According to the assessment report data, in 2012, the European machine tool industry output value of 22.2 billion euros, an increase of 6%, exports reached a record 18.8 billion euros.
The European Machine Tool Industry Association emphasizes that European machine tools have a clear competitive advantage in the international market and are exported to all parts of the world. In 2012, the trade surplus was 10.5 billion euros. At the same time, the European machine tool market demand decreased by 2% last year due to the decline in European business confidence.
The European Machine Tool Industry Association pointed out that since the outbreak of the financial crisis in 2008, the European machine tool industry has been plagued by the credit crunch and increasingly limited access to finance. The uncertainty of the economy has damaged the enthusiasm of enterprises. At the same time, the strict credit standards of financial institutions make it impossible for SMEs to raise funds. The dual factors lead to insufficient domestic demand in the European machine tool market, which seriously restricts the development of the European machine tool industry.
The association said that although European machine tools have succeeded in emerging markets, the decline in demand in the European market is worrying. In 2012, some southern European machine tool manufacturers' production relied on exports 100%. Over-reliance on exports severely squeezed corporate profit margins and affected the company's ability to innovate. Martin Kapp, president of the European Machine Tool Industry Association, believes that restoring domestic demand growth will be crucial to the future innovation of the European machine tool industry.
The European Machine Tool Industry Association consists of machine tool manufacturers associations in 15 countries, representing nearly 1,500 manufacturing companies in Europe and Turkey, 80% of which are SMEs, accounting for 97% of the machine tool manufacturing capacity in the region, and also accounting for global machine tool manufacturing capabilities. One third of it.
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