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In contrast, according to the American Machine Tool Distributors Association and the American Manufacturing Technology Association, orders for US machine tools and related equipment reached US$607 million in September this year, an increase of 22.9% from August's US$461 million, compared to September 2010. Orders increased by 51.9%. From January to September 2011, the US machine tool industry added orders of US$4.074 billion, an increase of 91.9% over the same period in 2010.
In Germany, according to VDW statistics, in the third quarter of 2011, the new orders of the German machine tool industry showed some slowdown after the strong growth at the beginning of the year. Despite this, German machine tool orders increased by 74% from January to September 2011. According to Wilfried Schfer, executive director of VDW, orders for the German machine tool industry have performed well this year, but the growth rate has declined quarter-on-quarter, especially in the third quarter.
In October, the capacity utilization rate of the German machine tool industry reached 95.5%, a significant increase from the 75.4% in October 2010. At the same time, from January to September, German machine tool production increased by 36% year-on-year. According to VDW, German machine tool production will increase by 33% year-on-year in 2011, which is better than previous expectations.
Despite this, VDW members have lowered their growth expectations for the coming months. Given the continuing uncertainty in the current financial markets, especially as the European debt crisis continues to spread, companies are expecting dim prospects in the coming months. Sch fer pointed out that these external factors have been superimposed on the trend of normal cycle demand. But these effects are different for different machine tool builders. For companies that produce custom machines, the development of the company will be relatively stable due to the long production cycle and the main products used in the automotive, energy and aircraft manufacturing industries.
CECIMO pointed out that the current financial market situation poses a threat to the development of the manufacturing industry. Because banks will not be able or willing to lend to machine tool manufacturers and their downstream industry users. Insufficient funds will cause serious damage to the development of the industry.
Despite this, since the beginning of 2010, European machine tool orders have seen strong growth, and this situation continued until 2011, laying the foundation for CECIMO's overall production growth. At present, the output value of European machine tool manufacturers has increased by 4.1 billion euros (about 5.5 billion US dollars) compared with 2010. It is estimated that the total output value of 2011 will reach 20.7 billion euros (about 15.5 billion US dollars), and the growth rate is about 25%.
European machine tool manufacturer issues industry slowdown warning
Due to speculation that the European economy may experience a recession, two recent industry reports have pointed out that there will be signs of a slowdown in machine tool sales in Europe. The German Machine Tool Manufacturers Association (VDW) pointed out in the report that the demand faced by its member companies has recently dropped significantly compared to the strong growth in the first half of this year. At the same time, the European Machine Tool Manufacturers Association (CECIMO) also pointed out that the terrible prospects in the financial sector have cast a shadow over the positive results of the world's top machine tool exhibition EMO. Uncertainty in financial markets has spread to the industrial sector and is likely to affect the growth rate of the industry in 2012.