High Proportion of Innovation
In 2014, more than 53,500 EU companies from the manufacturing sector launched a new product. Almost 11,700 (22%) of these companies are German, illustrating Germany’s leading position in the European Union. Companies from France and the UK make up a combined share of 19%, while Italy ranks higher with a share of 23%.
The German Institute for Economic Research found that German research intensive sectors within the manufacturing industry achieve the highest turnovers in Europe (2010).Companies can secure market leadership in the corresponding niche by quickly bringing their latest innovations to market maturity.