After a record woodworking machinery production of EUR 4.2 billion in 2023, the VDMA (Machinery and Equipment Manufacturers Association) has revised its 2024 forecast, predicting a 15% decrease, bringing production to EUR 3.6 billion. This marks a downward revision from earlier projections of a 10% decline due to weaker-than-expected market conditions. Dr. Bernhard Dirr, Managing Director of the VDMA, cited slow investment decisions in the wood and furniture sectors, driven by weak construction activity and low furniture consumption. Despite a high demand for innovation, customer hesitation has caused delays in technology purchases. However, Dirr ...
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