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Mondo Macchina interviewed the president of Comacomp Fausto Mazzali on the short and medium term market prospects for the component sector. 2024 looks like a year full of challenges and uncertainties for Italian manufacturers

The sector, which has a countercyclical vocation, has been growing for five years but could slow down in 2023. For the last months of the year manufacturers expect a drop in orders and revenues, due to tensions in the commodity market and the monetary tightening. The weight of the geopolitical variable

On the eve of EIMA International, Mondo Macchina meets the president of Comacomp, Pier Giorgio Salvarani, to take stock of the performance of the components sector in the first ten months of the year. In 2022 the sector is expected to record a drop in turnover, penalised by high production costs and aggressive competition from China, India and Turkey

Estimates from the Italian manufacturers' association indicate turnover increases of more than 20% for 70% of manufacturers in 2021. Positive indicators also for the first half of 2022, and good future prospects due to electronic technologies, which are becoming increasingly important in the sector and are pushing agricultural mechanics towards the digital transition

Following what has now become a tradition, the Comacomp Inventory is presented at EIMA International. This book is both a promotional and informative tool providing a comprehensive overview of the components sector

Mondo Macchina spoke to Pier Giorgio Salvarani, the new president of Comacomp. "The agricultural machinery industry has its historic structure in Europe and the United States, areas where the most prestigious brands are located and where technological innovation is at the forefront. Then there is an emerging structure in countries such as India, China, Turkey and Brazil, where machinery demand is growing and where a local industry is rapidly developing."

Comacomp President Alessandro Malavolti presents the strong points of the Italian industry in this sector. Technological quality and ongoing investments in research and innovations are the principle weapons for competing on international markets and beating back the competition of low-cost products manufactured in emerging countries

Estimates made public by the Comacomp manufacturers are pointing to an increase in sales abroad and in Italy in the first quarter of the year. Production in 2013 reached a value of 1.7 billion euro with more than 80% of these sales accounted for by exports. President Malavolti affirmed that Italian products are warmly welcomed by foreign industries and underscored the great expectations for the components salon coming up in November in Bologna in the EIMA International setting