World’s fourth largest manufacturing and automation technology exhibition METAV 2004 on June 15 to 19 held in Düsseldorf, Germany. In the first half of 2004 global economic situation for the better under the influence, METAV 2004 atmosphere, than the 2002 exhibition, held last big difference. This exhibition is a total of more than 1,000 exhibitors displayed the latest products and technologies, attracted participants from 32 countries to visit more than 60,000 spectators; in more than 6,000 overseas buyers, one-fifth came from outside Europe many of them from Asia.
This exhibition sales atmosphere, good show this year, the German machine tool manufacturing industry is expected to enter the growth phase. Basel Walter Wissler & Partner by the company on-site survey, 45% of visitors said they would end the show or exhibition later time under a single order, that the industry generally optimistic about the market.
In this exhibition, the machine tool industry and precision machine tools industry, the largest exhibition area, indicating that these two industries are particularly optimistic about the prospects for development. Since the second half of 2003, the German machine tool orders have been turned up even reached double-digit growth. However, VDW that the recovery of the German machine tool industry, the main benefit of foreign orders, domestic orders rebound is still insufficient. In the first quarter, the German machine tool orders for the overall increase of 24% over last year, which increased by 32% of overseas orders, domestic orders increased by 11%.
Some exhibitors said that China, Japan, South Korea’s demand is particularly strong in the first quarter of this year the German machine tool sales growth of 14% over last year, mainly to benefit from demand in Asia. China has overtaken the U.S. as the most important German machine tool buyers, but also the most important global machine tool market. In addition, in Austria, Spain and Russia, demand growth will drive the German machine tool exports.
According to VDW analysis, the recovery of domestic demand, usually at six months after the recovery of foreign demand will be reflected in the automobile industry, mechanical engineering industry and electronics industry will increase demand for machine tools. VDW is expected this year, the German machine tool production will grow by 4% to 9.4 billion euros.
Looking ahead to 2005, VDW machine is expected to yield will continue higher, mainly by automobile, metal and machinery industry, the production of demand-pull. In addition, it was predicted that next year’s European investment will increase by 6%, while countries outside Europe, investment will increase by 7%, machine tool industries which will lead to more powerful driving force.
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