Germany’s Machinery and Equipment (M&E) sector is the world’s leading supplier of machinery with 16 percent share of global trade. German manufacturers are also the world leaders in 19 out of 31 M&E sectors in global comparison.
The M&E sector is the second largest and most innovative industry sector in Germany. In 2018, mechanical and plant engineering was again the most important driver of German industry growth. Nominal turnover increased to EUR 226 billion – a new record that contributed considerably to the upturn in the German economy.
German M&E industry strength is driven by a combination of Germany’s proven engineering tradition, its position as a technology development leader, and a highly diversified industrial base. The country retains its role as a globally competitive and flexible R&D test bed thanks to M&E innovative strength.
The fourth industrial revolution is already underway thanks to the country`s ambitions Industrie 4.0 initiative. This landmark project is ushering in a new age of decentralized production that is transforming industry. Automation technology developments will consolidate Germany’s position as the lead provider and market for virtual systems and highly developed production systems.
Machinery and equipment is one of the technological motors that drives Germany as a high-tech nation and combines all of the key future technologies (including electronics, robotics, materials, and software). The domestic M&E sector is dominated by small and medium-sized enterprises from the thriving Mittelstand economy. These companies produce customized products and small production series to meet international manufacturing industry demand.
Impressive M&E industry and market data provide a timely reminder that the “Made in Germany” label still stands for the highest quality products and services in the world.