Metals and Engineering Vision 2025

Timo Nikinmaa

No 28, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract European metals end engineering industry has managed to keep its position in global competition. Germany has become the leading manufacturer of machines and equipment. Metals and engineering products are used in nearly all industries and businesses, and especially due to emerging economy growth the demand outlook is favourable. New materials, new production methods, like additive manufacturing, and new moving power solutions improve the products’ raw material and energy efficiency. Increasing application of information and communication technology raises the effectiveness of production and products. Thanks to automation and robotics machines can be substituted for human labour in inconvenient and hazardous environments. Industrial internet creates new business opportunities.

Keywords: Metals and engineering; Manufacture of fabricated metal products; Manufacture of machinery and equipment; Future outlook; Geography of manufacturing; Globalisation; Automation (search for similar items in EconPapers)
JEL-codes: F01 F60 F63 L61 L64 O10 O50 O57 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2014-05-23
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