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VDMA7.3 billion euros in losses due to product piracy

Product piracy and know-how theft continue to cause considerable damage to German machine and plant manufacturers. China remains the biggest counterfeiter by a wide margin. The VDMA presented the latest figures on this at the Hannover Messe 2018.

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1_Companies affected by product and brand piracy in mechanical and plant engineering from 2003 to 2018
© VDMA

According to the VDMA's 'Product Piracy 2018' survey, 71% of machinery and plant manufacturers in Germany are affected by product or brand piracy - including ...

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