Summary In the first quarter of 2013, the German machine tool industry saw a significant drop in orders, with a 19% decline compared to the same period in 2012. Domestic demand fell by 21%, while international orders dropped by 18%. Wilfried Schäfer, Executive Chairman of the German Machine Tool Manufacturers Association (VDW) in Frankfurt, highlighted that the outlook for the sector remains uncertain. He pointed out that the weak start of the year reflects broader challenges, not just among high-end German customers but across the board. For instance, the number of metal cutting tools—used by a wide range of clients—was still 26% lower than the previous year. However, the molding process sector, which is heavily tied to the automotive industry, remained more stable, with orders roughly matching those of the previous year.
Schäfer emphasized that if production levels are to rise by 1%, order volumes in the second half of the year must match the same level. This expectation has led the industry to focus more on expanding into emerging markets, particularly in Asia. China, as the largest market for German machine tools, continues to offer strong growth potential due to its rapid economic development. Meanwhile, North America is expected to maintain a steady market position this year. Russia also remains an attractive market, driven by ongoing industrial modernization efforts.
In addition to these regional trends, the international automotive industry is making strategic investments to secure market share. These efforts extend beyond traditional sectors, with opportunities emerging in aerospace and mechanical engineering. Both industries are expected to see above-average capital expenditures in 2013. The EMO Hannover trade show, held 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.Electric Grinder,Laptop Screwdriver Set,Screwdriver Set With Case,Proto Screwdriver Set
SUZHOU CREATION SPACE INTELLIGENT TECHNOLOGY CO.,LTD , https://www.mypkey.com