Ecta Rendezvous Demand for cutting tools picking up again — but uncertainties prevail
Germany — Speaking about the situation and outlook for the industry in Europe at the online Ecta Rendezvous, which drew more than 100 attendees from around the world, Markus Horn expressed confidence that the cutting tool market has left the worst part of the crisis behind.
“The demand for cutting tools has picked up noticeably in various sectors — especially in the automotive industry,” said Markus Horn, president of the European Cutting Tools Association (Ecta) on at the Ecta Rendezvous — Spotlight European Cutting Tools Industry, adding, “On the other hand, we are increasingly facing problems with declining availability and rising costs for raw materials.”
Josua Burkart, hpo forecasting, provided information on the industry's success in forecasting economic cycles and predicted a slowdown in demand in the second half of the year. However, he said it was not yet possible to predict the impact of the gigantic stimulus and infrastructure packages in some countries. Kai Krüger, FEV Consulting, gave an overview of the market development in the relevant European markets for cutting tools combined with an outlook on the future until 2040 based on the VDMA study “Drivetrain in Transition”: He expects strong shifts within the production process landscape for automotive drive systems in the direction of new technologies in the long term and anticipates the loss of 160,000 jobs in the entire automotive sector in Europe.
The Ecta Rendezvous — Spotlight European Cutting Tools Industry builds the bridge to the next Ecta European Cutting Tools Conference, scheduled for June 2022.