• MMS Youtube
  • MMS Facebook
  • MMS Linkedin
  • MMS Twitter
8/10/2016 | 1 MINUTE READ

German Machine Tool Industry Reports Increased Order Bookings

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

VDW attributes this boost to domestic business and international automotive projects.

Order bookings in the German machine tool industry rose by 16 percent in the second quarter of 2016 compared to the preceding year’s equivalent period, according to VDW, the German Machine Tool Builders’ Association. Domestic orders are up by 19 percent, while demand from abroad has increased by 14 percent. Eurozone orders are up by 37 percent, and non-Eurozone nations grew by 10 percent in orders. In the year’s first half, order bookings increased by 12 percent compared to the preceding year’s figures. Domestic order bookings rose by 10 percent, and orders from abroad are also up by 13 percent.

According to VDW, the higher level of demand is thanks to domestic business and automotive projects in China and Mexico. One-off effects from the first half of 2016 are also responsible for the growth in orders, according to VDW. Abroad, machining centers and milling machines are said to be benefitting from large-scale orders. Other metalcutting technologies, as well as areas of forming technology, are performing less well in terms of orders from abroad. However, domestically, metalcutting is up by 2 percent, and VDW predicts that other technologies will benefit from this rise.

Additionally, the industry reports that employment remains at a high level. In May 2016, almost 69,000 people were employed in the machine tool industry in Germany—a slight increase over the preceding year. This is an indication that German machine tool manufacturers, despite cyclical fluctuations, are keeping themselves fit to face the challenges of the future, suggests VDW.

Hand holding a crystal ball

We’d rather send you $15 than rely on our crystal ball…

It’s Capital Spending Survey season and the manufacturing industry is counting on you to participate! Odds are that you received our 5-minute Metalworking survey from Modern Machine Shop in your mail or email. Fill it out and we’ll email you $15 to exchange for your choice of gift card or charitable donation. Are you in the U.S. and not sure you received the survey? Contact us to access it.

Help us inform the industry and everybody benefits.

RELATED CONTENT

  • 3D Scanning: Reproducing One-Of-A-Kind Prototypes

    A laser scanning system helps this shop capture the free-form surfaces on a hand-sculpted original. The resulting digitized models are the basis for CAM applications such as programming a CNC machining center. 

  • A Model Camshaft Grinding Process

    Optimizing a camshaft lobe grinding cycle has traditionally been based less on science and more on educated guesswork and numerous test grinds. Now, computer thermal modeling software can predict areas where lobe burning is likely to occur, in order to determine the fastest possible work speed that won't thermally damage lobes and greatly reduce the number of requisite test grinds.

  • Video: Sheet Metal Forming Without a Die

    Ford Motor Company produced this video of its process for forming sheet metal directly from the CAD model, without any need for a die.

Related Topics

Resources