Statistical analysis of the sales growth of German precision machine tools in 2011

A few days ago, Lothar Horn, Chairman of the Precision Machine Tool Association of the Federation of German Machinery and Equipment Manufacturers, pointed out that in 2011, German precision machine tool manufacturers have achieved very good results, and look forward to 2012 to create greater glories. German precision machine tools will not have much growth in 2012. Hong En said that the period of vigorous development of major customer industries has ended, so it is predicted that the sales growth of precision machine tools in 2012 will only be 7%. In 2011, German precision machine tool companies achieved a sales record of 10.2 billion euros, a year-on-year increase of 21%. Sales of cutting machine tools and fixtures surged thanks to the expansion of production in the automotive and machine tool industries. Process measurement and monitoring technology has also achieved good results. Machining machines have had their first bumper harvest since the financial crisis.