Mechanical engineering is a key German industry and is only surpassed in importance by the automotive industry. The industry has a distinctly medium-sized character. As “hidden champions”, many mechanical engineering companies are world market leaders in their field. Therefore, the high export share of over 80 percent is not surprising. This article is based on the unique List of the 200 largest mechanical engineering companies in Germany.
- Article based on database of the 200 largest mechanical engineering companies in Germany
- Detailed information on the field of activity (production technology, energy plants, construction machinery, packaging machinery, etc.)
- Including: turnover (2015-2018), number of employees, email, address, telephone number, management, etc.
- Direct download as Excel file possible via the List Champion online shop
- Free preview file available on request
A typical sector of the industrial middle class
There are a total of more than 6,600 companies in the mechanical and plant engineering sector in Germany with over one million employees. In 2019, they achieved a production volume of 224.0 billion euros and total sales of 228.7 billion euros. Export sales amounted to 179.8 billion euros. Imports of machinery reached around 77 billion euros in 2019. Just under half of German machinery exports go to the EU. The most important customer country is France. Outside the EU, the USA and China are the most important buyers of German machinery. Due to the high export share, the industry is highly dependent on global economic developments.
63 percent of the mechanical engineering companies have fewer than 100 employees and account for 12 percent of the sector’s turnover. 31 percent are “medium-sized” mechanical engineering companies with 100 to 500 employees. Their share of turnover is 35 percent. Only 6 percent of the companies have more than 500 employees, but generate more than half of the sector’s turnover (53 percent). Among them are heavyweights such as Siemens, ThyssenKrupp and GEA (formerly Metallgesellschaft). With 25 mechanical engineering employees per 1000 inhabitants, Baden-Württemberg is Germany’s and the EU’s number one mechanical engineering region, with more than 300,000 jobs in the sector. Other German states with a strong mechanical engineering sector are Bavaria and North Rhine-Westphalia.
Source: Listenchampion Image source: Unsplash
In our industry report of the German mechanical engineering industry you will find detailed information on areas of activity, an overview of the locations and clusters of the mechanical engineering industry, key financial figures as well as insights into the gender distribution and sustainability efforts of the sector.