demand from the Bric region. Greater spending on Infrastructure in the Bric countries will be one of the main drivers for this. With the growing wealth of the population of Brazil, Russia, India and China then they will have increased spending power to buy more durable goods which will feed through to the Machine Tool demand in the Bric region. The Oil and Gas Industry’s in Russia and Brazil are very strong which will also drive demand for machine Tools as well as many other industry’s across the Bric region.  

With overall confidence in Business, increasing production output and increasing wealth of the population of the Bric Partner these are all key factors which make the Bric region the most attractive and important market for any company involved in the Machine Tool Industry.