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Machine tools and machinery industry 2008 - 2020

Production and sales of machine tools below average compared to machinery industry

Symbol picture machine tools

Which differences show the development of production and sales of machine tools in comparison to the machinery industry in the years from 2008 to 2020?

Update November 12, 2021 - The production of machine tools and machinery industry show by and large a parallel course. There are two special features:


Machine tool production is below average compared with machinery industry. And the production declines are deeper for machine tools.Both features add up in the average rates of change.


For machinery industry they amount to -1.0% per year from 2011, the year the global economic crisis of 2008/2009 was overcome, to 2020.

Production of machine tools compared to machinery industry from 2008 to 2020.

n other words, machine tool production has underperformed the machinery industry in the nine years since the crisis was overcome.

Machine tools' sales below average from 2011 to 2020

The development of sales, like that of production, also shows a parallel development for machine tools and machinery industry.


Without the crisis, we can speak of an average sales development for machine tools compared with machinery industry. However, the crisis in 2020 is significantly deeper for machine tools.


Machinery industry shows a growth rate in sales of +0.3% per year from 2011 to 2020. Machine tools show a negative rate of change of -2.7% per year on average in the period.

Sales of machine tools compared to machinery industry from 2008 to 2020.

Foreign sales of machine tools show a slightly above-average development compared with machinery industry, but this is offset by sharper declines in 2019 and 2020.


Thus, foreign sales of machinery industry grow by 0.6% p.a. from 2011 to 2020 but those of machine tools decline by -0.5% p.a. over the same period.


Domestic sales of machine tools are consistently underperforming the machinery industry.

Domestic and foreign sales of machine tools compared to machinery industry from 2008 to 2020.

Production and sales of machine tools are generally in sync with the machinery industry but in crises they plummet much more sharply than the latter.


Only foreign sales of machine tools show a slightly above-average development compared with machinery industry, which is put into perspective by crises.


The flip side is consistently below-average domestic sales of machine tools, which twelve years later are still below the level of the pre-crisis year 2008, as is the case with machinery industry itself.

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