Global Machine Tool Industry back to pre-pandemic levels

  • Growing by around 12% in 2022, global Machine Tool (MT) consumption reached 77,9 billion EUR, around 5,8% above pre-pandemic 2019 levels.
  • World MT production in 2022 reached the level of about 79,5 billion EUR (55,94 billion EUR in Metal cutting sector and 23,53 billion EUR in Metal forming sector). This reflects an increase in total MT production at the global level of around 12% compared to 2021, and around 7,9% higher compared to 2019.
  • Production in the CECIMO countries reached the level of more than 25 billion euros in 2022.