After a record in production of some 4.2 billion Euros in 2023, the Association of German Machinery Suppliers (VDMA) expects a decrease in the woodworking machinery industry by 15% in 2024. This would reduce the production value to 3.6 billion Euros in Germany.

According to Bernhard Dirr, Managing Director of VDMA Woodworking Machinery, the weak construction sector and low furniture consumption across Europe are causing problems for the industry.

Initial improvements due to regionally unspecific large orders and a stabilisation of order activities for standard machines had given reason to hope that there will be an improvement across all industrial subsegments in the coming months.

The VDMA represents 3600 German and European mechanical and plant engineering companies, employing around three million people in the EU.

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