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European EMS Industry to Drop 13% in 2009
September 8, 2009 | Business WireEstimated reading time: 2 minutes
With revenues forecast to decline by over 13% in 2009, the European EMS industry is facing a period of uncertainty and rapid change. In Western Europe, the leading Tier 1 EMS providers have already relocated volume manufacturing to lower cost locations. They have, however, retained a manufacturing presence and are looking to compete in the growth markets of aerospace and defence, medical, control and instrumentation and automotive and industrial as they recover in the 2010/2011 time frame. It is here that the real battle for the vast majority of the around 700 EMS companies in Europe will take place. Competition is expected to intensify with the emergence of regional players with multiple locations and strong focus on the growth markets. It is also the market being served by the large number, over 600, of national EMS providers with a single manufacturing facility and small, but long-established, customer base.
Increased competition will lead to consolidation as companies are acquired or close due to ever increasing financial pressures, although it is not expected that there will be a mass exodus of companies in the period to 2013. There is a more than distinct possibility that one, or possibly two, of the major Tier 1 EMS companies will merge. Mergers between the major European EMS providers is also a possibility although this is expected to be either on a national or sub-regional basis rather than pan-European.
A key trend in recent years has been the migration in EMS production from Western Europe to Central and Eastern Europe (CEE) resulting in the CEE accounting for just under 55% of European EMS revenues in 2008. This is expected to fall slightly in 2009 as the major Tier 1 EMS providers cut back production to meet lower demand. EMS revenues in the CEE forecast to decline by 17% during the year. As end demand recovers, so will the share the CEE accounts of the EMS market although the previous double-digit annual growth will reduce to an more pedestrian pace of 5 to 6% from 2010 to 2013. The transfer of production from Western Europe will continue to be an important factor in the region's growth in particular in lower volume high mix products.
The ninth edition of The European EMS Industry report 2008-2013 highlights the issues impacting the European EMS industry. This comprehensive report provides:
- An analysis and revenue forecasts for both West and East and Central Europe in a single report.
- The key trends impacting the major EMS companies by market group.
- Detailed profiles of the Top 20 European EMS companies, including a ranking for 2008.
- A ranking of the Top 50 EMS providers in Europe.
- Country and regional profiles including key trends, the role of the Global "Tier 1" companies and profiles of the major EMS companies.
- A directory of over 1,000 manufacturing locations.
Who Will Benefit
The EMS industry report is essential research for all areas of the electronics industry including:
- Distributors and manufacturers of electronic components and materials--The profiles and directory provide a detailed analysis of potential customers, highlights growth markets by country/region. Understanding and interpreting the market trends will also be important as this market further develops
- Production equipment suppliers--The profiles and directory provide a detailed analysis of potential customers, track key EMS trends.
- OEMs--A comprehensive guide to the major EMS companies in Europe. Analyze the structure of the industry and the emergence of four distinct groups of EMS company.
- EMS--The report provides a complete overview of the European EMS industry, including revenue forecasts by country, competitor information and the trends which will have an impact on business in the period to 2011.