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Machine tool industryVDW cautiously optimistic for 2016

Despite a new record result for machine tool production in 2015, the VDW is cautiously optimistic about the new year. The association recently presented how the industry figures are developing and where the market potential lies for German manufacturers.

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Machine tool market Mexico
© Statistisches Bundesamt, VDW, Importstatistik Mexiko
... Mexico, largely driven by the automotive and aviation industries. Mexico's machine tool consumption rose by 85% between 2010 and 2014. At around 1.5 billion euros, Mexico is now one of the largest machine tool markets in the world, according to the VDW. Germany is the third largest supplier with a share of 14%. Since 2011, German exports have climbed by more than 250%. Also promising for the German machine tool industry is ...
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