The sector conveyor is growing by 3% faster than German machinery industry – Quest Industry Report

In the global economic crisis, the decline in production of conveyor took longer than in mechanical engineering industry. Conveyor’s production did not climb out of the crisis low until 2011 but remained behind the growth of mechanical engineering until 2013. It was not until 2014 that production of conveyor began to grow again. By 2017 it had exceeded the growth in production in machinery industry by 3%.

Both conveyor and machinery industry remained slightly below their pre-crisis levels of 2008 until 2017.

In a comparison of sales with those of machinery industry, the conveyor sector performed better. As the Quest industry report outlines, using data from the Federal Statistical Office, sector sales grew by 5% more strongly than those of mechanical engineering in the period from 2014 to 2017.

In 2017, sales in conveyor were 22% and in mechanical engineering 9% higher above their pre-crisis level.

The source of the stronger sales growth of conveyor is foreign sales. Between 2014 and 2017, foreign sales of conveyor grew by 9% more strongly than those of mechanical engineering and were 33% above their pre-crisis level in 2017.

In 2017, conveyor also succeeded in increasing domestic sales by 10% over their pre-crisis level, while domestic sales in mechanical engineering remained below this level.

The Quest industry report is available on https://www.quest-trendmagazine.com/en/machinery-industry/conveyor/produktion-und-umsatz-foerdertechnik.html