Aerospace Industry is Growing

According to our parent company’s senior economist, Michael Guckes, the global aviation market represents a significant source of future growth for the machine tool market. “It will be important for machine tool firms to build international relationships that will allow them to capture market share and growth in those regions of the world that are experiencing double-digit demand for air transportation. If aircraft manufacturers such as Boeing, Airbus and others are going to run their facilities at ever higher levels of capacity for the next five or more years, it will be important for their component suppliers to have strong operational and logistical capabilities to support these demanding aircraft delivery schedules.”

He says machine tool providers will also need to be prepared to meet the growing and highly demanding needs of their customers at all levels of the aerospace manufacturing supply chain—having new equipment ready for sale and to be able to quickly support existing equipment maintenance and repair needs.

To read Michael’s entire commentary, visit “High Demand Creates Growth in Aerospace Industry.”