DMG Mori Open House Calm waters for global machine tool market
Germany/Japan – DMG Mori expects calm waters for worldwide machine tool consumption in 2016. With an expected growth of 4.1% (YOY), the market remains stable, which means that companies have to be close to their customer base, Dr. Rüdiger Kapitza, chairman of the Executive Board of DMG Mori Seiki AG, said at the company’s Open House in Pfronten, Germany on 26 January 2016.
At DMG Mori’s traditional Open House last week, the machine tool company was presenting 90 high-tech machines and expected to attract around 8000 visitors to the Deckel Maho factory in Germany’s snowy Alpine foothills.
As usual, Dr Masahiko Mori, president of DMG Mori Seiki Co and Dr. Rüdiger Kapitza, chairman of the Executive Board of DMG Mori Seiki AG, appeared united on the stage at the company’s press conference. According to Kapitza, worldwide machine tool consumption will remain relatively stable in 2016 and 2017. The whole market is estimated to be worth €61.7bn this year (+4.1% compared to 2015), whereof around €42bn can be attributed to metal cutting machine tools (excluding metal forming machines), he said. Kapitza added that the market relevant to his company’s range of products can be estimated at €35bn in 2016. Here, DMG Mori has a global market share of around 10%, which he aims to even further increase. Of course, he said, if the market doesn’t considerably grow, then the company has to work on existing customers and generate new ones in all relevant markets.