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Global machine tool market will reach to 530 billion in 2015

Global industry analyst firm (GlobalIndustryAnalystsInc.) recently released a report entitled "Machine: A Global Strategic Business Report" research shows that the world machine tool industry is in the first phase of a rebound is expected that by 2015 the global machine tool market will reach a total market capitalization 530 billion yuan. The report analyzes global machine tool market trends, drivers, product overview, competitive, innovative products, and recent industry developments.
Machine tool market is much sensitive to global economic and finance. The rise and fall of economy affect the demand of market, capacity utilization. Machine tool producer also get the influence of industrial part market such as auto industry, real estate, manufacture.
With the drawing to close of economic recession, machine tool market begin to recovery lead analyst Mr Luo says that owning to the extensive field of us , machine tool will get recovery in aerospace ,auto, mould marking ,machining, wind power ,mining, oil exploration, and other field.
Although Europe and Asia-pacific take part in much market of machine tool market, China and India will drive the recovery of global machine tool market. At present, North America’ machine tool demand express powerful, its output and demand both grow fast. 

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