European Machine Tool Industry - Statistics & Facts

Published by N. Sönnichsen, May 2, 2019
Machine tools are an inherent part of manufacturing industries and indispensable particularly to those reliant on interchangeable components. Nevertheless, global production value of machine tools has been continually fluctuating in the past seven years, recording a net decrease of roughly 7 billion U.S. dollars between 2011 and 2017. Of producing countries worldwide, Germany was the highest-ranking European country, coming in second with a market share of 16.5 percent in 2017. Across members of the European Association of the Machine Tool Industries (CECIMO), consumption valued at 16.4 billion euros that same year and was estimated to increase to over 21 billion euros by 2022.

Regarding international trade figures, in 2017 Europe had exported 1.57 billion euros worth of way-type unit head machines and similar ones used for drilling, boring, milling, threading or tapping. By comparison, that year machine tools for finishing metals by deburring, sharpening, grinding, honing, lapping or otherwise polishing saw their export value grow to nearly 2.4 billion euros, while imports for the same items were significantly lower.

The Swiss manufacturer of sheet processing systems Bystronic has seen their annual net revenues increasing in the past five years, reaching 856.1 million Swiss francs in 2017. Another Swiss producer, Georg Fischer had recorded even higher sales figures. Between 2013 and 2017 annual sales had grown from 3.8 billion to nearly 4.2 billion Swiss francs.

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