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As per Usoz, there is a displacement of demand for machine tools from Asia towards America

Market Spain’s machine-tool sector has grown up by 3.4% in 2015

Feb 1, 2016

With figures that are still provisional, Spain’s machine tool and advanced manufacturing technology sector has slightly increased its turnover in 2015, by 3.4%.The global data indicate that increase in this figure has been driven by metal cutting, which has increased by 4.6%. Metal forming, however, has dropped slightly, by 0.16%, practically maintaining 2014 figures. Components have also dropped by 7.9%, driven by the situation in China, but the other subsectors, other machines (+9.5%), tools (+6.7%), accessories (+5.6%) & machining (+6.3%), have improved with respect to 2014. According to Antxon López Usoz, President, AFM, the international situation has still been undergoing a strong transformation. “Over the last few years, we have seen a displacement of the demand for machine tools from Asia towards the American continent, with Europe investing more cautiously. Thus, whilst USA, Canada and Mexico offer stable growth perspectives, in Europe, France, Italy and the United Kingdom, together with the Spanish market, there is a slight increase,” he said.

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