China's machine tool consumption will increase by 12% in 2013

Although the world economy is in a weak economy in 2012, with the recovery of industrial production in major economies, it is estimated that global machine tool consumption will increase by 8% in 2013 to reach US$96 billion. Scheffer, general manager of the German Machine Tool Manufacturers Association (VDW), stated in Shanghai on the 12th that China's machine tool export volume has ranked eighth in the world, and Europe has become an important market for Chinese machine tool exports. He predicted that China's machine tool consumption in 2013 will increase by 12% to 38 billion US dollars.

At the promotion conference of the "European Hannover Machine Tool Show (EMO)" 2013 held here, Schaefer said that the European market currently accounts for 24% of China's total machine tool exports, and the market size is approximately US$600 million.

Relevant data show that the scale of the international machine tool market has more than doubled in 20 years, reaching about US$86 billion in 2011. Since the turn of the century, the annual consumption of machine tools has increased by an average of nearly 10% (in U.S. dollars). The main driving force for growth came from Asia. In 2011, three-fifths of international machine tool production flowed into the region.

It is expected that the investment in large-scale infrastructure in 2013 will boost China's economic growth, especially investment in high-speed railways, urban rail transit, airports and grid expansion. The process of modernizing China’s industrial infrastructure has accelerated, and the demand for efficient modern manufacturing technologies has increased.

It is worth noting that China’s “Twelfth Five-Year Plan” focuses on sustainable development, efficient production structures and processes, and modernization. The machine tool plays a crucial role in all three aspects. It is expected that Chinese users will Investment will increase by 16% in 2013 and the increase will be even higher in 2014. "China's machine tool procurement will therefore continue to rise and it is expected to increase nearly 12% in 2013 to reach $38.1 billion. Almost every user industry is driving this market," Schaefer said.

The Hannover European Machine Tool Show (EMO) is the world's largest metal processing industry event. EMO2013 takes the theme of “smart production” and will be held in Hannover, Germany from September 16th to 21st next year. At that time, the manufacturers of manufacturing technologies will gather in all countries to showcase their metal processing products, solutions and services.

According to the organizers, Chinese machine tool companies attach great importance to the opportunity of displaying “Made in China”. As of November, 32 Chinese companies have signed up for exhibitions, which has more than doubled over the same period of last year.