German reindustrialization boosts domestic high-end demand

According to the statistics of the German Machine Tool Industry Association in the first three quarters of 2014, the total amount of machine tool orders was 10.79 billion euros, a year-on-year decrease of 1%. Among them, domestic orders were 3.84 billion euros, an increase of 8% year-on-year; export orders were 6.95 billion euros, a year-on-year decrease of 3%. The German machine tool market consumption was 4.97 billion euros, a year-on-year increase of 7%. The top three German machine tool product output (sales) are: machining centers and flexible units (1.3 billion euros, up 12.9% year-on-year), lathes (1.09 billion euros, up 10.9% year-on-year), grinding and polishing machine tools ( 810 million euros, up 8% year-on-year). The top three German machine tool imports are: lathes (330 million euros, an increase of 15% year-on-year), special processing machine tools (310 million euros, a year-on-year increase of 14.1%), machining centers (270 million euros, an increase of 12% year-on-year) . Due to the influence of energy, population and other factors, the German machine tool market is also facing the upgrading process of re-industrialization. It can be seen from the growth of German market consumption, machine tool output and import that consolidating and enhancing the traditional competitive advantage of the German machine tool industry is still the core goal of re-industrialization. At the same time, under the background of the increasing differentiation of the world economic operation cycle, the intensified changes in the global major machine tool consumer markets, and the continuous diversification of the comprehensive competitiveness of German machine tool products, the overseas orders and exports of German machine tools showed a year-on-year downward trend.