Woodworking machines are used for process wood to get products with high precision and quality. The growth in construction activity and importance given to aesthetic look in residential and commercial buildings will likely increase the demand for wood products. The furniture industry also plays a major role in the growth of the global woodworking machines market. The demand for furniture is increasing worldwide due to remodeling of houses and offices or need to replace old furniture.
Technavio’s analysts forecast the global woodworking machines market to grow at a CAGR of 2.93% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global woodworking machines market for 2017-2021. To calculate the market size, the report considers the demand for woodworking machines.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Woodworking Machines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - Cantek America - Cheng Kuang Machinery - Gongyou Group - HOLYTEK INDUSTRIAL CORP. - KTCC Woodworking Machinery - WEINIG Group - Woodworking Machine-Oliver Machinery
Market driver - Increase in demand for engineered wood product and wooden furniture - For a full, detailed list, view our report
Market challenge - Impact of Brexit on the timber industry - For a full, detailed list, view our report
Market trend - Automation in woodworking machinery - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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