Doubling in the machinery industry

The machinery industry comprise of companies that manufacture machinery including engines, wind turbines and pumps. The number of companies increased 3.4% since the worst slump in 2003 to just over 1,700 companies in 2008.1

Sales Doubling
The approx. 1,700 companies had a turnover of nearly DKK 142 bn. in 2008 corresponding to 8.2% of Danish GDP that year. The industry has from 2000 to 2008 experienced a doubling in turnover, though most of this growth occurred after 2004.2

A large export business
Observed over the entire period, exports as a percentage of turnovers increased significantly from 2000 to 2008. The increase mainly occurred from 2000 to 2003 and again from 2004 to 2005. On the highest in 2005, exports accounted for 71.8% of the total industry turnover and in 2008 it represented 68.6%, which is just above the average for the 8 year period.3

Overall, the number of full-time employees in machinery industry increased from 62,007 in 2000 to 68,025 in 2008 – equivalent to an increase of 9.7%. The industry, however, experienced declining employment in the period from 2001 to 2005.4

1 Statistikbanken, GF2.
2 Statistikbanken, GF2 (current prices).
3 Statistikbanken, GF2.
4 Statistikbanken, GF2.

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