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European EMS Market Experiences Double Digit Negative Growth in 2024, But May Experience Slight Positive Growth in 2025
February 27, 2025 | IPCEstimated reading time: 1 minute
As revealed this week by an annual survey conducted by in4ma and sponsored by IPC, the electronics manufacturing services (EMS) industry in Europe experienced negative 14 percent growth in printed circuit board assembly (PCBA) production in 2024.
“While it was a very challenging year for the industry, Dieter Weiss, founder and president of in4ma, and lead architect of the survey, was able to motivate 427 companies to contribute data to this year’s survey, which was a record level of participation and represented a doubling of overall participants and a tripling in non-DACH participants in just three years,” stated Sanjay Huprikar, president, Europe and South Asia operations.”
Key industry takeaways and extrapolations from this survey and analysis included:
- The top 136 companies made up only 7 percent of the overall companies, but were responsible for 81 percent of the European market
- 50 percent of all the EMS sites in Europe were in Germany, France, and the United Kingdom
- Nearly 67 percent of the participating companies experienced lower revenues in 2024 vs. 2023
- Germany’s EMS industry experienced negative 18 percent growth overall driven mainly by the automotive, industrial, and measuring and instrumentation electronics verticals, but also showed positive double-digit growth in the aerospace, agriculture, and household electronics verticals
- On average, headcount across the European EMS industry was down two percent
- Overall prognosis for 2025 is that the European EMS market could grow by three percent
The 88-page report contains country specific detailed data and metrics on order backlog, inventory, revenue per head, export ratios, and much more. Weiss plans to formally share his findings and analysis in detail at two live presentations in June:
- IPC UK EMS Executives Meeting – London, UK – June 12
- in4ma EMS & PCB Forum – Bonn, Germany – June 26
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