Search results for: machine tool market

The machinery sector in Turkiye, including the machine tool segment, continues to be one of the main drivers of the local economy. According to VDW, Turkey`s machine tool market today is among the top 10 in the world

Having strong traditions in the manufacture and trade of metalworking machines, Bulgaria and Turkey today are facing the challenge to restore the stability of their domestic machine tool markets and develop new strategies for the foreign ones in order to return to their pre-pandemic economic sustainability. The first positive results of the targeted efforts of the industry are already visible

A recently published report on the European machine tool sector, conducted and published by CECIMO, defines the sector as an industry having high potential to benefit from circular economy practices and approaches