In terms of imports/exports, the equipment for mechanical engineering and industry sector is thriving in Europe. To be sure, this global outlook varies depending on the subsector concerned. For all that, in certain industries, such as machine tools, things are looking bright once more for European businesses. Read on.
Europe, a leading export market. According to a report published in May 2015 by the European Association of the Machine Tool Industries (CECIMO), the outlook is positive for 2015. In fact, alongside that of the US, the European market is considered to be the most promising in this respect. Meanwhile, orders are set to fall off in Asia as a result of lower investment in the manufacturing industry. Similarly, export prospects are down in Russia and in the Commonwealth of Independent States (CIS) following sanctions imposed by the EU. In France, the market is also driven by exports, as observed by Cisma (Association of Equipment Manufacturers for Construction, Infrastructure, Steel and Handling Equipment Industries).
European importers optimistic. The European Liaison Committee for Machine Tool Importers (CELIMO) is equally optimistic, having pointed out in its second 2014 quarterly trends survey that the market has increased 3.5% versus the first quarter 2014. These excellent figures effectively convey the renewed investment in Europe’s manufacturing industry, especially in countries such as Belgium, France, the Netherlands, Spain, Switzerland and Turkey.
For more details on this subject, refer to our interactive map of searches performed in the field of mechanical engineering and industry equipment. The top 3 countries that seek partners in France are Italy, Spain and Germany.