EUMABOIS expresses market confidence for 2017

01-01-2017
EUMABOIS,2017

EUMABOIS, the European Federation which represents over 800 companies in the woodworking technology business, looks back at its 2016 achievements and expects a positive outlook for 2017.

 

2016 highlights

  • The Board appointed Mr Juergen Koeppel from Leitz as President and Mr Luigi De Vito from the SCM Group to Vice President.
  • The International Monetary Fund expects a 1.9 percent GDP growth in the EU, a figure relatively lower compared to the world average of 3 percent and Asia’s projected 5 percent. However, this is an improvement compared to the past few years of near zero growth rates.
  • Two significant exhibitions—HolzHandwerk in Nuremberg and Xylexpo in Milan—reaffirmed the importance of the European market and necessity to adopt internationalisation as a strategic business decision.

 

Looking towards 2017

  • The picture so far suggests that the industry has overcome the 2009 global financial crisis. Some global political and economic uncertainties include:
  • Post-US election results demonstrated a strong desire for change in a country that is still the world’s second largest furniture producer.
  • Some countries in North Africa and Asia are suffering from domestic troubles that slow down buying, while competition from China, the world biggest furniture producer, is getting stronger.
  • 2017 should bring good opportunities, though success will depend on the commitment and determination to improve performance, innovate and adapt to change.

Subscribe to our newsletter