Status Quo and Development of Taiwan’s Machine Tool Industry from the Perspective of Machine Tool Export Models and Major Exporting Countries

Jui-Lung Chen

International Journal of Business and Management, 2021, vol. 13, issue 10, 173

Abstract: The machine tool industry is comprised of high-tech production and processing equipment that combines various software and hardware functions such as machinery, motor, optoelectronics, new materials and automatic control. The demands for machine tools has been continuously developed and expanded, from the early mold and home appliance industries to today’s automotive, aerospace and 3C industries. Furthermore, it has gradually extended to emerging industries such as biomedical, green energy and space, indicating that the machine tool industry plays an important role in overall national industries. Taiwan’s Machine Tool Industry is world-renowned and enjoys a complete vertical division of labor. Based on the production and sales statistics in 2016 and 2017 issued by Taiwan Machine Tool & Accessory Builders’ Association (2018), this study conducts comparison, analysis and exploration on the machine tool export model and major exporting countries, output conclusions and offer relevant recommendations on policy formulation and management that are proposed for the government and industry respectively.

Date: 2021
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