7 of 24
Decorative image, system control
© Kumavision
Global competition in the mechanical engineering sector will intensify dramatically in the coming years. Market researchers from Oliver Wyman have identified China's five-year plan as the cause. According to this plan, Chinese mechanical engineering companies are under high export pressure. Overall, this will drastically intensify competition in the mechanical engineering sector worldwide. According to the analyses, it is very likely that Germany will be replaced by China as the largest global exporter in the next five years: The ten largest Chinese mechanical engineering companies will have overtaken their German competitors in terms of turnover by 2014 at the latest.
7 of 24