Results of the 17th Composites Market Survey now available
- Highly positive rating of current business situation
- Future expectations are optimistic
- Varied expectations for application industries
- Still the same growth drivers
This is the seventeenth time that Composites Germany (www.composites-germany.org) has identified the latest KPIs for the fibre-reinforced plastics market. The survey covered all the member companies of the three major umbrella organisations of Composites Germany: AVK, Leichtbau Baden-Württemberg and the VDMA Working Group on Hybrid Lightweight Construction Technologies.
As before, to ensure a smooth comparison with the previous surveys, the questions in this half-yearly survey have been left unchanged. Once again, the data obtained in the survey is largely qualitative and relates to current and future market developments.
Highly positive rating of current business situation
After ratings of the current business situation had been steadily declining for nearly two years in succession, last year’s survey already displayed a trend reversal towards a more positive outlook. This positive trend has now continued in the latest survey, with entirely positive ratings for all three regions (Germany, Europe and worldwide). For example, 80% described the current general business situation as either positive or indeed very positive.