VDMA Machine Tool and Production Systems Association
With some 73,500 employees and a production volume of just over 17 billion euros in 2018, the German machine tool industry ranks among the five largest specialist groupings in the mechanical engineering sector.
Although it constitutes only a comparatively small branch of industry, it plays an important role for macro-economic development worldwide. It supplies production technology for metalworking applications in all sectors, and makes a crucial contribution towards innovation and productivity enhancement in the industrial sector. The success of the machine tool industry is thus an important indicator for the dynamism and performative capabilities of the German economy, an indispensable motor for cyclical development and a significant driver of progress and technical innovation.
On an international comparison, too, both for production output and for exports, the German machine tool industry has for decades now been up with the front-runners. With a global market share of 17 per cent in 2018, Germany was in second place behind China and before Japan. A little less than 70 per cent of the production output, worth approximately 10.7 billion euros, was sold abroad.
The sector owes its performative capabilities not least to the decisiveness and flexibility of mid-tier entrepreneurs. Just over a tenth of the manufacturers have more than 1,000 employees, and around 51 per cent of the companies involved have a payroll of less than 250.
Association Activities with China
German machine tools manufacturers take their engagement in China, the world's largest market for machine tools, very seriously. Twice a year, the VDMA Machine Tool and Production Systems Association provides an opportunity to share experiences and define market-oriented information requirements at the so-called China Management Meeting. Through the VDMA liaison office in Shanghai there is a local representation in China.
Trade Fair Activities
German machine tool builders are well represented at trade fairs such as CIMT in Beijing or CCMT in Shanghai, both as individual exhibitors and as part of joint pavilions. For each event, the VDMA Machine Tool and Production Systems Association produces brochures in Chinese language that provide an overview of the German machine tool industry, bilateral trade with China and current topics like Industry 4.0 or umati. Chinese companies and trade fair visitors are also among the largest exhibitor and visitor groups at EMO Hannover, the world’s premier metalworking trade fair in Hanover, Germany.
Your Contact in Frankfurt:
Phone: +49 69 756081 0