Mechanical Engineering Industry – A large, successful and heterogeneous sector Δημοσιεύθηκε στις: 22/03/2012
The Mechanical Engineering Industry is a very wide and diverse sector. It mainly covers machinery and equipment, machinery for the production and use of mechanical power, except aircraft, vehicle and cycle engines, agricultural and forestry machinery, machine tools and other special purpose machinery.
With more than 20 subsectors that face quite different market environments it is one of the most heterogeneous industry sectors.
Mechanical Engineering Industry is one of the most shining examples in performance of EU economy. It is characterised by relatively small family owned companies. The typical firm size is between 500 and 2,000 employees. Most of them do not fall under the EU Small and Medium sized (up to 200 employees).
ME is one of the major branches of manufacturing in the EU-27, with a share of around 9.1% of all production in manufacturing industries. As compared to other industries, ME firms are characterized by a relatively high manufacturing depth. This is mainly explained by three factors:
predominant small-batch and single-item production,
high qualification requirements in manufacturing departments, and
large communication requirements between manufacturing, engineering and design departments.