Metals and Engineering Vision 2025

Nikinmaa Timo

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.

Publication info

Series
ETLA Raportit - Reports 28
Date
23.05.2014
Keywords
Metals and engineering, Manufacture of fabricated metal products, Manufacture of machinery and equipment, Future outlook, Geography of manufacturing, Globalisation, Automation
ISSN
2323-2447, 2323-2455 (Pdf)
JEL
F01, F60, F63, L61, L64, O10, O50, O57
Pages
56
Language
Finnish