Forecast of development trends in Taiwan's machinery industry

Industry transformation oriented toward high technology is being expected in the next 10 years by targeting Taiwan becoming an island of the technology. The machinery industry, which has been playing a vital role in Taiwan's economic development in the past, should be continuously emphasized during the course of the future development. This paper presents a detailed study on the future development of Taiwan's machinery industry along with the valuable proposals to the government policy and the investment strategy to the private sectors. The 10-year forecasting survey based on the strength, weakness, opportunity and threats (SWOT) analysis was made through an integrated professional team using the Delphi method. The derived results of market growth forecasting and the projected high potential products are further elaborated in the paper. (C) 2002 Elsevier Science Inc. All rights reserved.