German Machinery and Equipment Manufacturers Association (VDMA) recently said that in 2012, machinery manufacturers around the world have access to the sales record. This could see reflected revenue growth from the German machinery industry. In recent years, China’s huge demand for machinery products, led the German machinery manufacturer’s sales growth.
Executive Chairman of the Federation on the Hanover Fair revealed that this year the German machinery industry sales growth is expected to be 2%, the current new orders of German companies is increasing, which also confirms the global economy is recovering.
Reported that in 2012 the German machinery and equipment manufacturing output grew 1.3% in real sales reached 207 billion euros, the highest close in 2008 (208 billion euros). In 2012, the German machinery industry imports grew by 4.1%, reaching 56.2 billion euros, an increase of imports from Europe reached 7.7%, more than the average. This fully reflects the effects of the German locomotive machinery manufacturing. Up Mechanical equipment imported from Italy, Germany, followed by Switzerland, China rose from sixth to fifth (accounting for 6.8 per cent), Japan dropped to sixth (6.7%).
Russia ranked after China, the U.S. and France, ranked fourth, accounting for 5.4% of the German machinery exports. German machinery and equipment suppliers play an important role in the Russian market. 22% of Russia’s imports of machinery from Germany, and German products in the Chinese market share of 13%, 11% in Italy.
Findings German machinery and equipment manufacturing Federation member companies shows that a large number of processing and assembling Russian German machinery and equipment, drivers and service provided by the German side. In the medium term, the current trend in marketing and service operations transferred to Russia is very obvious, only 8% of respondents assembled or produced in Russia, the proportion of local assembly in 2015 is expected to reach 19%.