EMO Hannover 2013 – International machine tool market headed for a new record
Cardiff, 11 June 2013. – The gates open on EMO Hannover 2013 from 16 to 21 September. At the world’s leading metalworking trade show, manufacturers of machine tools and components present their products, solutions and services for meeting the challenges of industrial manufacturing to a global clientele.
“Industry is facing major challenges worldwide,” said Dr. Wilfried Schäfer, Executive Director of the VDW association (German Machine Tool Builders’ Association, Frankfurt/Germany), at the EMO press conference on 11 June 2013 in Cardiff. In every country, rising standards of living are boosting demand for better products, and machine tools are the key. Cultural megatrends such as expanding infrastructure, mobility, energy, nutrition and health require industry to do more, thereby also promoting the use of machine tools. “EMO Hannover 2013 shows trade professionals from the global user industries the technologies that can help them meet their manufacturing challenges,” explains Miller.
The international machine tool market has nearly tripled in size over the past 20 years, to around €66 billion in 2012. Since the turn of the century, machine tool consumption measured in euros has risen an average of nearly five percent annually. This growth was driven above all by Asia, where some 60 percent of all international machine tool production flowed in 2012.
International machine tool market continues to expand; customers investing
Business analysts expect a further rise of two percent in machine tool consumption, to a record €68 billion in 2013, year of the upcoming edition of EMO. Following on two strong growth years in which machine tool consumption already rose 65 percent to historic highs, the market is now temporarily calmer. This is due to the continued lack of confidence in the international economic situation. Business analysts therefore expect gross domestic product and worldwide industrial production to grow more slowly, although with significant acceleration in the second half of the year.