Industryweek 12353 Eu3q16 Heller5axis Promopngcropdisplay

EU Machine Tool Builders Relying on Domestic Demand

Nov. 8, 2016
Third-quarter 2016 new orders for machine tools weakened in Germany and Italy, though the larger German industry is contending with weakness in the home market and stronger demand for exports, the Italian industry is reporting the stronger domestic demand and slower demand from out-of-market buyers.
New-order trend for the German machine tool industry.

Third-quarter 2016 new orders for machine tools weakened in Germany and Italy, two of the largest contributors to the European machine-tool market, and two of the largest machine-tool exporting industries in the world. While the Europe’s machine-tool manufacturers have regained some growth momentum in the past year (after a slow recovery from the 2009 recession) the latest trends show that weak global industrial demand still having some effect.

The results are found in the 3Q activity summaries issued by VDW, the German Machine Tool Builders Assn., and UCIMU, the Italian trade group representing manufacturers of machines tools, automation systems, and auxiliary products. Both VDW and UCIMU are members of CECIMO, the European Union-wide federation of machine-tool trade associations; earlier this year, CECIMO presented an encouraging outlook for EU machine tool output and an even more optimistic view of the trend for machine tool exports, in spite of global industrial weakness.

For the third quarter of 2016, the German machine tool industry’s new orders rose by 8% compared to Q3 2015. Domestic (i.e., German) orders were down by 14%, though demand from abroad increased by 22%.

Read More

American Machinist is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.

Popular Sponsored Recommendations

Electric Vehicles Spark New Opportunities in the Automotive Industry

Dec. 4, 2023
Automakers have increased plans to produce Electric Vehicles to meet customer demand for low emissions. With this radical shift, new opportunities and challenges for the auto ...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Complexity Reverberates Across Manufacturer Operations

Aug. 21, 2023
Design complexity and revenue disruptions overshadow machine builders’ progress in planning and execution. In this research report conducted by IndustryWeek, learn how implementing...

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!