Positive 2022 outlook for cutting tools market

February 23, 2022

The ECTA reports a positive outlook for the cutting tools market in 2022 (Courtesy ECTA)

In January 2022, Markus Horn, European Cutting Tools Association (ECTA) president, gave a press conference on the economic situation for European cutting tools manufacturers, sharing a positive outlook for the coming year and stressing the need for an expansion of green energy incentives.

The European tooling industry as a whole reportedly increased international deliveries of tools by approximately 20%; 60% of all deliveries were within EU countries. Deliveries to the regions impacted by Brexit increased by only 10%. For ECTA member countries, the top non-EU purchaser, the USA, grew 25%; China, however, only saw a 9% increase.

“The economic situation in the ECTA member countries has recovered, to some extent, over the year until now, albeit with varying degrees of momentum. Despite supply chain issues and the pandemic, toolmakers are mostly optimistic about the future,” Horn stated.

Markets in ECTA countries

Horn considered the situations in Italy and Germany are similar due to the slowing of car production. Thanks to quick capital goods write-offs in Italy, however, investment was supported and the tool business performed well.

Spain recorded a strong recovery, particularly in the first half of 2021. The semiconductor shortage and rising electricity costs, however, saw production stagnate, particularly that of the automotive industry.

Switzerland is said to be seeing the strongest development within the ECTA group, with nearly all industries reporting an increased tooling demand.

In France, the aerospace industry is slowly reviving. Production in the French automotive industry was said to be stable.

In the UK, homemade logistics problems were thought to have dampened the recovery of the manufacturing industry. Here, car production was also substantially lower than a year earlier.

The importance of industry events

One issue faced by the industry as a whole, Horn stressed, was the relative lack, or scaled-down nature, of events and trade shows due to COVID-related regulations.

He noted the following upcoming events as important to the industry:

  • AMB Stuttgart: The International Exhibition for Metal Working – September 13–17 (Germany)
  • IMTS (International Manufacturing Technology Show) 2022 – September 12–17 (Chicago, Illinois, USA)
  • JIMTOF (Japan International Machine Tool Fair) 2022 – November 8–13 (Tokyo)

He also invited industry members to join the recently rescheduled ECTA conference. This will now take place June 30–July 2, in Rüschlikon, Switzerland, at the invitation of member association SwissMem. Registration is now open.


In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link