The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
Major Asian countries are all specializing in a particular segment of machinery production. In China construction machinery dominates and is expected to reach over 42% of overall machinery production value by 2017. The industry will be driven by growing domestic construction. In Japan robots, semiconductor and materials machinery will hold strong positions with over 45% of output attributed for this segment in 2017. In the meantime, modernization of Indian agriculture facilitates growing demand for agricultural machinery. Finally, metallurgy machinery will account for almost a half of machinery production in Indonesia by 2017.