BANNOCKBURN, IL — The 2021 European EMS industry grew 9% year-over-year to more than €44 billion (US$48.9 billion), according to in4ma, an all-time high, beating the 2019 result by 1%. 

The top 109 companies, while representing less than 6% of the overall companies in Europe, generated nearly 75% of the production value, according to the firm’s recent survey.

Some 56% of the companies surveyed in 2021 showed higher revenue growth compared to their pre-Covid results of 2019. Companies are reluctant to increase prices, despite rising material costs.

There were 36 documented M&A events in Europe during 2021, and the measurement/instrumentation/control segment of electronics exhibited strong growth, especially in Germany, Austria and Switzerland.

“Once again Dieter Weiss has assembled and delivered the definitive best-in-class study for the industry,” said Philippe Leonard, senior director, IPC, Europe. “He received survey data from 225 companies, and his report contains vital data on revenue, order backlog, headcount, market segment share and general outlooks.”

“in4ma’s 70-page report should be treated as a must-have document for every EMS company looking to benchmark themselves in any meaningful way,” said Sanjay Huprikar, IPC president, Europe and South Asia operations.

Ed.: €1 = US$1.11

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