The European machine tool sector is highly competitive on the global market. Emerging countries in Asia and South America demand European high-tech and productive machine tools to develop their local industries. Europe is the leading machine tool exporter in the world: CECIMO accounts of 49% of global machine tool exports. In 2014, CECIMO’s exports reached to 18.1 billion euro and the trade surplus was of 9.3 billion euro. The difference between exports and imports in 2014 was almost two times as much as a decade ago.
The quickest growing markets for machine tool builders remain in Asia and South America. Therefore, the future of the European machine tool sector depends on their performance on those markets. Globalisation and internationalisation poses additional risks for entrepreneurs. Policymakers can lessen the uncertainty presented by entering into new markets with creating international rules of trade and supporting bi- and multilateral agreements. The European machine tool sector stands for an open and fair trade that gives all parties equal opportunities and respects intellectual property rights.