Brief introduction to the main market of German machine tool exports

According to the German Machinery and Equipment Association (VDMA), the number of lathes exported from Germany to the threshold countries has increased by 14% in the past five years. Among them, exports to Eastern European countries increased significantly. In 2006, exports to Russia increased by 57%, exports to Slovakia increased by 51%, and Romania increased by 40%. The above figures fully illustrate the importance of the Eastern European market, which is no longer just a production site, but also a profitable sales market. The most gratifying thing is that this market is at the gate of European machine tool manufacturers.

Another major market for German machine tool exports is Asia. Since 2003, global demand for machine tools has continued to rise. The demand for machine tools in the Asian market continues to grow at a high rate, which makes the supply of German machine tools in short supply, and the market for machine tools is expanding. The main increments are from China, India, South Korea and Taiwan. In addition, Europe played a certain role in promoting in 2007, and the demand in the European market increased significantly in 2006.

Since more than half of Germany's machine tools are exported to other European countries, it has a pivotal position in the international machine tool industry. Domestic investment in the production materials industry is growing, and the business climate is stable. The consumer industry had an intention to increase equipment investment in 2007, and the performance of the machine tool manufacturing, electrical engineering and automobile manufacturing industries was particularly active. The investment in the automotive industry and its suppliers is even more staunch. Finally, the European Machine Tool Show, as an international metalworking exhibition in the industry, was successfully held from September 17 to 22, 2007. The innovative technologies and products introduced at this exhibition have greatly contributed to the investment. Many exhibitors attending the European Machine Tool Show said that due to the positive investment environment, the contracts signed at the exhibition were much higher than expected, and the post-show business activities benefited from Zhongda.

In short, in terms of positive factors in all aspects, it is expected that the German machine tool industry will take off again and re-cast.

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