The Machine tool industry is the backbone of modern manufacturing. Machine tools enable the production of other industrial equipment and machinery – they are the starting point of almost every metal manufacturing activity. The industry is concentrated on customised and small-scale production of high-precision machines, machines that produce various goods from bicycles to planes, from watches to computers. It is not too much to say that machine tools have a fundamental impact on the productivity and competitiveness of the entire European manufacturing industry. In short, the machine tool industry is a key enabling sector in Europe.