The Situation in the supplier industry
German suppliers can look back on a successful year 2017. The sector managed to increase sales for the fifth year in a row. At 79.6 billion euros, revenues exceeded the previous year’s level by a good 4 percent. With domestic customers, manufacturers of components and accessories for motor vehicles turned over 48.0 billion euros (up 3 percent). Foreign sales increased by a solid 7 percent to 31.6 billion euros. Foreign sales have been increasing faster than domestic sales for years. Eurozone sales rose particularly sharply to 15.7 billion euros, plus 9 percent.
German supplier companies’ permanent workforces numbered 305,200 in the past year. In comparison with 2016, this means growth of 1 percent, or 2,500 employees.