Looking for a used or new machine tool?
1,000s to choose from
Machinery-Locator
XYZ Machine Tools MPU Bodor MPU Mills CNC MPU 2021 Hurco MPU Ceratizit MPU

Machinery-Locator
The online search from the pages of Machinery Market.

Used XYZ ProTURN SLX355 CNC Lathe (4528)
Used XYZ ProTURN SLX355 CNC Lathe, 2019, Ser SL600, swing over bed 360mm, distance between centres 1
Used XYZ ProTURN SLX355 CNC Lathe, 2019, Ser SL600, swing over bed 360mm, distance between centres 1...
Mooney, Steven E. Machinery Ltd

Be seen in all the right places!

Maktek Eurasia Advanced Engineering 2024 Manufacturing Indonesia

Difficult start to year for German machine tool industry

Posted on 29 May 2024. Edited by: Tony Miles. Read 457 times.
Difficult start to year for German machine tool industryOrders received by the German machine tool industry in the first quarter of 2024 were 24% down on the same period last year according to the latest data from the VDW (German Machine Tool Builders’ Association), Frankfurt am Main. Orders from Germany fell by 2% whereas those from abroad dropped by a more significant 32%.

Dr Markus Heering, executive director of the VDW said: “The sector is currently experiencing a major shortfall in orders compared to last year. This is due in part to a ‘base effect’, as there were still significant levels of orders on hand at the beginning of 2023.”

On a more positive note, the first tentative signs of stabilisation are currently emerging, although the coming months will prove decisive. He continued: “Our members are telling us that there is clear demand from customers in Germany, too, but that many investment decisions are currently being put on hold due to the high level of uncertainty.”

Some indicators suggest that the situation could improve in the second half of the year. Lower inflation, reduced energy prices, the prospect of the first interest rate hikes, the end of de-stocking, improved economic indicators and higher real incomes which boost consumption could provide a basis for a return to higher investment.

This analysis is also supported by the turnround in the Global Purchasing Managers’ Index, which returned to low-level growth at the beginning of the year. For 2025, Oxford Economics, the VDW's forecasting partner, predicts a strong increase of 8.3% in global machine tool consumption. In regional terms, the upturn is broad-based. India, the ASEAN region, the USA, Mexico and Canada in particular are emerging as driving forces. A return to a clear upward trend can be expected in many European countries.

Dr Heering concluded: “Rising international consumption could well feed through to an increase in orders in Germany. What is crucial now in this country is for the inquiries to translate into actual orders.” He also pointed out how the German government has a role to play by ensuring that industry can look to the future with greater confidence.