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European Components Distribution (DMASS) Q4 2024 and Full Year 2024 Results Announcement

Q4 Key facts:

  • European Components Distribution declines by -24.7% to 3.39 billion Euro.
  • Semiconductors decline 30,31% to 2.16 billion Euro.
  • Interconnect, Passive & Electromechanical (IP&E) decline to 1.23 billion Euro (-12.3%).
  • Outlook: 2025 will bring moderate growth rates, allowing us to rebound from the recent quarters of decline in our industry.

Key quote: Hermann Reiter, Chairman DMASS Europe: "In 2024, the distribution industry in EMEA faced significant challenges, with losses of 5.6 billion Euro (-26,2%) compared to 2023. The semiconductor sector was particularly hard-hit, accounting for a reduction of 4.7 billion Euro (-31,9%). Despite these setbacks, we firmly believe in the resilience and potential of a united Europe. By fostering collaboration and innovation, we can turn these challenges into opportunities for growth and prosperity."

Note to editors: DMASS Europe represents ~85% of European components DTAM.

Berlin, February 05, 2025 – Hermann Reiter, chairman of DMASS: As the Chairman of DMASS, it is my duty to present the results for Q4 2024 and the full year 2024. The past year has been exceptionally challenging for the distribution industry in EMEA, and we are facing the harsh reality of significant revenue losses.

In 2024, the overall distribution industry in EMEA experienced a staggering loss of more than 5.6 billion Euro compared to 2023. The semiconductor sector bore the brunt of this decline, accounting for a majority of the losses, with a reduction of 4.7 billion Euro.

This imbalance in the drop across various technologies highlights the consequences of un-equalized inventory flooding. DMASS, encompassing both the Semiconductor and IP&E segments, saw an overall decline of more than 26% in 2024 compared to 2023, equating to a quarter of our sales to customers and the market.

The IP&E segment experienced a year-over-year drop of 13.5%, with a 12.3% decline in Q4 2024 compared to Q4 2023. However, the semiconductor business faced a more severe downturn, with a 31,9% decrease compared to 2023 and a 30.3% drop in Q4 2024 compared to the same period last year.

Among the countries most affected in Q4 were Austria (-41%) and Germany (-36%), followed by Sweden (-37%), Turkey(-30%)  and Benelux (-29%). Lowest decline Norway, Baltic States, Spain and Rest of Europe (below 10%) whereby Ireland was able to grow  (+3%). 

 

Semiconductors (Q4):

 

Semiconductor distribution sales in Europe shrank by almost 30% to 2.16 billion Euro, the lowest sales value since Q1/2021. Worst among the big countries was Germany with a minus of nearly 42%.

Country/Region Semi Total k€ Change Q4/Q4
UK 162.386 -30,03%
IRELAND 29.037 8,00%
GERMANY 502.538 -41,64%
FRANCE 172.090 -24,91%
ITALY 173.929 -30,44%
SWITZERLAND 98.237 -19,08%
NORDIC 182.614 -28,45%
BENELUX 83.809 -31,98%
IBERIA 135.094 -3,21%
AUSTRIA 42.441 -47,92%
RUSSIA -1 -100,00%
EASTERN EUROPE 411.831 -25,68%
ISRAEL 94.394 -23,98%
TURKEY 40.989 -39,17%
OTHER 33.887 -11,72%
DMASS Semi Total 2.163.274 -30,31%

At the product side, weakest sales were in MOS Micro and Standard Logic with a minus of over 40%. Only Optoelectronics and Programmable Logic seemed to do much better than average with “only” 14% and 5% minus. See table below.

Product Group Semi Total k€ Change Q4/Q4
DISCRETE 118.735 -17,65%
POWER 225.035 -37,47%
SENSORS & ACTUATORS 62.297 -23,99%
OPTO 186.666 -14,61%
ANALOG 559.246 -30,92%
MEMORY 197.657 -29,46%
MOS MICRO LOGIC 447.824 -41,04%
PROGRAMMABLE LOGIC 226.112 -5,47%
STANDARD LOGIC 18.670 -44,09%
OTHER LOGIC 121.032 -31,89%
DMASS Semi Total 2.163.274 -30,31%

 

Interconnect, Passive and Electromechanical Components (Q4):

In IP&E we see a further constant decline of the distribution market of -12.3% to 1.23 billion Euro. Germany, Austria and Benelux are still showing an over-proportional steep decline. Interesting to see Israel growing 16.2% in Q4.

Product-wise Passives are still showing a bigger minus than Electromechanical components and Power Supplies. The biggest minus can be seen with Film Capacitors with -26.1%, while Sensors show a growth of 13%. (see tables)

Product Group IP&E Total k€ Change Q4/Q4
PASSIVES 440.644 -16,28%
ELECTROMECHANIC 692.785 -9,66%
POWER SUPPLIES 95.071 -11,68%
DMASS IP&E Total 1.228.499 -12,30%

 

Country/Region IP&E Total k€ Change Q4/Q4
UK 136.809 -10,04%
IRELAND 10.852 -7,28%
GERMANY 254.175 -20,60%
FRANCE 131.591 -6,60%
ITALY 117.973 -9,91%
SWITZERLAND 37.310 -16,10%
NORDIC 119.959 -7,72%
BENELUX 53.225 -25,02%
IBERIA 71.639 -9,59%
AUSTRIA 28.734 -28,07%
RUSSIA 142 -22,77%
EASTERN EUROPE 173.334 -8,37%
ISRAEL 39.129 16,21%
TURKEY 31.024 -12,94%
OTHER 22.601 3,70%
DMASS IP&E Total 1.228.499 -12,30%

 

Chairman Hermann Reiter concluded:

“Despite these challenging times, we strongly believe that 2025 will bring moderate growth rates, allowing us to rebound from the recent quarters of decline in our industry.

A strong Europe will be essential to drive growth for our industry and customers.”

About DMASS:

DMASS Europe e.V., (until end of 2022 DMASS Ltd.) a European non-profit organisation, is the only industry body that collates detailed electronic components distribution market data on a quarterly basis by country and product groups such as Microcontrollers, Flash Memories, Analog components, Passives, Electromechanical products and many more.

DMASS was founded in 1989 and provides its members with a reliable statistical tool to evaluate their relative mass-market performance. The organisation consists of 40 active members in 2023 and represents between 80% and 85% of the total European distribution market, depending on the regions. To continuously increase its European market coverage, DMASS welcomes new membership applications from distributors and electronic components manufacturers.

 

Membership contact:

Press Contact:
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DMASS Europe e.V.
Andreas Falke (GF)
Ludwigkirchplatz 8
10719 Berlin

This email address is being protected from spambots. You need JavaScript enabled to view it.
+49 1748 702 753
www.dmass.com

 

DMASS Statistics:

 

Manufacturer Members Distributor Members
Amphenol Anglia
ams OSRAM Arrow
Analog Devices Avnet EMEA
Diodes Zetex Codico
Infineon Digi-Key
ISSI Distrelec
Kemet EBV Elektronik
KIOXIA Europe Eurotronics
Littelfuse Farnell
Macronix Future
Micron Mouser
Murata RS Components
Nexperia Rutronik
NXP TTI
onsemi WPG EMEA
Panasonic  
Phoenix Contact  
Recom  
Renesas Electronics Europe  
Rohm Semiconductor  
Samtec  
STMicroelectronics  
TDK  
TDK Lambda  
TE Connectivity  
Toshiba Electronics Europe  
Vishay Semiconductor  
Western Digital Corporation  
Winbond  

 

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