TIMTOS 2023 will take place from 6 to 11 March 2023.

At the recent Taiwan Machine Tool & Accessory Builders’ Association general member meeting held in October 2022 leading machine tool supplier Hiwin Group’s President Cho Yung-tsai pointed out that although the market demand in mainland China has slowed down recently, the orders received in Europe, America, Japan and other regions all showed considerable growth. He added that revenue might not be as optimistic as in Q3, but double-digit growth could still be on the table for the entire year.

Goodway Group Chairman Yang De-hua said that the proportion of Goodways revenue in the Chinese market had dropped from 50% last year to about 40% this year. The demand in other regions, such as Europe, America, and Turkey, remains relatively high. Demand from both sides of the Taiwan Strait has declined, and this year’s revenue amounts to around NTD$6.5 billion to NTD$6.7 billion.

Cho Yung-tsai said that Hiwin maintains a significant advantage due to smart manufacturing and smart automation, making the company less reliant on the Chinese market. Currently, the average order for ball screws and linear slides is on hand for two months, some linear slides are on hand for one and a half months, and the orders for industrial robots are at full capacity until the end of the year.

Cho believes that the domestic machine tool industry will not look so optimistic due to factors such as China’s power cuts, the pandemic and inflation, and the US economy’s likelihood of seeing negative growth this year.

Yang pointed out that the Goodway Group’s companies Goodway and AWEA are also at full capacity regarding orders up until January next year. In terms of orders in hand, Goodway Tai slightly rebounded to NTD$1.2 billion.

Yang said that the market is more pessimistic about the second half of 2022 and the next year, but even though the economy is not as optimistic, he pointed out that there is still room for growth, and there is no need to be pessimistic. He also suggested that the export of Taiwanese products should be diversified rather than focusing on one specific market. If it is too concentrated on the Chinese market, for instance, exports will be greatly affected by city closures in China and the pandemic. In the future, Yang looks to the ASEAN region and India as markets worthy of development.

TIMTOS 2023 welcomes buyers from around the world
TIMTOS 2023 will take place from 6 to 11 March 2023 in three halls at the Taipei Nangang International Exhibition Centre. Hall 1, Hall 2, and Taipei World Trade Centre Hall 1 will host the TIMTOS 2023, which is co-organised by TAITRA and TAMI. Statistics show that this year’s registration is back to its normal status from the previous year.

Key themes for TIMTOS 2023 will be ‘green machine tools’, smart machinery, flexible manufacturing, and digital simulation. The exhibition will showcase a full line-up of hybrid events, including online and offline procurement matchmaking, live broadcasting, forums and seminars. Alongside the physical trade show, there will be an online exhibition which will run for one month.

TIMTOS 2023 will present a comprehensive metal processing ecosystem, from key components to smart manufacturing solutions. According to show organiser TAITRA, the show will also focus on the issue of low-carbon supply chains, smart solutions that integrate the concepts of digitalisation and carbon reduction.

Taiwan ranked third in the world’s machine tool exports in 2021 with total exports reaching $2.78 billion, a significant increase of 29.1% compared with 2020. More than 50% of this growth was recorded in Turkey, the Netherlands and Italy. Unsurprisingly, in anticipation of continuing global demand, Taiwan machine tool outputs will increase in the years to come, while supply chain restructuring has generated new business opportunities.