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The distance between China's machinery and equipment manufacturing industry and Germany is narrowing

2019-06-03

According to the latest statistics released by the German machinery manufacturers association, in 2004, due to the strong demand for goods from global investment, the output value of machinery and equipment in the world increased by 10%, reaching 11000 euros. The three major regions of Europe, Asia and the Americas dominate the world machinery market. Among them, the output value of machinery and equipment in Europe accounted for 430 billion euros.

In 2004, the output value of machinery and equipment increased fastest in Asia, with a total output value of 335 billion euros, significantly higher than that of America (282 billion euros). But in terms of country output rankings, the United States is the world's largest producer of machinery and equipment, with an annual output value of 240 billion euros, ahead of Japan (185 billion euros), the second largest. China continued to maintain the world's fourth largest manufacturing country for machinery and equipment by 77 billion euros, further narrowing the gap with Germany, the third largest (155 billion euros). But unlike European countries and Japan, the United States and China mainly manufacture machinery and equipment for their own markets.


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