The global production volume of the Power Transmission Engineering industry is estimated at more than 200 billion Euro. One third of its worldwide production capacity comes from Europe and one sixth from Germany. In VDMA's statistical surveys the production volume of the mechanical power transmission engineering industry with about 16 billion Euro is mainly presented. Furthermore, the production volumes of the Electric Power Transmission industry with almost 10 billion Euro as well as that of the automobile components industry with an estimated volume of 10 billion Euro are to be considered.
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.
The power transmission and fluid power industries are expecting growth of around 3 percent in 2019. The industry focusing on industry 4.0 solutions at the Hannover Messe. The World trade share on the rise.
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 sector is increasingly facing challenges which could endanger its position. New market players and global uncertainties are having a subduing impact on the income generated by 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.
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 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.
Deputy Managing Director Power Transmission Engineering, EUROTRANS Secretary-General
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