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: Growth through inclusivity
Technews Publishing News
As the engineering fields in South Africa continue to make progress toward gender equality, we are finally starting to see the presence and contribution of women in engineering and industrial roles.

Read more...

---

KITE 2025 proves its value
News
The KwaZulu-Natal Industrial Technology Exhibition (KITE) 2025 confirmed its place as KwaZulu-Natal’s must-attend industrial event, drawing thousands of industry professionals.

Read more...

---

Otto Wireless Solutions announces promotion of Miyelani Kubayi to technical director
Otto Wireless Solutions News
Otto Wireless Solutions is proud to announce the promotion of Miyelani Kubayi to the position of technical director, effective 1 August 2025.

Read more...

---

DMASS experiences continued slowdown
News
The European electronic components distribution market continued its downward trajectory in the second quarter of 2025, according to new figures released by DMASS.

Read more...

---

World-first zero second grid-to-backup power switch
News
JSE-listed cable manufacturer, South Ocean Electric Wire, has completed a solar installation it says marks a global first: a seamless switch from grid to backup power in zero seconds.

Read more...

---

News
OMC deploys cobots to improve throughput 10x, while maintaining quality and ensuring consistency of fibre optic production.

Read more...

---

Cobots for opto production line
News
OMC deploys cobots to improve throughput 10x, while maintaining quality and ensuring consistency of fibre optic production.

Read more...

---

SACEEC celebrates standout industrial innovation on the KITE 2025 show floor
News
Exhibitor innovation took the spotlight at the KITE 2025 as the South African Capital Equipment Export Council announced the winners of its prestigious New Product & Innovation Awards.

Read more...

---

SA team for International Olympiad in Informatics
News
The Institute of Information Technology Professionals South Africa has named the team that will represent South Africa at this year’s International Olympiad in Informatics.

Read more...

---

Anritsu and Bluetest to support OTA measurement
News
Anritsu Company and Sweden-based Bluetest AB have jointly developed an Over-The-Air measurement solution to evaluate the performance of 5G IoT devices compliant with the RedCap specification.

Read more...

---