Around 1990, the demand for machine tools reached a peak, and the sense of equipment shortage was very serious. However, since the second quarter of 1993, there has been almost a state of excess equipment. Even in the case of some shortcomings in 1997, the surplus of mechanical equipment of domestic users in Japan is still very serious. One of the main reasons for the sluggish domestic production in Japan and the continued overcapacity is the use of equipment plants to transfer production activities abroad. An important reason for moving production sites overseas is the low cost of foreign labor. As a result of the appreciation of the yen, there are many reasons for external pressures such as price competition and trade friction. For the first time, the sales of local corporations in Japanese overseas companies exceeded the total output of Japan. It can be said that Japan's manufacturing industry has entered the era of production in the most suitable place in the world.
Enhancing overseas investment capacity As the main user of the machine tool industry, the automobile manufacturing industry has rapidly shifted its production sites overseas since the second half of the 1980s. Various automobile manufacturers are taking further measures to reduce domestic surplus equipment and increase overseas investment. Toyota and Honda are planning to further expand such businesses in the future; they will continue to actively invest in equipment in Europe. In addition, each company plans to build and expand production sites centering on regions where China and India will popularize automobiles in the future.
Taking into account the above situation of machine tool users, it can be seen that the future demand for machine tools is to continue to move from Japan to overseas. And the maturity level of technology, choose your own market. European machine tool plants and traditional American machine tool plants have market advantages in high-tech machine tools, special-purpose machine tools, and large machine tools. The Japanese machine tool factory is highly competitive in the medium and high-end general-purpose machines in the market of small and medium-sized MC and NC lathes.
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