Worldwide demand for machine tools is projected to climb 5.5 percent per year through 2019 to $181 billion. Gains at the global level will be largely driven by market growth in China and other developing nations, where demand for durable goods is expected to post the strongest increases. This will result in additional investment in
European Union occupies top position in the global automation race By 2019, more than 1.4 million new industrial robots will be installed in factories around the world – that’s the latest forecast from the International Federation of Robotics (IFR). In the race for automation in manufacturing, the European Union is currently one of the global
Even after 125 years, Heinz-Jürgen Prokop from the VDW still sees huge potential for markets, products and services   “From a position of strength, the German machine tool manufacturers have to utilise the changes in the markets, among the customers, in the technology, and in the products themselves, in order to generate new opportunities for