DMASS expects slowdown after record 2023

29 February 2024 News

According to DMASS Europe e.V., the European components distribution market declined in Q4, ending a long period of growth. Distributors and manufacturers reported consolidated sales of €4,45 billion in Q4 2023, down 17,3% compared to Q4 2022. Semiconductors dropped to €3,1 billion, a drop of 18.5%, and IP&E; (Interconnect, Passive and Electromechanical) components declined by 14,3% to €1,35 billion.

For the total year 2023, DMASS reported consolidated sales of €21 billion, up just 0,2%, beating former record 2022 by a narrow margin. All the growth in 2023 came from the 4% increase in semiconductors, while IP&E; dropped by a total of 7,7%.

Hermann Reiter, chairman of DMASS said: “The expected slowdown was softened by a very good first half of 2023, resulting in another record year. Admittedly, distribution revenues were driven by orders and sales brought forward from 2024, inflating 2023 results significantly. The consequence is that we are now facing a market contraction, which brings the business back in line with long-term growth averages. Our hope for 2024 resides with an overall market upside through the hype around artificial intelligence that could pull the entire market along.”

Further reading:

From the editor's desk: Inspiring the next generation
Technews Publishing News
   Welcome to the August issue of Dataweek. Peter Howells is still on leave, so I am back for this issue. I hope you enjoy the content and find value in it. August is Women’s Month in South Africa, ...

Read more...

---

Procurement is becoming a competitive advantage
RS South Africa News
As mining, manufacturing and industrial businesses continue to navigate rising costs, supply chain disruption and increasing pressure to improve operational performance, procurement and inventory management have become strategic business priorities rather than simply administrative functions.

Read more...

---

Powell Electronics signs partnership agreement with IOT Electronics
IOT Electronics News
Powell Electronics has entered into a partnership agreement with IOT Electronics to strengthen its presence across southern Africa.

Read more...

---

Omniflex delivers ICCP systems across London
Omniflex Remote Monitoring Specialists News
Omniflex has supplied impressed current cathodic protection (ICCP) systems for a range of prominent buildings across London, helping to protect reinforced concrete structures from corrosion and extending their service life.

Read more...

---

New appointments for Würth Electronics South Africa
Würth Electronics South Africa News
New appointments for Würth Electronics South Africa

Read more...

---

MTN celebrates 80 Western Cape digital graduates
News
Eighty unemployed young people from across the Western Cape have successfully completed MTN South Africa’s Digital Skills for Digital Jobs (DS4DJ) programme, earning accredited qualifications in Data Analytics, Systems Development and Cybersecurity.

Read more...

---

GirlCode Hackathon 2026 kicks off across South Africa and Botswana
News
GirlCode, in partnership with Absa Group, Truecaller, MTN, SAP Fioneer, RS South Africa and other ecosystem partners, successfully hosted the first leg of the 2026 GirlCode Hackathon.

Read more...

---

Rooibos heads to space
News
A South African scientific initiative linking agriculture and space research has officially launched today with the Rooibos in Space programme at Parklands College’s Innovation Centre in Cape Town.

Read more...

---

From the editor's desk: Local can be international
Technews Publishing Editor's Choice News
Welcome to the July 2026 issue of Dataweek. As you can see from this introduction, Dataweek’s regular editor, Peter Howells, is on extended leave and I am filling the void in his editor’s column – hopefully without being too boring.

Read more...

---

Landis+Gyr EMEA introduces new company name: EYKON
News
EYKON is the new company name of Landis+Gyr EMEA, formerly part of the Landis+Gyr Group. The company supports electricity, gas, water and thermal utilities in managing increasingly complex networks, improving operational efficiency and enabling more sustainable use of resources.

Read more...

---