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German engineering innovation cost up to 13.3 billion

Machinery and equipment manufacturing industry is one of the five major industries in Germany; it is ahead of electrical equipment and car manufacturing industry. In 2013, Germany has 6 million machinery and equipment manufacturing company, about 9.86 million employees.
It is need to emphasize that car production and electrical equipment production generally have significant characteristics of parts standardization and mass production, thus construction machinery field is usually with single, small-scale production. And engineering machinery field is mostly medium-sized enterprises, 87% of employees less than 250 people, two-thirds of the enterprise employees are even less than 100 people, only 2% of the enterprise employees more than 1000 people. The small and medium-sized enterprises with their particular areas of expertise, to become the world's market leader. German engineering machinery industry is export-oriented industry, 77% of revenue from overseas markets. In 2013 German machinery field trade surplus is 9.3 billion Euros. Machinery industry growing globally, embodied in that German machinery companies’ foreign direct investment (FDI) and capital from foreign direct investment in machinery industry are both growing significantly. Germany has 15.9% share of global mechanical industry trade, ahead of United States and China. Apply latest technology is a prominent feature of German engineering industry. With the innovation of product and service, it has helped customers win competitive In 2012, engineering machinery industry innovation cost is 13.3 billion Euros, significantly higher than (R&D) cost (2012 R&D expenditure in this area is5.8 billion euro). This difference shows the importance of engineering innovation. Received a good education of high-level technical personnel is the most precious wealth for German engineering machinery industry, there are 183000 engineers in construction machinery industry, In fact, only the excellent technical engineers can ensure the engineering machinery industry innovation.

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