MARKET ANALYSIS MECHANICAL ENGINEERING GERMANY: TOP 100 RANKING
The new German Mechanical Engineering Market Analysis 2020 by MEYER INDUSTRY RESEARCH, published in March 2020, provides an overview of the 100 leading mechanical engineering companies in Germany, their revenue and employee figures, and data on the industry's profitability. The study is available for free download on our website.
Industry diversity – from global players to hidden champions: Whether machine tools, packaging machines, or plastics and rubber processing machines – German machine manufacturers are among the leaders in the global market. Our market study of the top 100 machine manufacturers in Germany highlights well-known global players such as GEA, Voith, and KUKA. At the same time, our ranking of Germany's leading mechanical engineering companies also includes numerous hidden champions, which also employ hundreds or thousands of people and are among the global market and technology leaders within their machine categories.
MATTHIAS MEYER, MANAGING DIRECTOR OF MEYER INDUSTRY RESEARCH, ON THE MARKET STUDY
"In our market analysis projects, we repeatedly see how diverse the corporate landscape in mechanical engineering is and how strongly individual market segments are characterized by specialized hidden champions. International investors have frequently invested in German mechanical engineering companies in recent times. Against this backdrop, we wanted to take a closer look at the high-performing German companies behind them and have compiled a ranking of the top 100 German mechanical engineering companies. We believe that our market study on the leading mechanical engineering companies can be a helpful source of information for our customers and prospective customers."
RISING SALES, BUT STAGNANT PROFITS AT TOP 100 MACHINE MANUFACTURERS
Growing sales: The German TOP 100 mechanical engineering companies grew by 3.8% in 2018, faster than the overall mechanical engineering market (2.8%, VDMA) and also faster than the German economy (1.5%, Destatis). However, compared to 2017, the TOP 100's growth slowed significantly.
Employment continues to rise: The number of employees in the TOP 100 mechanical engineering companies rose by 3.0% to around 281,000 in 2018, roughly following the industry trend (+3.2%, VDMA).
Stagnant profits: The average EBIT margin of the top 100 mechanical engineering companies was 6.7% in 2018. This reflects a sideways movement in profitability compared to previous years.
Increased labor productivity: In 2018, the top 100 mechanical engineering companies in Germany increased their revenue per employee by 0.8%, while labor productivity in the mechanical engineering sector as a whole declined by 0.5% during the same period. Thus, the leading 100 mechanical engineering companies were able to increase efficiency significantly more than the industry as a whole.
REGIONAL DISTRIBUTION: STUTTGART CONFIRMED AS HOT-SPOT OF GERMAN MECHANICAL ENGINEERING
The heart of mechanical engineering beats in three federal states: 84 of the top 100 companies are headquartered in Baden-Württemberg, Bavaria, or North Rhine-Westphalia. Hesse (6% of companies) and Lower Saxony (4% of companies) are other important locations for German mechanical engineering.
Christian Scherer, Automotive Analyst at MEYER INDUSTRY RESEARCH and co-author of the study, comments: "The hot spot of German mechanical engineering is clearly in the Stuttgart region. Twenty-three of Germany's 100 largest mechanical engineering companies are located within a 50-km radius of Stuttgart. On our map of headquarters, Swabia is densely populated with large mechanical engineering companies."
MARKET RESEARCH AGENCY FOR MARKET ANALYSIS IN INDUSTRY AND TECHNOLOGY
MEYER INDUSTRY RESEARCH specializes in the creation and implementation of market analyses automotive, mechanical engineering, medical technology, energy technology , and electronics sectors, we develop fact-based and reliable decision-making bases with our professional market analyses.
The market analyses we prepare for companies serve our clients as a profound basis for strategy projects, market entry plans , and mergers and acquisitions (M&A).
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