Demand for Machine Tools Lacks Momentum

  Enquire / contact me

Germany’s machine tool industry fell by 19 per cent

Dr. Wilfried Schäfer, Executive Director of the industry association VDW
Dr. Wilfried Schäfer, Executive Director of the industry association VDW

In the first quarter of 2013, order bookings in Germany's machine tool industry fell by 19 per cent compared to the equivalent quarter of 2012. Domestic orders were down by 21 per cent, while orders from abroad dropped by 18 per cent.
"Demand for machine tools is still lacking momentum", comments Dr. Wilfried Schäfer, Executive Director of the industry association VDW (German Machine Tool Builders' Association) in Frankfurt am Main. The weak start to the year, he said, signals a perceptible degree of scepticism, not least by mid-tier customers in Germany. Order bookings in metal-cutting applications, for instance, with a broadly diversified customer base, remained 26 per cent down on the preceding year's figure. In forming technology, by contrast, which is dominated by project business with the automotive industry, orders are still running at the previous year's level.

"The year's second half now has to provide a counterweight, if the predicted growth in production output of one per cent is not to be put at risk", comments Schäfer. Expectations here are once again focused on the expanding markets of Asia. In China, particularly, by far the biggest market for the German machine tool industry, faster economic growth is again being forecast. North America, most recently a vital support for the sector, will remain a stable market this year as well. Russia, finally, thanks to its substantial need for modernisation in its domestic industrial sector, likewise continues to be an attractive customer.

There are also rays of hope from the international automotive industry, which is deploying strategic investments in the battle for market shares, and from the aircraft industry and the mechanical engineering sector. All of them intend to be making above-average capital investments in 2013.

Posted on June 26, 2013 - (125 views)
by
Related articles
Workbench for Electrical Cabinet and Low Voltage
Easily print labels from your smartphone!
Turntable Bearings for Medical Applications
Take your temperature measurements to the next level
Custom Engineered Components
Ergonomic Safety Handles
High-Speed Camera with 4 Channels CXP-12
Bolts Configurator with Groove
3D Scanning and Inspection Solutions
Bi-Metal Temperature Gauges
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
High-Speed Camera with 4 Channels CXP-12
Bi-Metal Temperature Gauges
Industrial Wireless LAN Access Points
FMAC NEO: 3-Phase Mains Filter
Cogent DataHub IoT Gateway
Chip Fuse for Highest Demands
SUT-H: for Hgh Inrush Currents
FPBB RAIL - Compact DIN-Rail Filter
DG11: IEC Appliance Plug with Circuit Breaker
Labfacility L60+ Thermocouple & Fine Wire Welder
Easily print labels from your smartphone!
Ergonomic Safety Handles
Bi-Metal Temperature Gauges
Hoist Trolleys
Interactive Projection Module
JVL Shows the Highlight of SPS IPC Drives 2018
Schildknecht Presents the Universal ioT Gateway at SPS IPC Drives 2018
Danfoss Drives Presented its Latest Novelties at SPS IPC Drives 2018
Rockwell Presents the iTrack System at SPS IPC Drives 2018
Microscope Optics by Optris Presented at SPS IPC Drives