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.
... above all the business model and products. To avoid being left behind, mechanical engineering companies in Germany could place an additional focus on engineering and production," advises Christian Leber, Director at AlixPartners in Munich and specialist in transformation processes. Although engineering often represents the largest cost block, more than half of German companies either exclude this area from digitalization entirely or barely take it into account.