INDUSTRY NEWS
Surge in bookings for EuroBLECH 2024
Stand allocation is in full swing for EuroBLECH 2024 , next year ’ s global event on sheet metalworking . Pre-bookings have substantially increased , and the show is now open to new exhibitor enquiries . The previous EuroBLECH edition in 2022 marked a significant milestone in the recovery of the sheet-metal industry , featuring 1,300 exhibitors from 39 countries over a net exhibition space of 86,136 square metres .
“ Despite mixed forecasts for the sheetmetalworking industry , re-bookings for EuroBLECH 2024 have hit new heights . Fifteen months ahead of show opening , 80 % of available stand space in the nine exhibition halls have already been reserved , and the show team is now embarking on the mammoth task of allocating new exhibitor bookings . The 27th International Sheet Metal Working Technology Exhibition will take place from 22-25 October 2024 at the Hanover Exhibition Grounds in Germany . It provides a unique marketplace for tech suppliers who wish to market their latest technological advances to a global audience of industry experts and stakeholders ,” the show organiser , RX , told ISMR .
“ The economic outlook for companies in the sheet-metalworking industry is challenging , yet promising . Placing their technology and expertise at the forefront of the sheet-metalworking sector , and marketing themselves as a thought leader is the best option to secure crucial business in future ,” said Evelyn Warwick , exhibition director of EuroBLECH , on behalf of show organiser RX . “ In addition , sheet-metal producers are looking into more resourceful ways to tackle fluctuating prices for energy and raw materials , rapidly changing consumer markets and stricter government regulations to lessen the industry ’ s carbon footprint . For tech suppliers offering innovative tools , equipment , software and solutions , this means a substantial window of opportunity . Participating at EuroBLECH 2024 will help them capitalise on current and future demand ,” she continued .
Fifteen technology sectors across nine exhibition halls cover the entire supply chain in the manufacturing of sheet-metal prototypes , industrial components and consumer parts . This includes machines , tools and IT solutions for cutting , punching and forming ; joining ; welding and fastening ; surface treatment and finishing ; process control and quality assurance ; machine elements and components ; CAD / CAM / CIM systems ; warehouse and factory equipment ; material recycling and other solutions related to the processing of metal sheets ; tubes ; profiles ; plastic hybrids and other structures .
“ With 80 % of EuroBLECH visitors involved in purchasing decisions and nearly every second visitor attending with the intention to invest , exhibitors can expect four days of valuable face-to-face business with key contacts from global companies looking to source sheet-metalworking solutions . The provisional exhibitor line-up features leading international brands as well as promising start-ups from 32 countries ,” concluded RX . n
www
. euroblech . com
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Steel market report 2023-2033
Image : Shutterstock . com
Visiongain has published its ‘ Steel Market Report 2023-2033 ’ forecast , valuing the global steel market at US $ 1,600.1 billion in 2022 . It is projected to grow at a CAGR of 3.9 % from 2023- 2033 .
“ Steel is used in the construction of thermal power plants , nuclear reactors , renewable energy structures ( such as wind turbines and solar panels ) and oil and gas extraction platforms . As the world transitions towards sustainable energy sources , the demand for steel in the energy sector is likely to increase , reinforcing steel ’ s crucial role in powering the future ,” commented the analyst .
“ Steel is also an essential material in various manufacturing industries for machinery , equipment and tools due to its durability and reliability . As industrialisation progresses , the demand for steel in manufacturing
sectors ( such as aerospace , machinery and consumer goods ) continues to rise . Steel ’ s recyclability and adaptability further enhance its appeal in industrial applications , supporting the growth of the steel market in the manufacturing sector ,” it continued .
Challenges for steel markets and manufacturers globally include the COVID-19 pandemic ; disrupted supply chains ; workforce disruption ; logistics challenges and limited access to raw materials , affecting production capacity and causing delays in deliveries .
“ Overall economic uncertainty during the pandemic led to cautious spending and investment decisions , affecting steel consumption across various industries . As a result of these combined factors , the steel market witnessed a decline in demand and prices , making it one of the industries hardest hit by the COVID-19 pandemic . However , with vaccination efforts and gradual economic recovery , the steel market is expected to rebound , although it may take time to fully recover from the negative effects of the pandemic ,” added Visiongain . n
www . visiongain . com
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