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European machine tool industry slows down significantly in the sales market
According to a report released by the European Machine Tool Industry Association on December 8th, the output value of European machine tools in 2012 is expected to reach 22 billion euros (about 28.4 billion U.S. dollars), an increase of 6% from 2011, and the growth rate will slow down sharply from 25% last year.
The report said that in 2012, the European machine tool industry showed good export performance and weak domestic demand, and future growth will rely more on foreign orders.
The report said that the reduction in investment in machine tools reflects that European companies are cautious about the development prospects, especially the decline in production in Southern Europe. With European manufacturing slowing, the amount of orders for internal machine tools in Europe in 2012 is expected to be 77 million euros lower than in 2011 (about 99.33 million US dollars).
European Machine Tool Industry Association Chairman Martin? Karp said that the association’s export orders in 2011 were close to a record high of 16.7 billion euros (about 21.5 billion U.S. dollars), and this year continued to maintain stable growth. Good export performance proved the competitiveness of European machine tools, especially in Asia, North America and South American market.
The European Machine Tool Industry Association called on the EU and EU member states to adopt positive policies to stimulate manufacturing growth. About half of the European machine tool industry's exports in 2011 were sold to non-European regions, and the proportion of non-European regions continues to increase, so the EU needs to actively promote the conclusion of free trade agreements. The European Machine Tool Industry Association expressed its disappointment that the European Union has postponed the signing of a free trade agreement with India and is concerned that Japan and South Korea, which have signed a free trade agreement with India, have thus obtained a competitive advantage.
The European Commission recently formulated an outline of industrial development to revitalize manufacturing. According to the outline, by 2020, the share of the manufacturing industry in the EU’s GDP will increase from the current 16% to 20% in order to achieve the goal of re-industrialization in Europe.
The European Machine Tool Industry Association is made up of 15 national associations and represents nearly 1,500 industrial companies in Europe and Turkey. 80% of them are SMEs, which account for 97% of the machine tool manufacturing capacity in the region and also account for 30% of the global machine tool manufacturing capacity. one.
Now, with the plunging of European countries in the crisis, the domestic machine tool industry has also been affected. At present, the machine tool consumption demands of all countries in the alliance are weak. In the middle of 2012, only the machine tool export performance was good. Its future growth will depend more on foreign orders. The reduction in investment in machine tools reflects that European companies are cautious about the development prospects, especially the decline in production in Southern Europe. With the continuous impact of European countries on the crisis, the manufacturing industry has slowed down. In 2012, the amount of orders for internal machine tools in Europe is expected to decrease by 77 million euros (about 99.33 million US dollars) from 2011.
Related associations called on the EU and EU member states to adopt positive policies to stimulate manufacturing growth. About half of the European machine tool industry's exports in 2011 were sold to non-European regions, and the proportion of non-European regions continues to increase, so the EU needs to actively promote the conclusion of free trade agreements. The European Machine Tool Industry Association expressed its disappointment that the European Union has postponed the signing of a free trade agreement with India and is concerned that Japan and South Korea, which have signed a free trade agreement with India, have thus obtained a competitive advantage.
The European Commission recently formulated an outline of industrial development to revitalize manufacturing. According to the outline, by 2020, the share of the manufacturing industry in the EU’s GDP will increase from the current 16% to 20% in order to achieve the goal of re-industrialization in Europe.