Economic Committee

The economic committee, chaired by Rainer Wegener of Stöber Antriebstechnik GmbH & Co. KG, is the central working group for sector-relevant questions and topics. Managers and sales managers from different product areas in power transmission engineering meet here.


The Trade Fairs/Marketing working group views itself as a platform for trade fair and marketing specialists from the member companies of the Power Transmission Engineering and Fluid Power associations.

Market Analysis

As of 01.01.2021, there is no requirement for a certificate of origin for a delivery with movement certificate A.TR. to Turkey, the MAAC of the EU informed the VDMA in Dec. 2020.
FVA online seminars with sharing opportunities between attendees and speakers.
Salim Haffar, I-Mak Gearboxes and Drives, has been elected as EUROTRANS President. The European power transmission industry expects a 20% decline in 2020 and growth of between 5 and 10% in 2021.
Analysis of selected technical and innovative megatrends in China and their implications for the German economy.
Customer feedback quickly & consistently implemented: The new version of the simulation platform for drive systems has been released.
Member companies of the VDMA Power Transmission Engineering Association can download the GTAI economic reports for China, India, Mexico, Russia, the USA and other countries.
The Goods Classification for Production Statistics (GP) is revised at regular intervals to adapt it to new product developments.
The Power Transmission and Fluid Power Association is involved in the VDMA foreign offices in China and India. Our colleagues on site regularly compile market reports from the point of view of drive technology.
VDMA has a comprehensive key indicator system, for which yearly economic surveys are conducted.
An economic report on the current state of the sector is published every six months in time for the trade association meetings.
The statistics on incoming orders and turnover, compiled by VDMA and the Power Transmission Engineering association each month, show developments in the sector compared to their customer sectors in an up-to-date and representative manner.
The mechanical and plant engineering industry is increasingly confronted with challenges that threaten its position. New market players and global uncertainties are having a dampening effect on earnings in the new machine business.
The statistics database is available exclusively for staff at VDMA member companies – free of charge. Our database can be accessed 24 hours a day, from anywhere in the world with an Internet connection.


In addition to battery electric vehicles, the fuel cell will be a further mainstay of future mobility. In order to assess the effects and potential for mechanical and plant engineering at an early stage, the second edition of the study "Drive in Change" was published with a focus on fuel cell technology.
The most important finding of the study is: "For mechanical engineering, the mobility transformation process offers opportunities for additional value creation," explained VDMA President Carl Martin Welcker on the occasion of the publication of core results of the study.
The manufacturing industry has clearly understood that predictive maintenance (PM) is a key issue, a precondition for efficient, sustainable service delivery in the future. Progress in the technologies required by PM is swift and significant.
Dirk Decker
Dirk Decker
Deputy Managing Director Power Transmission Engineering, EUROTRANS Secretary-General
(+49 69) 6603-1685
(+49 69) 6603-2685