German mechanical engineering has always been the backbone of the German economy.
Even internationally, it stands for progress, performance, and reliability. In the past
20 years, it has been able to grow at 2.2 percent1 p.a. and to generate an average EBIT
margin of 3.9 percent.2 Hardly any other industry is so diverse, and developing with so
much rigor. Reason enough, then, for German mechanical engineers to confidently look
toward the future.
At the same time, there are signs of change. There is pressure from foreign competitors
with improving quality and lower-priced services even in industries traditionally dominated
by German companies. The international integration of markets is increasing, which in