We have just returned from Australia, where we helped European and international SMEs and clusters find new business opportunities during the CeBIT Australia 2018 trade fair. This world-renowned 3-day fair brought together the leading companies and specialists from the ICT and Business Technology industry. You can check out all of the photo highlights on the Business Beyond Borders official Flickr account!
But we’re about to go beyond borders again. Next up is our event at AMB Iran 2018, the leading international exhibition for metalworking and metal-cutting technologies. Taking place in Tehran, Iran from 26 to 29 June, AMB Iran welcomes more than 5,500 visitors and 202 exhibitors each year.
Keeping up with our pre-event traditions, this week we’re bringing you some top facts about the EU Metalworking and Machine tools industry:
An export industry of 20 billion euros 
CECIMO, the European Association of Machine Tool Industries, indicated in their latest Statistical Toolbox that the export volume in 2017 between CECIMO members reached 20 billion euros, recording a 9.5% growth rate. This values can be explained by an increase in exports to all regions: e.g. exports between European countries grew by 9% over 2017, accounting for 52% of total exports. Similarly, exports to Asian market grew by 11% over 2017, accounting for 24% from total exports.
Turnovers of 25.8 billion euros 
2017 has been a great year for European machine tools manufacturers. There was a 6% increase in production output, following a slight decline in 2016. This increase reached 25.8 billion euros turnover. It also points out to the leading position of European machine tools builders on the global scale as they remain capturing 37% of global market share. In comparison, China and Japan hold 21% and 16% of market share respectively.
An industry employing 36.2 million people 
This sector employed 36.2 million people in 2017, out of which 32.6 million have manufacturing roles. The highest growth in employment rate was registered in Estonia, with a 2.9% improvement rate.
A sector tailor-made for a BBB matchmaking event
More than 80% of the enterprises in the Metalworking and Machine Tool sector are SMEs . This sector is mostly comprised by family-owned businesses, where 95% employ less than 50 people and 80% less than 10 employees .
Don’t forget to register for the next Business Beyond Borders matchmaking event for SMEs and Clusters at AMB Iran 2018: http://amb-iran2018.talkb2b.net/
O. Chilat, “CECIMO ECONOMIC AND STATISTICAL TOOLBOX,” 2018. [Online]. Available: http://www.cecimo.eu/site/fileadmin/Statistical_toolbox/CECIMO_Statistical_Toolbox_3_2018.pdf.
CECIMO, “CECIMO – WHERE MANUFACTURING BEGINS,” CECIMO, [Online]. Available: http://www.cecimo.eu/site/about-us/.
Orgalime, “Metalworking & Metal Articles,” Orgalime, [Online]. Available: http://www.orgalime.org/page/metalworking-metal-articles.