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.
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... One market segment is weakening in China: sales of construction machinery fell by around 6% and margins by 1%. The consultants at AlixPartners explain this with the massive expansion of infrastructure in the country, which may now have reached saturation point. Domestic companies are increasingly having to compete against established players on the global market.