Europe’s rising defense spending opens new market for German machinery firms: Survey – Anadolu Ajansı

Europe’s rising defense spending opens new market for German machinery firms: Survey  Anadolu Ajansı

43% of machinery companies active in security, defense expect revenue from those businesses to at least double by 2030, VDMA survey shows 43% of machinery companies active in security, defense expect revenue from those businesses to at least double by 2030, VDMA survey shows | Anadolu Rising military spending across Europe is opening new growth opportunities for German machinery manufacturers supplying the defense industry, according to a survey by the machinery association VDMA. The survey of more than 330 member companies found that 43% of firms already active in security and defense expect revenue from those businesses to at least double by 2030, while another 46% anticipate modest growth. Nearly one in three companies operating in the sector expect revenue growth of at least 15% this year, with momentum projected to strengthen in 2027.

Next year, 35% expect growth of at least 15%, while another 39% forecast increases of between 5% and 15%. Despite those prospects, security and defense remain a relatively small business for most participating companies active in the sector, accounting for no more than 10% of total revenue for the majority. Machinery manufacturers contribute to European defense capabilities through production equipment, components, sensors, electronics, drone technologies and software. Some 61% of respondents identified potential applications for their manufacturing and production technologies in the sector. VDMA said 92%