Woodworking Machinery Manufacturing in the US - Industry Market Research Report

Woodworking Machinery Manufacturing in the US - Industry Market Research Report

  • September 2019 •
  • 37 pages •
  • Report ID: 209095 •
  • Format: PDF
Awl is well: The rapid growth in housing starts that drove previous revenue gains is expected to decelerate

Abstract

Woodworking Machinery Manufacturing in the US
Operators in the Woodworking Machinery Manufacturing industry manufacture woodworking and sawmill machinery. Over the five years to 2019, the Woodworking Machinery Manufacturing industry has experienced strong revenue growth. Industry performance relies heavily on the residential, commercial and institutional construction markets. Booming construction activity, particularly for residential structures, has supported the industry’s revenue growth during the period. Over the five years to 2024, IBISWorld forecasts industry revenue to continue to increase. Housing starts are projected to rise at a signicantly decelerated rate compared with the previous period. However, the trade-weighted index, which measures the relative strength of the US dollar against its trading partners, presents a potential positive growth factor as the US dollar is expected to depreciate slightly. This is likely to make US-manufactured products more competitive in outside markets, aiding export recovery from a prolonged slump.

Operators in this industry manufacture sawmill and woodworking machinery, excluding handheld power tools (IBISWorld report 33399). Manufactured machinery includes circular and band sawing equipment, planing machinery, sanding machinery, band saws, circular saws, jigsaws, jointers, lathes, mortises, power-driven bench and table saws and other woodworking machines.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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