Machine tool manufacturer financing is the new direction

Abstract Recently, Siemens Financial Services' survey of 80 machine tool manufacturers worldwide (accounting for 55% of global machine tool sales) shows that asset financing has become an important factor for machine tool manufacturers to supply new equipment to the market. Siemens Financial Services is a business service under the Zimenzi Group...
Recently, Siemens Financial Services' survey of 80 machine tool manufacturers worldwide (accounting for 55% of global machine tool sales) shows that asset financing has become an important factor for machine tool manufacturers to supply new equipment to the market.

Siemens Financial Services is the business services division of the Sub-Group, referred to as SFS, in July and August 2013, in 10 countries (China, France, Germany, India, Poland, Russia, Spain, the United Kingdom, the United States and Turkey). The machine tool manufacturer in the sales department conducted a survey.

According to the survey, in 2013, the sales of machine tools in most countries declined. For example, despite the increase in orders from the United States, the number of declines was 10.6%.

The SFS study found that new order financing is difficult to be one of the reasons for the decline in sales. 84% of the companies surveyed indicated that potential machine tool buyers have difficulty in purchasing equipment from traditional bank loans, and 64% of machine tool manufacturers believe that asset financing is more important for machine tool consumption in the past two years. In the US market, the significant year-on-year increase in sales in 2012 was mainly from September, which set the highest sales record in the machine tool industry.

The survey found that equipment leasing projects are also important, with 55% of machine tool manufacturers being the main contributors to their customers.

The study found that more and more machine tool companies are implementing integrated financial solutions in sales, and leasing and leasing arrangements have become an alternative financing method. By 2020, the demand for equipment financial services by machine tool buyers will continue to increase.

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