What is the place of the CNC Machine Tool industry in the German economy?

The CNC machine tool industry is an important part of the German economy, as Germany is one of the world’s leading manufacturers of machine tools. The industry is known for its high-quality products and advanced technology, and it plays a significant role in the country’s overall manufacturing sector. Many German companies in the industry export their products to other countries, making the industry an important contributor to Germany’s balance of trade. Additionally, the industry provides employment for a significant number of people in Germany, and it is considered to be a key driver of innovation and technological advancement in the country.