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According to the European Machine Tool Manufacturers Association, there has been no clear signal in recent months that the machine tool industry has entered a stable recovery phase. Currently, most end-user industries have capacity utilization rates below 70%. According to the European Machine Tool Manufacturers Association, in order to achieve a recovery in the European machine tool industry in a short period of time, it is necessary to take the road of technological innovation and require users to choose technologies that are more energy-efficient, precise and environmentally friendly.
Asia has become the main market for machine tool consumption in the world. In 2009, China's machine tool consumption accounted for one-third of the world's total consumption. According to the European Association of Machine Tool Manufacturers, its member associations have been aware of this trend and are actively guiding and promoting the development of trade between the two sides.
According to the European Machine Tool Manufacturers Association (CECIMO), the value of European machine tools will fall 37% year-on-year to 15.5 billion euros in 2009.