According to the latest statistics released by the German Machinery Equipment Manufacturers Association, in 2004, due to strong global demand for investment goods, the world's machinery and equipment output value increased by 10% in real terms, reaching 1.1 trillion euros. Europe, Asia, and the Americas dominate the world mechanical equipment market. Among them, the output value of European mechanical equipment accounts for 430 billion euros.
In 2004, the output value of mechanical equipment in Asia grew the fastest, with a total output value of 335 billion euros, significantly higher than that in the Americas (282 billion euros). However, in terms of national output value ranking, the United States is the world's largest producer of machinery and equipment, with an annual output value of 240 billion euros, far ahead of Japan, which ranks second (185 billion euros). China continues to maintain its position as the world's fourth largest manufacturer of mechanical equipment with 77 billion euros, and the gap with Germany, which ranks third with 155 billion euros, is further narrowing. But unlike European countries and Japan, the mechanical equipment in the United States and China is mainly produced for their own markets.