2025 VDW Annual Press Conference Insights
Discover key information from the 2025 VDW Annual Press Conference in Frankfurt. Learn about the trends in machine tool production in Germany, exports to top trading partners, and the outlook for the industry in 2025.
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Presentation Transcript
Welcome to the VDW Annual Press Conference 2025 Frankfurt am Main, 20th January 2025
Machine tool production Germany Production to fall by 4 percent in 2024 EUR billion, domestic production* Foreign share of machine production in 2023: (excluding parts/accessories, installation, repair and maintenance) 18 16 +9% -4% Foreign production 26.1%, EUR 3.76 billion +10% 14 +6% -29% 12 10 8 6 4 Domestic production 73.9%, EUR 10.63 billion 2 14.1 10.1 9.7 12.8 14.1 14.5 14.4 15.0 14.9 15.9 17.0 17.0 12.1 12.8 14.1 15.4 14.8 0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24e Note: 2024 estimate based on preliminary data *Machine tools incl. parts/accessories, installation, repair and maintenance Sources: Domestic production Federal Statistical Office, foreign production VDW survey VDW | Annual Press Conference | 20.01.2025 | Seite 2
Machine tool exports Germany USA and India with high growth rates Top-10 Trading Partners, Jan-Oct 2024, EUR million Rate of change 2024/24 in % USA 1,424 +20 China -12 1,218 Italy -38 338 Switzerland -10 332 France -10 331 India +36 252 Austria -30 250 Jan-Oct 2024/23: Mexico -1 Europe: -16% 246 Americas: +17% Poland -33 241 Asia: -1% T rkiye -8 231 Total exports until Oct. 2024: EUR 7.5 billion, Rate of change 24/23: -5.2% Note: Machine tools incl. parts/accessories; Sources: Federal Statistical Office, VDMA, VDW VDW | Annual Press Conference | 20.01.2025 | Seite 3
Machine tool industry Germany order intake Weak demand in all triad regions Incoming foreign orders by region, 1-3Q 2024/2023: Index, nominal, 12-month moving average and 3-month moving average 180 160 Europe -34 140 120 100 Americas -27 Jan-Nov 2024/23: Order intake: -22% Domestic orders: -10% Foreign orders: -27% 80 60 40 Asia -30 20 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Note: Index basis sales 2021=100, data up to November 2024, sources: Monthly order intake statistics VDMA, VDW VDW | Annual Press Conference | 20.01.2025 | Seite 4
Machine tool production Germany Double-digit decline in production expected in 2025 EUR billion 18 16 +9% -4% +10% 14 -10% +6% -29% 12 10 8 6 4 2 14.1 10.1 9.7 12.8 14.1 14.5 14.4 15.0 14.9 15.9 17.0 17.0 12.1 12.8 14.1 15.4 14.8 13.3 0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24e 25f Note: 2024 estimate based on preliminary data; 2025 forecast according to Oxford Economics, January 2025 Sources: Federal Statistical Office, VDW VDW | Annual Press Conference | 20.01.2025 | Seite 5
Machine tool export Germany Almost half of all exports go to Europe Share of German machine tool exports, Jan-Oct 2024, in % Africa, Australia 1.3% Rest of Asia 8.0% India 3.3% Europe 46.4% China 16.1% Rest of America 6.0% USA 18.9% Note: Machine tools incl. parts/accessories; Sources: Federal Statistical Office, VDMA, VDW VDW | Annual Press Conference | 20.01.2025 | Seite 6
Machine tool industry Germany Customer structure Mechanical engineering overtake automotive industry as largest customer group Share of production value in 2023 Share of production value Medical Technology 2.0% 35% Energy 2.0% Others 8.1% Rail vehicle construction 2.4% 30% 30.1% Mechanical engineering 30,1% Precision mechanics 3.0% 25% Metals 4.9% 20% 17.2% Electrical engineering 5.6% 15% 10% 10.0% Aerospace 6.0% Mechanical engineering Suppliers for automotive industry 5% Automotive and suppliers* 27,2% Automotive industry Metal products 8.7% 0% 2011 2013 2015 2017 2019 2021 2023 *Automotive: 10.0%, Suppliers: 17.2% Note: Distribution of German machine tool production by customer industries 2011 to 2023 Source: VDW customer structure survey 2023 (survey of member companies) VDW | Annual Press Conference | 20.01.2025 | Seite 7
Thank you for your attention! Frankfurt am Main, 20th January 2025
