11/10/10 – Cutting Tool Manufacturers see a recovery in 2010
11 October 2010
The manufacturers of cutting tools, clamping tools and manufacturing, measurement and testing technology recorded a significant increase in incoming orders in the first half of 2010. In the case of cutting tools, some companies estimate 2010 sales will return to the same level of those of 2008, where 2008 was the 15th consecutive growth year.
2008 was the 15th growth year in succession for this industry. Then precision tool companies suffered a fall in sales of 34% back in 2009. Now the industry is aiming restart the long-term positive development of the past.
The precision tools industry is benefiting from technical trends; energy-efficient motors and lightweight design of vehicles and aircraft. Exports to the USA, China and India have registered strong growth again in the first half of this year. Those companies that significantly reduced their stock in 2009 are finding demand creeping up again.
The positive development is also connected, to German companies level of investment level in comparison to sales, which is now paying off.
The manufacturers of cutting tools are benefiting from the trend for New fuel-efficient motors are the current trend for the latest vehicle models and automotive manufacturing industry. This requires the use of new tools in production.
Also the trend for lightweight design continues in the aerospace industry and electric mobility sector. There is and increase in the variety of materials used, such as compounds, titan, sintered metal or plastic and also the need to process such materials. The German tool manufacturers are leading this market as they are well known for allowing their customers to transfer the new materials into series production.
AMB Stuttgart 2010
The industry is also showcasing numerous new products at this year’s AMB. In this regard we must refer to our latest list of new items.
AMB Stuttgart is a notable event in the diary of the precision tool industry. In addition to the large sales market of southern Germany, the four important foreign export markets, France, Italy, Switzerland and Austria, are main attendees and exhibitors at AMB. AMB is also a platform for the cooperation between the VDMA, the German Engineering Federation, and AMB.