In 2006, the German machine tool industry, machine production and services worth 10.8 billion euros, an increase of 4%. In 2007, the German Machine Tool Association (VDW) is anticipated that this data will be further growth of 7%, while the value of machine tool production and services will reach 11.5 billion euros. If this, the German machine tool manufacturing industry will achieve the best result ever at the same time, it may break this industry in 2001 reached the highest on record.

German machine tool manufacturing industry to create a product worth 11.5 billion euros and service history of

Since 2003, the German machine tool manufacturing industry for four consecutive years of export success, the first nine months of 2006, export growth of up to 15%. China‘s go-ahead the United States, has once again become the largest German machine tool exports, foreign markets. Meanwhile, South Korea and India’s machine tool exports are doing so well. Clearly, this marks the prosperity of the Asian market and its various sectors to improve the industry standard. Japanese customers have ordered the German machine tool and technology, while Japan ranked first time one of Germany‘s 15 largest export market.

The Asian suppliers, they are upgrading technical standards, and continues to strengthen its position in the German market. 2006 in the first three quarters of the total import growth rate as high as 15%, largely incremental from China, Korea, Taiwan and Japan. Suppliers in Europe, Turkey and Poland, the growth rate is higher.

German machine tool exports to China and the United States its main market

Since late 2004, Germany has also significantly increased domestic demand, which further reinforces the German machine tool manufacturing industry in the rising trend over the past four years.

2007′s optimistic forecast is based on the following indicators as a basis for this:

Since the second half of 2005 has been accepted by the orders continued to outpace production. Such orders higher than the yield phenomenon will continue to exist in the current year, giving rise to expansion of production capacity.

The international economic situation will provide a more stable support. Since the mid-2003 has been a continual rise in global demand for machine tools. The Asian market demand for machine tools continue to maintain a high degree of dynamic nature, the main increments from China, India, South Korea and Taiwan. In addition, the European in 2007, plays a certain role in promoting the European market demand in 2006, that is to grow significantly. More than half of the German machine tool exports to other European countries, therefore, in the international machine tool industry plays a vital position in the market in Germany will undoubtedly benefit from such a high degree of prosperity.

As domestic investment in capital goods industry in the growing business climate steady for the better. Almost all of the consumer industry in the 2007 year the intention to increase investment in equipment, machine tool manufacturing, electrical engineering and automotive manufacturing industry is particularly active. The automotive industry and its suppliers of investment is potentially very strong.

Finally, the European Machine Tool Exhibition, as the international metal processing industry exhibition, will be held September 17, 2007 to 22 held. Based on past experience, and in such event on the introduction of innovative technologies and products to the great role in promoting investment. Many of the European Machine Tool Fair exhibitors said that by actively investing in the environmental impact of exhibitions in 2005 signed a contract well above the expected level, post-show benefit greatly from commercial activities.

In short, on all aspects of the positive factors, it is expected this year’s German machine tool industry will take off again, excel again.