New Year’s Event#1 – Japan Machine Tool Market Outlook 2023

February 1, 2023

News Digest Publishing, which operates SEISANZAI Japan, held a New Year’s event on January 12, 2023, at the Nagoya Congress Center in Nagoya, Japan. 686 people from the machine tool industry attended the event. The editorial team of SEISANZAI Japan covers the event in three parts.

At the event, Mr. Shu Yasumi, Editor-in-Chief of SEISANZAI Japan, gave his outlook for the machine tool industry in 2023. He stated that the total orders received this year will be 1.5 trillion yen, down 15.7% year-on-year, and that “the economic environment will worsen, but the actual demand will remain firm”. Dr. Yoshiharu Inaba, Chairman of the Japan Machine Tool Builders’ Association (JMTBA), presented the JMTBA’s forecast of 1.6 trillion yen. He stated that “although demand will decline from the previous year, it will still be the fourth-highest level in history.

The details of these forecasts will be covered in a separate article at a later date.