This is a best prospect industry sector for this country. Includes a market overview and trade data.
Overview
Taiwan has developed a complete machinery and machine tools ecosystem characterized by close linkages between midstream and downstream segments and highly interdependent clusters. In 2021, Taiwan’s machinery and machine tools industry generated US$33 billion in local production and had US$33 billion in total exports. Taiwan’s machinery and machine tools industries are export oriented. Imports from the United States totaled US$10.8 billion, accounting for 19 percent of total imports. The United States was the second largest source of machinery and machine tools behind only Japan. The Taichung Metropolitan Area is the center of Taiwan’s advanced manufacturing industry. Taichung is home to the Smart Machinery Promotion Office, and the Taichung City Precision Machinery Innovation Technology Park has the highest concentration of machine tool manufacturing in the world.
In 2017, the Taiwan authorities enacted the “5+2 Industrial Development Plan,” which included a US$117 million Smart Machinery Initiative (SMI) that prioritized key innovative industries. Based on Germany’s Industry 4.0, the purpose of the SMI is to transform the traditional machinery industry into an advanced machinery industry by helping 50,000 local manufacturers upgrade their production methods, boosting total industrial revenue and reducing Taiwan’s economic reliance on the semiconductor industry, which is by far Taiwan’s largest industry.
|
|
2019 |
2020 |
2021 |
2022 (Estimated) |
|---|---|---|---|---|
|
Total Local Production |
$40,536,013 |
$36,900,000 |
$43,434,680 |
$47,700,000 |
|
Total Exports |
$27,665,011 |
$26,008,000 |
$33,138,000 |
$39,700,000 |
|
Total Imports |
$34,716,964 |
$42,841,000 |
$56,361,000 |
$64,800,000 |
|
Imports from the U.S. |
$6,826,121 |
$8,588,000 |
$10,857,000 |
$12,960,000 |
|
Total Market Size |
$47,587,966 |
$53,733,000 |
$66,657,680 |
$72,800,000 |
|
Exchange Rate: USD1 |
30.11 |
30.28 |
29.93 |
29.78 |
Market Size = (Total Local Production + Total Imports) – (Total Exports)
Data Sources: Taiwan Association of Machinery Industry (TAMI) published statistics; Taiwan Ministry of Economic Affairs; Total Exports: Customs Administration
Leading Sub-Sectors
· Additive manufacturing equipment
· Machine tools and industrial robots
o 6-axis industrial robots
· Automation technology for CNC manufacturing
· Machine tools and peripheral systems
· Flexible manufacturing systems (FMS)Work-holding equipment
· Zero-point clamping systems
· New manufacturing technologies
· 3D printing technologies for metalworking industry
· Specialized smart production facilities
o Smart machine tools, modules, and components
· Smart software and production systems
o CAD/CAM for metalworking
Opportunities
Although the Taiwan market has historically depended on Germany and Japan for conventional machinery and machine tools supply, Taiwan manufacturers consider U.S. producers to be highly competitive in the emerging fields of system integration solutions, automation solutions, integrated machine tools, industrial robots, and new manufacturing technologies.
Resources Trade Shows
- Kaohsiung Industrial Automation Exhibition, Kaohsiung, May 11-24, 2022
- Automation Taipei, August 24 – 27, 2022
- SEMICON Taiwan, Taipei, September 14 – 16, 2022
- Taipei PlAS Taipei 2022, Taipei, September 27 – October 1, 2022
- Energy Taiwan, Taipei, October 19-21, 2022
- Taiwan International Machine Tool Show, Taipei, March 6 – 11, 2023
Relevant Authorities and Associations
- Industrial Development Bureau (IDB), Ministry of Economic Affairs (MOEA)
- Industrial Technology Research Institute (ITRI)
- Smart Machinery Promotion Office
- Taiwan Automation Intelligence and Robotics Association (TAIROA)
- Taiwan Association of Machinery Industry (TAMI)
- Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA)
- Taiwan Machine Tool and Accessory Builders’ Association (TMBA)
U.S. firms interested in learning more about the machinery and tools market and seeking to expand their export opportunities to Taiwan are encouraged to contact CS Taiwan Commercial Specialist Jason Chang at Jason.Chang@trade.gov.