Demand for Italian woodworking equipment remained strong in 2017.
According to the figures published recently, in 2017 the industry achieved a production value of $2.8 billion, up by 11.6 percent compared to the previous year. The export trend was also higher, amounting to $2 billion, 7.1 percent more than in 2016. The top 10 destinations include the United States at number one in purchasing Italian woodworking equipment and technology, followed by Germany, Poland and France.
Preliminary figures were processed by the Studies Office of Acimall, the Confindustria member association representing industry companies.
The value of imports into Italy also increased 10 percent compared to the previous year. The domestic market is also continuing to grow, driven by investment supporting measures introduced by the Italian government in recent years.
In 2016, Italian wood machinery consumers invested about $925 million, which increased to $1.1 billion in 2017, and everything suggests that in 2018 the domestic market could approach a new record.
“Italian users are clearly going through a period of greater confidence which, combined with state incentives, is generating strong demand, exceeding even the most optimistic expectations”, said Dario Corbetta, Acimall director. “Such results are not just satisfactory for technology vendors, but also anticipate an increasing competitiveness of the entire system: in the past few years, the wood and furniture industry had to face a very complex season, reducing all investments to a minimum.
“By acquiring more innovative and updated technology, the can now rely on more effective and performing tools, produce more and better with an Industry 4.0 approach, leveraging the connection between technology and enterprise management systems to restore their competitiveness and capacity to offer attractive products.” See http://acimall.com
Have something to say? Share your thoughts with us in the comments below.