Over the recent five years, European machine tools production increased somewhat steadily until the coronavirus pandemic hit. In 2020, the total machine tools production in Europe generated only 21 billion euros in economic value.
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Global production value of machine tools from 2015 to 2020, by region
(in billion euros)
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VDW. (June 14, 2021). Global production value of machine tools from 2015 to 2020, by region (in billion euros) [Graph]. In Statista. Retrieved June 26, 2025, from https://www.statista.com/statistics/1198651/world-production-of-machine-tools-region/
VDW. "Global production value of machine tools from 2015 to 2020, by region (in billion euros)." Chart. June 14, 2021. Statista. Accessed June 26, 2025. https://www.statista.com/statistics/1198651/world-production-of-machine-tools-region/
VDW. (2021). Global production value of machine tools from 2015 to 2020, by region (in billion euros). Statista. Statista Inc.. Accessed: June 26, 2025. https://www.statista.com/statistics/1198651/world-production-of-machine-tools-region/
VDW. "Global Production Value of Machine Tools from 2015 to 2020, by Region (in Billion Euros)." Statista, Statista Inc., 14 Jun 2021, https://www.statista.com/statistics/1198651/world-production-of-machine-tools-region/
VDW, Global production value of machine tools from 2015 to 2020, by region (in billion euros) Statista, https://www.statista.com/statistics/1198651/world-production-of-machine-tools-region/ (last visited June 26, 2025)
Global production value of machine tools from 2015 to 2020, by region (in billion euros) [Graph], VDW, June 14, 2021. [Online]. Available: https://www.statista.com/statistics/1198651/world-production-of-machine-tools-region/