Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/201310 
Title (translated): 
Metals and Engineering Vision 2025
Authors: 
Year of Publication: 
2014
Series/Report no.: 
ETLA Report No. 28
Publisher: 
The Research Institute of the Finnish Economy (ETLA), Helsinki
Abstract (Translated): 
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.
Subjects: 
Metals and engineering
Manufacture of fabricated metal products
Manufacture of machinery and equipment
Future outlook
Geography of manufacturing
Globalisation
Automation
JEL: 
F01
F60
F63
L61
L64
O10
O50
O57
Document Type: 
Research Report

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