European machine tool output will reach 22 billion euros

According to a report released by the European Machine Tool Industry Association, 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 the previous year, and the growth rate has slowed down significantly. 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 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).

Martin Carp, chairman of the European Machine Tool Industry Association, 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 steady growth. Good export performance proved the competitiveness of European machine tools, Especially in Asia, North America and South America.

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.

It is reported that the European Machine Tool Industry Association is composed of 15 national associations and represents nearly 1,500 industrial enterprises in the European region and Turkey. 80% of them belong to small and medium-sized enterprises, but account for 97% of the machine tool manufacturing capacity in the region, and they also account for the global machine tool manufacturing capacity. one third.