Research and Markets: Machine Tools Market in Germany 2015-2019

The machine tools market in Germany to grow at a CAGR of 5.10% over the period 2014-2019.

This report covers the present scenario and the growth prospects of the machine tools market in Germany for the period 2015-2019. To calculate the market size, it considers the revenue generated from the sales of metal cutting machine tools, metal forming machine tools, and tool accessories. This report does not provide the market share of vendors; it lists only the key vendors in the market.

The major shift of end-users and vendors of machine tools to emerging economies, especially to APAC countries such as China and India, will be a major threat to the existence of local vendors in Europe. Major end-users, like the automotive industry, are moving toward setting up facilities in APAC to cater to local and export markets; this has forced major vendors of machine tools to set up facilities in APAC.

According to the report, awareness of the high quality of machine tools manufactured in Germany and their technological capabilities is making them more attractive to countries like China and US. The European machine tool industry, along with the German machine tool industry, organizes many trade shows, like the bi-annual EMO Hannover, to attract and showcase the technologies and feature additions made by German machine tool manufacturers.

Further, the report states that the sudden slowdown in the economy of a number of countries around the world, due to a variety of factors, has the potential to affect all sectors, especially the manufacturing sector.

In terms of product, the market is segmented into three: metal cutting, metal forming, and tool accessories.

Key vendors

• DMG MORI SEIKI
• Schuler
• TRUMPF Group

For more information visit http://www.researchandmarkets.com/research/5xzw5b/machine_tools

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Sector: Machine Tools