行业趋势机器工程2026年3月

Global overview Companies are facing renewed uncertainty surrounding tariffregimes and legal risks. In this business environment manycompanies in the manufacturing sector remain reluctant toinvest in capital goods. In addition, the monetary policy easing Renewed uncertainty surrounding tariff regimes and legal risksaffect machinery investment We expect global mechanical engineering output to increaseby 3.1% in 2026. While this is higher than in our previousforecast given in August 2025, growth remains below potential,as the sector continues to face a complex mix of ongoing trade In 2027 we expect global mechanical engineering output growthto accelerate to 3.6%, as additional monetary easing expectedin H2 of 2026 begins to feed through and defence spending Machinery is highly reliant on cross-border supply chains, andtherefore very sensitive to changes in global trade policies.Confidence and security over strategic planning decisions areimportant for an industry that often requires financing forsignificant capital outlay, often over many years. A US SupremeCourt decision invalidated most tariffs imposed under theInternational Emergency Economic Powers Act (IEEPA). However In the mid- and long-term, the shift towards electric vehicleswill lead to changes in machinery supply to the automotivesector, with more emphasis on batteries and related electricalequipment. Demand for machinery to manufacture conventional Industry trendsMechanical engineering output Strengths and growth drivers Constraints and downside risks Economic cycle.Many machinery segments depend on demandfrom cyclical sectors such as construction and automotive. High entry barriers.Established players are able to takeadvantage of the need for major investment in technology to Capital-intensity.Machinery businesses often face largeinvestments and R&D expenditures in order to provide tailor- Automation.Many industries are increasingly using processautomation and industrial robots, which should stimulate Commodity price volatility.The sector is highly susceptible tothe price developments and availability of input materials like Technological advances.3D printing, AI, IIoT (Industrial Internetof Things) and big data analytics are increasingly used inmanufacturing. Businesses are learning how to take advantageof the massive amounts of data their machines generate. All this AmericasMachines / Engineering outlook board tariffs. As a result, this has ended theperiod of, admittedly fragile, predictabilityachieved through deals and tariff reliefnegotiated by many markets. US companiesare facing renewed uncertainty surroundingtariff regimes and legal risks. Any near-termeconomic boost from lower tariffs is nowlikely to be partly offset by this reneweduncertainty, which could negatively affect Machinery demand driven by the AI-boom,but tariffs weigh on input costs We expect US mechanical engineeringproduction to grow by 1.3% in 2026 andby 2.4% next year. After increasing by8% in 2025, machinery and equipmentinvestment in the US should expandagain this year. A main driver is ongoingrobust AI-related capital expenditure,particularly in hardware and data-centreconstruction. Special purpose machineryoutput is forecast to increase by 4.2% in2026. Additionally, fundamentals beyondAI remain supportive for equipment In the mid- to long-term, demand forautomation, digitalisation, and sustainableproduction solutions in manufacturingshould support machinery demand in the Canada High dependence on the US market takes itstoll However, the current US tariff policyrisks preventing additional growth ofmachinery production and sales due tohigher input costs. Producer price inflationfor machinery and equipment has sharplyincreased since mid-2025. Mechanicalengineering’s reliance on importedgoods is in the middle of the pack of USmanufacturing subsectors – broadly We expect Canadian mechanical engineeringproduction to contract by 7.9% in 2026 aftera 3.9% slump last year. Exports to the USaccount for about 75% of Canadian machinerygross output, making it one of the mostexposed sectors to US import tariffs. At leastthe industry benefits from fiscal measureswhich enhance existing tax allowances byenabling firms to deduct capital investment Recent tariff policy developments haveadded uncertainty The US administration responded to therecent US Supreme Court decision toinvalidate most tariffs imposed under theInternational Emergency Economic Powers Asia PacificMachines / Engineering outlook China Japan Weaker global trade environment remainsa concern The sector benefits from fiscal stimulus We expect Chinese mechanicalengineering output to increase by6.1% in 2026, with the special purposemachinery segment growing 8.3%. In2027 mechanical engineering productionis forecast to rise 5.3%. Demand fromChinese manufacturing sectors remainssolid. Domestically the machines andengineering industry benefits from fiscal Japanese mechanical engineering outputis fo