Machine tools

Strong demand and solid support from euro-zone

| Editor: Rosemarie Stahl

The German machine tool industry ranks among the five largest specialist groupings in the mechanical engineering sector.
The German machine tool industry ranks among the five largest specialist groupings in the mechanical engineering sector. (Source: CC0 Public Domain)

Related Content

The expectations weren't great at the beginning of the year. However, despite political insecurities the orders received by the German machine tool industry were 6% higher compared to last year.

Germany – Orders received by the German machine tool industry in the first quarter of 2017 were 6% up on the previous year. Domestic demand rose by 2%, while overseas orders grew by 8%.

"Orders received by the German machine tool industry have therefore been stronger than expected," said Dr. Wilfried Schäfer, Executive Director of the VDW (German Machine Tool Builders' Association) in Frankfurt am Main, commenting on the result. International demand remains consistently high. The euro countries represent a reliable market. There was a disproportionately high increase of 23 per cent in orders for machine tools from there in the first quarter in comparison to the same period last year. "Furthermore, the increase in demand from the key Chinese market is now broader based," reported Schäfer.

Order Intake of the German Machine Tool Industry.
Order Intake of the German Machine Tool Industry. (Source: VDW)

Orders rose last year by more than twenty per cent, primarily due to large international automotive industry projects in China. The strong development has continued, however, in the first quarter of 2017. There was a 13 per cent increase in metal forming technology orders. This rise in demand came both from home and abroad. Machining equipment orders, however, which represent about 70 per cent of the total, only rose by 3 per cent. The main source of growth here was foreign markets, which posted an increase of 6 per cent. Domestic demand, by contrast, fell by 4 per cent.

Additional Information
 
German machine tools

"The German machine tool industry continues to perform stably and at a high level, undeterred by the many crises and uncertainties affecting different parts of the world," said VDW Executive Director Schäfer.

Comments are being loaded ....

Leave a comment
  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 44672529 / Markets)