German Machine Tool IndustrySignificant decline in Production expected for 2025
"The German machine tool industry considers itself to be very well positioned in international competition, despite the numerous challenges," reported Franz-Xaver Bernhard, Chairman of the VDW (German Machine Tool Builders' Association), Frankfurt am Main, at the association's annual press conference.
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The customer structure of the German machine tool industry: Mechanical engineering overtook the automotive industry as the largest customer group for the first time in 2023 © VDW