Better Touch Better Business
Statistical analysis of European machine tool output in 2011
According to the European Machine Tool Manufacturers Association (CECIMO), the output of European machine tools has grown strongly in 2011, and European machine tools will occupy an important share of the world's machine tool output. European machine tool production is expected to grow faster than the world average Future trends largely depend on the stability of public finances EMO Hannover 2011 confirmed that Europe is a leader in advanced solutions for manufacturing. In 2011, European machine tool production is expected to increase by 20% compared to 2010, reaching 20 billion euros. The growth of machine tool output is mainly driven by exports. It is expected that in 2011, the export value of European machine tools will increase by nearly 1/4, reaching 15.7 billion euros. Michael Hauser, President of CECIMO, concluded: 'The recovery of European manufacturing has also contributed to the growth of European machine tool imports and consumption. In 2011, European machine tool consumption will increase by 2 billion euros to 11.3 billion euros.' Compared with the world average , European machine tool output not only occupies the largest share of world machine tool output, but this share will continue to expand. Frak Brike, chairman of the CECIMO Economic Committee, predicts: 'In 2012, the share of European machine tool production in the world will rise from 33.3% in 2010 to 34.6%.' There are many uncertainties in the trial production in the next few quarters. The European machine tool industry is recovering from the crisis, but the industry is now facing another uncertain volatility and deteriorating market confidence. Frak Brike emphasized: 'At present, the economic outlook of the world and Europe is unclear. In Europe, the capital of the manufacturing supply chain is blocked as a whole. If these problems cannot be solved in time, it will seriously affect the development of the European machine tool industry. It is especially negative for small and medium-sized enterprises. The impact will be more pronounced.'