04 December 2022 
 
13 September 2022

Uncertainties and records in the machine tools market

Marketplaces like AMB 2022 always act as a barometer of industry sentiment and this is because technical details and commercial topics, such as faltering supply chains and delivery deadlines, will be discussed at the event in Stuttgart on 13–17 September 2022. The German Machine Tool Builders’ Association (VDW) provides a preliminary look at the market conditions and atmosphere.

Foto: Landesmesse Stuttgart GmbHFoto: Landesmesse Stuttgart GmbH
At AMB, product innovations from the machine tool industry take centre stage
Chip shortages, scarcity of materials, the unstable energy supply – these are challenges that are currently being faced across all manufacturing sectors. Nevertheless, current figures show that virtually all sectors of industry want to invest in new machinery and metalworking equipment. Despite the dip in incoming orders from the German machine tools market in 2020, an astounding growth of 40 per cent was recorded between January and May of this year. As a result, levels have almost returned to the record achieved in 2018.

The booming electronics sector, the reinvigorated aviation industry, the trend towards e-mobility, investments in the environment and energy sectors, and the sharp increase in state military budgets as a result of Russian war in Ukraine have all contributed to these orders. Furthermore, VDW market experts expect that the demand for production technology in the automotive and components supply industry will increase once more in the coming year as the chip shortage situation gradually improves. The next opportunity to measure sentiment will be afforded to participants at AMB 2022, which will take place on 13–17 September 2022 in Stuttgart.

However, the bad news is that delays in delivery times are likely to continue into the coming year as a result of delivery bottlenecks. This will also have an impact on numerous components used in and around machine tools. According to the German Federal Statistical Office, the machine tool industry has an order book of approximately 12 months. As a result, production will only see limited growth this year: An increase of seven per cent is forecast for the summer. If interactions in the supply chains gradually become smoother again, the industry should see a year of strong growth in 2023.

Feeling the effects of the Ukraine war and the China lockdown

In June, the situation was considered “good” by the majority of German capital goods industry companies surveyed for the ifo Business Climate Index, though expectations for the next six months continued to be moderately negative on balance. It is clear that the consequences of the Ukraine war and the China lockdown are still being felt.

In the time since the start of the Russian war of aggression against Ukraine, Oxford Economics – an English economic research institute – has forecasted a decline in the global economy. Market observers now expect the 2022 global gross domestic product to grow by 3.1 per cent and industrial production to grow by 3.4 per cent amidst the continued stress on supply chains and high material and energy prices; figures which fall below the expectations from spring this year.

The economic indicators – the Purchasing Managers’ Index and business climate indicator – are also showing signs of a slowdown in the immediate future. The global Purchasing Managers’ Index (PMI) fell to a 22-month low in June. However, it is still above the 50 mark, which – when exceeded – indicates growth. There have been positive signs from China, where the Index left the recession zone after five months, climbing to 51.7 points. Markets such as Japan, South Korea and India also remained in the growth zone despite a weakening in momentum. The PMI for the eurozone also fell to a 22-month low. Germany lost almost three points, hitting the European average of 52 points. The Index also declined in the US. The industry performed particularly well in the Netherlands (55.1) and Switzerland (59.1). In contrast, the situation was tense in Poland (44.4) and Turkey (48.1).

The much-discussed disruption to the gas supply also serves to demonstrate that we are living in a time of uncertainty and therefore the risks are very high. It is very difficult to calculate the effects that a shortage of natural gas may have on the industrial supply chain; however, upheaval is inevitable and the aftershock of this will definitely also have an impact on the demand for machine tools. For this reason, the VDW recommends that companies are commercially prudent and make preparations for a potential significant downturn.

VDW activities at AMB

This year, the VDW will once again participate in the AMB by hosting several activities, such as the German Foundation for Young Talent in Mechanical Engineering’s (NWS) special stand for young people in the foyer of the east entrance of the exhibition grounds, where young industry professionals can meet under the tagline “Do something with the future – your opportunities in mechanical engineering”.

The fact that data-based business models are becoming increasingly important for the industry is also demonstrated by VDW’s activities in support of a uniform language for machine tools and components: umati, which is based on OPC UA, makes it a lot easier to connect machine tools and production-related IT systems. Background information and answers to questions will be provided at umati@AMB2022 in Halle 10, stand A75, and at the “Digitalisation, Networking and Connectivity (umati)” theme day on Friday, 16 September at the AMB Trend Lounge in the foyer of the east entrance / ICS conference center.


More news about "AMB":


2 August 2022

AMB 2022: meeting point for trade partners

The metalworking industry will meet in Stuttgart from 13 to 17 September 2022 at AMB 2022, where business partners from all over Europe will gather once again. A very good reason to get to know the trade partners of more than 100 exhibitors from the VDMA “Precision Tools” and “Measuring and Testing Technology” trade associations. (more…)


24 September 2020

WindEnergy Hamburg from 1 to 4 December 2020 goes digital

WindEnergy Hamburg, the leading global trade event, will not be held on the Hamburg exhibition campus this year. Instead, Hamburg Messe und Congress plans to host a fully digital event in response to the coronavirus pandemic and its global impact on trade fairs and international travelling. (more…)



27 June 2018

AMB Iran still on course

135 exhibitors, including 32 German companies, from 13 countries are coming to Tehran for the third edition of AMB Iran from 26 to 29 June 2018. In spite of the termination of the Atomic Agreement by the USA and the threat of sanctions, AMB Iran is still on course. (more…)


25 June 2018

AMB 2018 with more exhibition space

The next edition of AMB, which will take place on 18-22 September 2018 in Stuttgart, features more exhibition space, even more exhibitors and solution-based offers relating to the megatopic of digitalisation. More than 1,500 exhibitors will present their developments on 120,000 square metres. (more…)


17 May 2018

POST-EXPO to come back to Hamburg

It was at the Hamburg Messe und Congress fair complex that the POST-EXPO was inaugurated in 1997. And this year from 9 to 11 October, the global event for the world’s postal, parcel and express business will again be Hamburg’s guest. (more…)


19 April 2018

AMB 2018: tablet instead of an oil can

Demographic change has arrived in production halls and big companies are frequently grabbing the best people during this good economic situation. However, there are many positive examples of how good trainees can be found in times of scarce personnel. Some exhibitors at AMB will show what can be done. (more…)


7 March 2018

Ambiente 2018 more international than ever

At this year's Ambiente, trade visitors from more countries than ever before spent their time networking and ordering the latest products from all over the world for their companies. They also obtained worthwhile stimuli for a digital future. (more…)


11 January 2018

New special show “Digital Way” at AMB 2018

AMB 2018 takes the digital path: By staging the "Digital Way" special show during AMB, the organizers want to "make the metal cutting industry even more aware of this topic and take account of the high demand for information," stresses Ulrich Kromer von Baerle, CEO of Messe Stuttgart. (more…)

 

FAIR NAVIGATOR
METALS / TOOLS
MORE EVENTS

E-PAPER AMB

NEWSLETTER
Stay up-to-date: Subscribe to our exclusive newsletter "Metals / Tools" and keep an eye on international trade fair business - free of charge, once per month.
Your email address:
 
© 2018 by Connex AG