BROWSE THROUGH OUR TRADE FAIRS IN GERMANY FOR TOOLS INDUSTRY

Germany is one of the tool industry's central, leading and time-honoured countries. This is applicable for the global and European segments of the sector due to diverse causes. For example, the German tool industry is notable for its extensiveness and annual turnover. This includes the hand tool segment, which employs more than 30 200 specialists. Similarly, the machine tool segment engages around 64 000 specialists. This results in a value chain that features all segments. Among them are fabrication, distribution, retail, service provision, etc. This, in turn, results in a market sector that produces notably high annual turnover rates. For example, the machine tool segment has recently generated around 12 700 000 000 EUR in production volumes. Likewise, the hand tooling segment has generated up to 5 900 000 000 EUR in recent years. It includes a notable percentage generated through exports. For instance, the former segment exports up to 8 100 000 000 EUR and the latter — up to 4 500 000 000 EUR. Apart from being a notable producer and exporter, the German tool industry is also a noteworthy innovation hub for the relevant markets. This is due to its high focus on frequently innovating its wares. It allows it to adapt to the latest challenges. Generally, the segment presents its latest novel solutions during trade expos in diverse German cities. These include biannual events that attract tens of thousands of attendees.