Hannover: Asia, N. America, Russia Will Fuel Order Growth

Even though machine tool demand has had a week start in the first quarter of 2013, experts look to the second half of the year to provide growth in orders. Expectations in Germany 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.

Hannover, Germany and Princeton, New Jersey – Even though machine tool demand has had a week start in the first quarter of 2013, experts look to the second half of the year to provide growth in orders. “The year’s second half now has to provide a counterweight, if the predicted growth in production output of one percent is not to be put at risk”, comments Dr. Wilfried Schäfer, Executive Director of the industry association VDW (German Machine Tool Builders’ Association) in Frankfurt am Main.

Expectations in Germany 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 modernization 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 share, and from the aircraft industry and the mechanical engineering sector.  All of them intend to be making above average capital investments in 2013.  There will be a good opportunity for this at the EMO Hannover 2013, where the international world of metalworking will be meeting up from September 16 to 21, 2013, to show the world’s users of machine tools the latest innovations in the field of production technology, providing them with the best possible basis for their ongoing investment decisions.

German Machine Tool Industry Background

The German machine tool industry ranks among the five largest sectors in the country’s mechanical engineering segment.  It supplies production technologies for metalworking applications to all categories of manufacturer, and makes a crucial contribution towards progressing innovation and productivity in the industrial sector overall.  Due to its absolutely key position for industrial production output, its development is also an important indicator for the economic vigor of the country’s industrial sector as a whole.  In 2012, the German machine tool industry produced machines and services worth around 13 billion euros, and was employing 70,900 people (status: December 2012, firms with more than 20 staff). This corresponded to growth of 10 percent.

About EMO Hannover 2013

From September 16 to 21, 2013, international manufacturers of production technology will be spotlighting “Intelligence in Production” at the EMO Hannover 2013. The trade fair for the metalworking industry will be showcasing the entire bandwidth of today’s most sophisticated metalworking technology, which is the heart of every industrial production process. The fair will be presenting the latest machines, plus efficient technical solutions, product-supportive services, sustainability in the production process, and much, much more. For more information, please visit www.emo-hannover.de.

 

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