The most important branches of industry in Bavaria include mechanical engineering and vehicle manufacturing, the electronics industry, environmental technology and the production of food in the processing industry. The companies have high innovation potential and very good conditions in Bavaria for achieving a strong market position.
Bavaria offers industry a wide range of research institutions, a highly developed technology transfer system and first-class business-oriented infrastructure to help it to continue to develop. For industry, the opportunities for growth – including for start-ups – lie in digital networking and automation against the backdrop of Industry 4.0. As key technologies, artificial intelligence (AI) and the Internet of things (IoT) in combination with big data especially create numerous application fields and possibilities for new products in the processing industry.
In the area of plant construction and mechanical engineering, companies are frequently founded as a result of innovations involving newly or further developed plant/machinery. There are also big opportunities in the supplier sector in particular, whether in the area of vehicle manufacturing, mechanical engineering or the construction industry. As a company founder, you must pay particular attention here in relation to price negotiations and costs that you do not become too dependent on (a few) major customers to the detriment of your profit. In the field of environmental technology, the big potential lies in cutting the cost of energy and raw materials by developing new technologies and in-house products in order to comply with new legal requirements in the area of climate protection, for example.
Unlike craft/trade businesses or service companies, a large amount of capital is needed to start an industrial company. Initial investment in machinery and the advance financing of materials, staff and third-party services in particular require considerable funds.
If you wish to start an industrial company with your business idea, special contacts from industrial organisations are on hand to assist you.