Significant support in this direction will come from the Industry 4.0 transition plan and the extension of incentives to purchase new technology.
The analysis of data in Italy collected by the Studies Office of Acimall, the Confindustria-member association representing the Italian wood furniture technology industry, was not surprising and confirmed an immediate impact of the lockdown caused by the Covid19 pandemic. The first quarter of 2020 closed with a widespread reduction of woodworking machinery and tool orders, a two-digit decrease that involved all global markets, though with some delay.
The effects of Covid-19 in 2020, as reported by Acimall's studies office, will add to the significant slowdown recorded in 2019
Production reached 2.487 billion euro (resulting into the 9.5 growth figure, from 2.27 billion in 2017) and also export sales increased (1.694 billion euro, up by 6.5 percent).
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.
A preview of some of the new features and woodworking innovations on display at the 2018 Xylexpo Fair was given to a large group of international journalists at a special event hosted by show organizer Acimall. The biennial show will be held May 8-12 in Milan, Italy.
A good trend was also recorded by foreign orders, achieving 51.5 percent growth for Italian equipment manufacturers.
Final figure results from the performance of foreign trade show orders increasing by 34.8 percent in the second quarter.
Woodworking equipment production amounted to $2.26 billion in Italy for 2016 reported Acimall.