Austria’s mechanical engineering industry employs 79,000 people, generates revenue of EUR 21.5 billion and accounts for 14 percent of total industrial value creation, which is much higher than the EU average. Another 14,000 jobs are related to the repair and maintenance of machines. The mechanical engineering industry is a stable, well-paying employer featuring a heterogeneous product structure, several world market leaders and a high level of innovative strength, not to mention one of the most productive, high-growth industrial sectors. On the basis of its high-quality product portfolio, mechanical engineering companies in Austria can stand out compared to competitors trying to exploit cost advantages and largely compensate for market share losses for standard products. One success indicator since the 1990s is the almost continuously rising export surplus, which recently amounted to EUR 4.5 billion.
High-quality niche products
The mechanical engineering companies manufacture capital goods for almost all industrial and commercial sectors. Its product portfolio ranges from pumps, construction and agricultural machinery and elevator to building entire industrial plants. At the same time, it is expanding its service offering from standard services to the ongoing operation of plants. The offering is complemented by several types of consumer goods such as ovens and personal scales. Austria’s mechanical engineering sector does not have a produced production priority, which is why revenue is divided among many different business areas. The industry also includes several companies which have gained a prominent global market position in their segments. Top 10 examples include Andritz with its pulp and paper machines, the Engel Group specializing in plastic injection molding machines and cable railway manufacturer Doppelmayr. The list can be easily continued with smaller companies outside of the top ten.
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