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Germany is the world’s largest manufacturing nation and enjoys almost 10 percent share of worldwide medical technology production. Sixty-four percent of German medical technology production is exported. With it‘s close collaboration between science and industry Germany’s medical technology sector is an international beacon of quality, performance and safety standards. Europe’s biggest dental market is expected to keep expanding thanks to growing dental health awareness among the population.
Germany is home to leading players from all civil and defense aviation market segments. The country also hosts leading players from all business segments – from equipment manufacturers, material and component suppliers to engine producers and whole system integrators. Numerous companies active in the field of additive manufacturing or 3D printing are based in Germany.
The automotive industry is the largest industry sector in Germany. In 2019, the auto sector listed turnover of EUR 435.3 billion – around 20 percent of total German industry revenue. Germany is Europe’s number one automotive market, accounting for around 25 percent of all passenger cars manufactured (4.66 million) and approximately 20 percent of all new car registrations (3.6 million). Germany is home to 43 automobile assembly and engine production plants with a capacity of over one third of total automobile production in Europe.
Germany’s Machinery and Equipment (M&E) sector is the world’s leading supplier of machinery with 16 percent share of global trade. Germany’s chemical industry is number one in Europe and accounted for 29 percent of the EUR 537 billion in sales in the total European market in 2017, thereby maintaining the lion’s share of revenue.
Germany remains the largest consumer market in Europe - in terms of both population size and purchasing power. The country also has the highest GDP in Europe (EUR 3,386 billion or almost 21 percent of EU-28 GDP) with one of the highest total purchasing power (EUR 1,893 billion).
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