Global mechanical engineering market / StudyDigitalization brings highs
The digital transformation is creating a special boom in the global mechanical engineering industry - this is the conclusion of the 'Industrial Goods Study 2018'. However, machine and plant manufacturers have some catching up to do when it comes to digitalizing their manufacturing processes.
According to the 'Industrial Goods Study 2018' by consulting firm AlixPartners, turnover in the global mechanical engineering market rose to a total of around EUR 2.7 trillion in 2017. euros in 2017. This corresponds to an increase of 5.7%. China remains the frontrunner with just over 1 trillion euros. trillion euros, while the USA has recovered from the slump in 2016. The trend is also accelerating noticeably in Germany. Excluding currency fluctuations and inflation, 2017 was the first significant year of growth for the global industry after five years of stagnation. In conjunction with ...