Savills’ Spotlight report reveals Europe must double semiconductor production to achieve 20% global output by 2030 under the EU Chips Act. €43B EU investment could create 10.8M sq m warehouse demand in 7 years.

Pandemic disruptions led to supply chain challenges, surging demand, and geopolitical complexities. China rose to 32%, US dropped to 12%. Andrew Blennerhassett from Savills sees AI, EVs, and cloud driving demand, potentially boosting logistics growth by 10.8M sq m by 2030.

Manufacturing links to industrial demand. EU’s 2021 manufacturing revenues at €5.2T, semiconductors at €53.8B (1% of total). Growth may raise this to 4.2% by 2030, fueling logistics.

Savills envisions 1.6M jobs and 4.2M sq m logistics demand from EU’s semiconductor push. Opportunities for Ireland, Germany, Italy, Poland, and Spain.

Marcus de Minckwitz, Savills, notes semiconductor interest grows, benefiting European markets. Diversity and onshoring, along with e-commerce, promise dynamic years ahead.

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https://www.savills.co.uk/insight-and-opinion/savills-news/350029/growth-of-semiconductor-production-across-eu-set-to-generate-10.8-sq-m-of-warehouse-demand-by-2030