Summary In the first quarter of 2013, the German machine tool industry experienced a significant drop in orders, with a 19% decline compared to the same period in 2012. Domestic orders fell by 21%, while international orders decreased by 18%. Wilfried Schäfer, Executive Chairman of the German Machine Tool Manufacturers Association (VDW) in Frankfurt, highlighted the ongoing challenges facing the sector. He noted that demand remains weak across the board, not just among high-end German clients. For instance, the number of metal cutting tools, which serve a broad range of customers, was still down by 26% year-on-year. However, the automotive industry—especially in project-based business—remained more stable, with order levels comparable to the previous year.
Schäfer emphasized that for production to increase by 1%, the second half of the year would need to see a corresponding rise in orders. This outlook has led the industry to focus on expanding into emerging markets, particularly in Asia. China, as the largest market for German machine tools, continues to show strong growth potential. Meanwhile, North America is expected to maintain a stable position this year. Russia also remains an attractive market due to its ongoing industrial modernization efforts.
In addition to these developments, the international automotive industry is making strategic investments to gain market share. These efforts are not limited to the automotive sector alone; they also extend to aerospace and mechanical engineering, both of which are expected to drive above-average capital spending in 2013. The EMO Hannover trade fair, scheduled from September 16th to 21st, will serve as a key platform for showcasing the latest advancements in metalworking technology. It offers global customers a valuable opportunity to explore new innovations and make informed investment decisions.
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