Description
Southeast Asia Machine Tools Industry
A machine tool is a power unit used to machine a workpiece and is an important piece of equipment in the manufacturing process of mechanical parts. Machine tools can generally be used as other tools for forming, cutting and joining. According to CRI’s analysis, Southeast Asian countries generally have the problem of weak basic industries, so machine tool products mainly rely on imports, such as low-end machine tools from Asian countries, high-end machine tools from developed countries. There are a large number of machine tool dealers in the Southeast Asian market, importing machine tool products from abroad and reselling them to local enterprises in Southeast Asia.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
With the development of manufacturing industry in Southeast Asia, there have been gradually foreign enterprises to set up machine tool manufacturing enterprises in Southeast Asia to reduce costs and better occupy the Southeast Asian market, or export to other regions.
Overall, according to CRI forecast, the size of Southeast Asian machine tool industry will maintain growth from 2023-2032. On the one hand, the lower operating costs in Southeast Asian countries attract global machine tool companies to shift production capacity to the region. On the other hand, with the development of manufacturing industry in Southeast Asia, the demand for machine tools in Southeast Asia is also growing.
Topics covered:
- Southeast Asia Machine Tools Industry Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on Southeast Asia Machine Tools Industry?
- Which Companies are the Major Players in Southeast Asia Machine Tools Industry Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in Southeast Asia Machine Tools Industry
- What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Machine Tools Industry during 2023-2032?
- What is the Expected Revenue of Southeast Asia Machine Tools Industry during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in Southeast Asia Machine Tools Industry Market?
- Which Segment of Southeast Asia Machine Tools Industry is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing Southeast Asia Machine Tools Industry?
Table of Contents
1 Singapore Machine Tool Industry Analysis
1.1 Singapore Machine Tool Industry Development Environment
1.1.1 Geography
1.1.2 Population
1.1.3 Economy
1.1.4 Minimum Wage of Singapore Manufacturing Industry
1.2 Singapore Machine Tool Industry Operation 2018-2022
1.2.1 Singapore Machine Tool Production Status
1.2.2 Singapore Machine Tool Sales Status
1.2.3 Singapore Machine Tools Import and Export Status
1.3 Analysis of Major Machine Tool Manufacturers in Singapore
2 Thailand Machine Tool Industry Analysis
2.1 Thailand Machine Tool Industry Development Environment
2.1.1 Geography
2.1.2 Population
2.1.3 Economy
2.1.4 Thailand Manufacturing Minimum Wage
2.2 Thailand Machine Tool Industry Operation Status 2018-2022
2.2.1 Thailand Machine Tool Production Status
2.2.2 Thailand Machine Tool Sales Situation
2.2.3 Thailand Machine Tool Import and Export Status
2.3 Major Machine Tool Manufacturers in Thailand
3 Analysis of Machine Tool Industry in the Philippines
3.1 Development Environment of Machine Tool Industry in the Philippines
3.1.1 Geography
3.1.2 Population
3.1.3 Economy
3.1.4 Minimum Wage in Philippine Manufacturing Industry
3.2 Philippine Machine Tool Industry Operation 2018-2022
3.2.1 Machine Tool Production in the Philippines
3.2.2 Philippines Machine Tool Sales Status
3.2.3 Philippine Machine Tools Import and Export Status
3.3 Major Machine Tool Manufacturers in the Philippines
4 Malaysia Machine Tool Industry Analysis
4.1 Malaysia Machine Tool Industry Development Environment
4.1.1 Geography
4.1.2 Population
4.1.3 Economy
4.1.4 Minimum Wage in Malaysian Manufacturing Industry
4.2 Malaysia Machine Tool Industry Operation Status 2018-2022
4.2.1 Malaysia Machine Tool Production Status
4.2.2 Malaysia Machine Tool Sales Status
4.2.3 Malaysia Machine Tools Import and Export Status
4.3 Major Machine Tool Manufacturers in Malaysia
5 Indonesia Machine Tool Industry Analysis
5.1 Indonesia Machine Tool Industry Development Environment
5.1.1 Geography
5.1.2 Population
5.1.3 Economy
5.1.4 Indonesia Manufacturing Minimum Wage
5.2 Indonesia Machine Tool Industry Operation 2018-2022
5.2.1 Indonesia Machine Tool Production Status
5.2.2 Indonesia Machine Tool Sales Status
5.2.3 Indonesia Machine Tools Import and Export Status
5.3 Major Machine Tool Manufacturers in Indonesia
6 Vietnam Machine Tool Industry Analysis
6.1 Development Environment of Vietnam Machine Tool Industry
6.1.1 Geography
6.1.2 Population
6.1.3 Economy
6.1.4 Minimum Wage of Vietnam Manufacturing Industry
6.2 Operation of Machine Tool Industry in Vietnam 2018-2022
6.2.1 Vietnam Machine Tool Production Status
6.2.2 Vietnam Machine Tool Sales Situation
6.2.3 Vietnam Machine Tool Import and Export Status
6.3 Major Machine Tool Manufacturing Enterprises in Vietnam
7 Myanmar Machine Tool Industry Analysis
7.1 Development Environment of Myanmar Machine Tool Industry
7.1.1 Geography
7.1.2 Population
7.1.3 Economy
7.1.4 Myanmar Manufacturing Minimum Wage
7.2 Myanmar Machine Tool Industry Operation Status 2018-2022
7.2.1 Myanmar Machine Tool Production Status
7.2.2 Myanmar Machine Tool Sales Situation
7.2.3 Myanmar Machine Tools Import and Export Status
7.3 Major Machine Tool Manufacturers in Myanmar
8 Brunei Machine Tool Industry Analysis
8.1 Brunei Machine Tool Industry Development Environment
8.1.1 Geography
8.1.2 Population
8.1.3 Economy
8.1.4 Brunei Manufacturing Minimum Wage
8.2 Brunei Machine Tool Industry Operation 2018-2022
8.2.1 Brunei Machine Tool Production Status
8.2.2 Brunei Machine Tools Sales Status
8.2.3 Brunei Machine Tools Import and Export Status
8.3 Brunei Major Manufacturing Companies
9 Laos Machine Tool Industry Analysis
9.1 Development Environment of Laos Machine Tool Industry
9.1.1 Geography
9.1.2 Population
9.1.3 Economy
9.1.4 Minimum Wage of Manufacturing Industry in Laos
9.2 Lao Machine Tool Industry Operation 2018-2022
9.2.1 Laos Machine Tool Production Status
9.2.2 Laos Machine Tools Sales Status
9.2.3 Laos Machine Tools Import and Export Status
9.3 Major Machine Tool Manufacturers in Laos
10 Cambodia Machine Tool Industry Analysis
10.1 Development Environment of Cambodia Machine Tool Industry
10.1.1 Geography
10.1.2 Population
10.1.3 Economy
10.1.4 Minimum Wage of Manufacturing Industry in Cambodia
10.2 Cambodia Machine Tool Industry Operation Status 2018-2022
10.2.1 Cambodia Machine Tool Production Status
10.2.2 Cambodia Machine Tool Sales Status
10.2.3 Cambodia Machine Tools Import and Export Status
10.3 Major Machine Tool Manufacturers in Cambodia
11 Southeast Asia Machine Tool Industry Outlook 2023-2032
11.1 Southeast Asia Machine Tool Industry Development Influencing Factors Analysis
11.1.1 Favorable Factors
11.1.2 Unfavorable Factors
11.2 Southeast Asia Machine Tool Industry Supply Forecast 2023-2032
11.3 Southeast Asia Machine Tool Manufacturing Market Demand Forecast 2023-2032
11.4 Impact of COVID -19 Epidemic on Machine Tool Industry
Related Report: Multi-Tasking Machine Tools Market Research Report Forecast till 2028
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