Study on the Competitiveness of the European Machine Tool Industry

29 January 2013

The European machine tool industry represents more than a third of the global machine tool production worldwide. Europe is a leader both in market share and in technology in this strategic key enabling sector. However, in order to remain competitive in a globalised business environment, the European machine tool industry must tackle important challenges regarding training and retaining a highly-skilled workforce, understanding and reacting to the growth of the Asian industry, and living up to the speed of an ever-increasing race to innovation.

Based on the need for a holistic view of today’s state of the industry, CECIMO produced a comprehensive ‘Study on the Competitiveness of the European Machine Tool Industry’. This Study underlines the strategic importance of the industry in Europe, examines the new challenges that have emerged in the post-crisis period and most importantly, makes key recommendations for enhancing the competitiveness of the European machine tool industry in the globalisation era.