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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 production in Germany in a year-on-year comparison
© Statistisches Bundesamt, VDW
In 2015, the German machine tool industry produced machines worth 15.1 billion euros. This corresponds to a growth rate of 4%. "This is another record result after 2013," says VDW Chairman Heinz-Jürgen Prokop. With an export ratio of around 70% and export growth of 4% to around 9.4 billion euros, exports contributed more to the overall result than domestic consumption. Contrary to the VDW's expectations, exports went particularly well ...
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