Press Releases

Which highlights are definitely a must-see for visitors to GrindingHub 2024? The answer came from 14 exhibitors at an exclusive preview on March 21. They showcased their newest products and innovations to around 30 international trade journalists – around eight weeks before the major exhibition for the grinding technology sector opens its doors in Stuttgart from May 14th to 17th.

Sector remains world export champion, America was market with largest growth

Frankfurt am Main, 19 March 2024. – Last year, the German machine tool industry sold machines including parts and accessories to the value of EUR 9.5 billion abroad. That was 9 percent more than in 2022. "This means we have defended our title as world champion ahead of China and Japan," says Dr. Markus Heering, Executive Director of the VDW (German Machine Tool Builders' Association), Frankfurt am Main, commenting on the result.

Within the triad of Europe, America and Asia, exports to America grew the fastest, increasing…

The Machine Tools Innovation Awards aim to recognise projects that have a positive impact on the machine tool ecosystem and are open to all European players that drive our sector forward, highlighting achievements in manufacturing.

GrindingHub is set to open its doors for the second time to grinding experts from all over the world from 14 to 17 May 2024. Over 460 exhibitors from 31 countries will be presenting their latest grinding technology solutions in Stuttgart – now in four exhibitions halls for the first time.

USA supersedes China as strongest export market

Frankfurt am Main, February 23, 2024. – The production in German forming technology, one of the most important segments in the machine tool industry, declined in 2023 by a marginal 2 percent to around 2.3 billion euros. “This means that forming – which realizes its turnover in large-scale projects with automotive and other industries as well as with many smaller clients in the sheet metal machining sector – was almost able to maintain its output in spite of a slacking in demand,” commented Dr. Markus Heering, Executive Director of the German…

Orders received by the German machine tool industry in the fourth quarter of 2023 were 17 percent down on the previous year’s figure. Orders from Germany fell by 20 percent whereas those from abroad dropped by 15 percent. Demand increased by 11 percent in nominal terms in 2023 as a whole. Domestic demand was down 14 percent, while foreign demand was 9 percent lower. In real terms, there was a 16 percent decline in demand over the year as a whole.