German machinery manufacturing industry will become the focus of future industry

In 2011, the German Federal Trade and Investment Agency published a new "Industry Overview - Machinery and Equipment Industry".

In the latest industry overview of the German Federal Trade and Investment Agency, Germany introduced the largest and most innovative industry in Germany – machinery and equipment. In the report, it is proposed that in the next three years, Germany will manufacture 14 new models of electrified power systems and advanced battery technologies. 75% of German-made wind turbines are used for export. Germany already has the highest share of machinery and equipment exports in the world. For this reason, it has become a top investment destination to help companies enter the global market for future technology. In fact, of the 32 industry segments in the industry, 17 in Germany have become global leaders.

Han Peide, representative of the German Federal Trade and Investment Agency in China, said: "Germany has a world-renowned reputation for machinery manufacturing. The German-made brand marks quality and innovation. For this reason, machinery manufacturing companies such as Sany Heavy Industry have settled in Germany. ”

The German machinery and equipment industry achieved a turnover of 173 billion in 2010 and continues to be the most powerful industry in Europe. The industry's growth rate in 2010 was 7.5%, which was twice as high as expected. The projected growth rate in 2011 will exceed 14%. The industry accounted for 19.1% of total exports, ranking ahead of the United States and Japan and accounting for one-third of all European patent applications.

Han Peide believes: "At present, it is the best time to invest in Germany. With the vigorous development of the domestic market, rapid access to high-growth markets around the world, and an outstanding R&D environment, Germany has become the top investment destination for Chinese investors."

The German Federal Ministry of Foreign Trade and Investment is the German Federal Government’s foreign trade and internal attraction agency. The agency advises and supports foreign companies wishing to enter the German market, and assists companies established in Germany to enter foreign markets.