Statistics and Market Data about Engineering
In this section, Statista presents the most relevant and up-to-date facts relating to the engineering industry. This category includes the manufacture of machine tools, material handling
systems, heavy machinery, industrial machinery, as well as the manufacture of propulsion and powertrain technologies.
With a market size of around 90 billion U.S. dollars, the machine tool industry is one of the key industries within the manufacturing sector. Above all, machine tools are used to cut or form rigid materials such as metal. The major areas of application include machinery manufacturing and vehicle production
. Shenyang Group, DMG Mori Seiki
, Yamazaki Mazak and Trumpf are ranked as the largest companies in this area. China, Japan and Germany are the most important producers of machine tools. Notwithstanding the fact that China is the main producer and consumer of machine tools already, the country is expected to continue gaining market share over the next decade. It is yet to be seen, how additive manufacturing will affect the sector, but this technology is predicted to be at the forefront of yet another industrial revolution.
Although the idea to 3D-print turbines or cylinder blocks may sound like science fiction to the ears of laymen, 3D printing
is already being used by a number of companies for the production of prototypes.