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Industry

Industry

The primary beneficiaries of digital infrastructures are the key industries of Germany – notably logistics, financial services, commerce, industry of automobile and supply, metal industry and engineering, industry of chemistry, health and pharmaceutical industry (in particular life science and biotechnology), the sector of information and telecommunication, the creative economy, aerospace, arms industry, sectors of media and energy. Furthermore beneficiaries are the inhabitants of a region which is supplied by digital infrastructures.

The metropolitan region FrankfurtRheinMain includes countless sectors of industries and related services: automation (inclusive engineering, electronics, mechatronics, microsystem technology, measuring-controlling-programming), automotive (including automobile industry, industry of supply), chemistry, drugs industry, biotechnology, consulting (including legal advice, tax consultancy and management consulting), financial economy (banks and insurances), health economy (including medical technologies, life science, health care), information and communication technologies, cultural and creative economics, logistics and transportation, aerospace, material technologies (materials engineering, surface engineering, nanotechnologies), environmental technologies and energy.

The metropolitan region has a GDP of 72,000 Euro per working person, a favorable geographical position and high economical potential in the national as well as international area, all this is based on the infrastructural, transportation and information logistical equipment. The GDP in FrankfurtRheinMain amounts to 200 billion of euros; this is conforming to 8 percent of the Germany’s GDP.

Since 2008 there have been about 2.9 millions of employees in this economic region who are subject to mandatory social insurance contributions. Thereby the region is over the average of German metropolitan regions as well as over the states average. More than 5 percent of all German industrial groups have their headquarters in FrankfurtRheinMain.

More than 112 billion of euros make up the private household income in the metropolitan region. The purchasing power has been 20,000 euros per inhabitant since 2010 hardly 12 percent over the states average. In some parts of the metropolitan region like Hochtaunuskreis and in Main-Taunus-Kreis the purchasing power is even a lot higher.

The concentration of international company headquarters and those of organizations is still higher today in the Digital Hub regions around FrankfurtRheinMain. Frankfurt is very popular for foreign companies as a location for investments according to a recent study of IBM.

FrankfurtRheinMain is not only an important digital media location in Germany because of the ARD in Frankfurt, the central switch point of Eurovision and the ZDF in Mainz. Several public and private radio- and TV channels are too in the metropolitan region. Furthermore the region has one of the leading centers of digital film production (postproduction) in Europe and organizes the international renowned conference for digital film productions in cinema, television and publicity every year.

The region provides a high density of highly-trained and often multilingual employees. There is a highly-qualified internationally versed potential of specialized personnel and the entire value-added chain through a functional variety of producer and user companies of different branches. Among them are numerous, even very international, industrial groups, banks and insurances as well as a broad basis of middle sized companies. Highly-available digital infrastructures in the metropolitan region FrankfurtRheinMain attract profitable employments and make them more attractive in the international talent competition. Frankfurt is the only German metropolis which has a world-renowned commercial location.

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