The largest industry for machines in the world is in the USA

 

Versatility is one of the characteristics of the United States. It is versatile not just in its culture, land and inhabitants but also equally diverse in its economy. This diversity provides a huge potential and market for different industries to thrive in. This total market provided by the economy is immense due to the high consumer spending in the US. Its current population of around 314 million is particularly sensitive to the latest technology and offers immense opportunities for a variety of products. The market environment in the United States is characterized by dynamism and entrepreneurial freedom. The strong university and research landscape is firmly anchored to the U.S economy. It fosters innovation and promotes research and development of manufacturers in different industries. The numerous and well pronounced support measures for investment creates a good environment for investors and their investment. The attractiveness of the US market for investors can be seen from the inflow of 175 Million U.S. dollars in direct investments in 2012

The U.S is the world's largest consumer market and the 3rd largest provider of mechanical products. The high level of education exerts a stimulating effect on industries and innovative technologies. On one hand, America has well trained and diverse professionals due to the highly developed higher education system. On the other hand, it has an unemployment rate of around 7.5% which the U.S. government is trying its best to reduce. These concerns of the U.S. government can be allayed by emerging industries and jobs. Such emerging industries, among various others include the American machinery and plant construction industry. This industry alone employed over 1.1 million workers last year. According to the recent developments in the U.S. after the crisis, the real estate market is looking ahead. This brings new opportunities and potential for the machinery and plant construction sector. Numerous domestic and foreign companies are present in this sector and often choose the state of California or Texas for their base location. The extensive reserves of oil and gas present in the U.S, the energy sector and the automotive industry in general are among some of the driving forces behind the thriving machinery and equipment industry in the U.S.

In 2012, U.S exports amounted to over 1500 billion U.S. dollars. Machinery and manufacturing industry were the most significant contributors to the US foreign trade. With the upcoming negotiations on a Trans-Atlantic Free Trade Agreement with the EU, the U.S. can look forward to increasing its foreign trade. As the largest recipient country of exports, Germany stands to significantly benefit from such an agreement.