Industria meccanicaMacchine utensili > Produzione ed affari dei macchine utensili

Machine tools and machinery industry 2008 - 2016 H1

Production of machine tools developing below average compared to machinery industry while growth expectations are above average

Which differences does the development of production and sales of machine tools indicate in the comparison to the machinery industry in the last eight years from 2008 to 2016? Which growth expectations of the machine tool-builders show up until 2018?

Update August 23rd, 2016 - The production of machine tools indicates four special features in the comparison with the machinery industry.

Larger dynamics of production flow into development below average

During crisis and its overcoming machine tools develop more dynamically in both directions than machinery industry.

The crisis setback occurs faster and more deeply and lasts longer to 2010 than in machinery industry. Then in the phase of crisis overcoming production rises more steeply as the chart confirms for the years 2011 to 2012.

Machine tools indicate this dynamics in both directions compared to machinery industry even in earlier economic crises.

Production of machine tools compared to machinery industry from 2008 to 2016 first half-year.

With the year 2013 production loses its dynamic character flowing into a flat course, does not grow any longer but stagnated – as machinery industry too.  

Both, machine tools and machinery industry, do not exceed their pre-crisis level to 2015.  

The chart also confirms production of machine tools developing steadily below average. This far-reaching fact refers to various factors, which are not further highlighted by this report such as longer useful life and stagnant or sinking new use of machine tools in the machinery industry and the automobile industry, the two most important markets for machine tools.

Average sales development results from different course of domestic and foreign sales

Sales showing the same dynamics in both directions in crisis periods as production. In contrast to production sales flows into an average development starting from 2013, which slightly exceeds the pre-crisis level in 2015.

Sales of machine tools compared to machinery industry from 2008 to 2016 first half-year.

Sales’ average development starting from 2013 consist of above average foreign sales and below average domestic sales as the following chart shows.

Domestic and foreign sales of machine tools compared to machinery industry from 2008 to 2016 first half-year.

The exports of machine tools are more strongly focused on growth markets than those of the machinery industry, a separate report will highlight in more detail.

Machine tool-builders showing growth expectations to 2018 slight above average

Finally we look at the growth expectations of the machine tool-builders until 2018 in the comparison to the machinery industry.

The growth expectations refer to machine production. They are with 4.2% per year until 2018 slight over those of the machinery industry with 3.7%. This is the result of a market survey carried out by Quest TechnoMarketing in 2015 covering over 230 machine-builders.  

Unisono with the entire machinery industry a strong third of the machine tool-builders (37%) does not expect any growth of machine production to 2018.

Growth expectations of machine tool-builders compared to machinery industry to 2018.

The long lasting below average development of production coins clearly also the growth expectations. The shares of machine tool-builders expecting growth under 10% per year, are clearly below the related shares in machinery industry. Expectations regarding decrease of production are with 8% almost three times higher than in machinery industry.

However, the shares of machine tool-builders expecting an annual growth of 10% and more outperform those in machinery industry. Obviously above average expectations coming into effect that are based on more growth-intensive export markets for machine tools.

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