According to the latest statistics released by the German Association of Manufacturers of Machinery and Equipment, in 2004, due to the strong global demand for investment goods, the world's output value of machinery and equipment increased by 10%, reaching 110 billion euros. Europe, Asia and America dominate the world machinery market. Among them, the output value of machinery and equipment in Europe accounts for 430 billion euros. In 2004, the output value of machinery and equipment in Asia grew fastest, with a total output value of 335 billion euros, significantly higher than that in the Americas (282 billion euros). However, according to the ranking of national output value, the United States is the world's largest producer of machinery and equipment, with an annual output value of 240 billion euros, which is far ahead of Japan (185 billion euros). With 77 billion euros, China continues to be the world's fourth largest manufacturer of machinery and equipment, and the gap with Germany (155 billion euros), ranking third, is further narrowed. But unlike European countries and Japan, the machinery and equipment of the United States and China are mainly produced for their own markets.
According to the latest statistics released by the German Association of Manufacturers of Machinery and Equipment, in 2004, due to the strong global demand for investment goods, the world's output value of machinery and equipment increased by 10%, reaching 110 billion euros. Europe, Asia and America dominate the world machinery market. Among them, the output value of machinery and equipment in Europe accounts for 430 billion euros. In 2004, the output value of machinery and equipment in Asia grew fastest, with a total output value of 335 billion euros, significantly higher than that in the Americas (282 billion euros). However, according to the ranking of national output value, the United States is the world's largest producer of machinery and equipment, with an annual output value of 240 billion euros, which is far ahead of Japan (185 billion euros). With 77 billion euros, China continues to be the world's fourth largest manufacturer of machinery and equipment, and the gap with Germany (155 billion euros), ranking third, is further narrowed. But unlike European countries and Japan, the machinery and equipment of the United States and China are mainly produced for their own markets.