Global Woodworking Machines Market 2018-2022

Global Woodworking Machines Market 2018-2022

  • December 2018 •
  • 98 pages •
  • Report ID: 4706433 •
  • Format: PDF
About this market
IoT in woodworking machines to gain traction. IoT is an ever-growing network of physical objects that features an IP address, thus allowing it to connect to the internet and the communication between these objects and other internet-enabled devices. Technavio’s analysts have predicted that the woodworking machines market will register a CAGR of more than 3% by 2022.

Market Overview
Increasing adoption of automated woodworking machine
The increasing focus toward ensuring flexibility and highly personalized product in the woodworking industry has increased the need for highly specialized woodworking machinery in the production process.
Declining woods supply and increasing timber prices
Since the majority of demand is from the furniture industry, the fluctuation in wood supply and rising timber prices affected the woodworking machines market.
For the detailed list of factors that will drive and challenge the growth of the woodworking machines market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Michael Weinig and SCM Group the competitive environment is quite intense. Factors such as the IoT in woodworking machines and the increasing adoption of automated woodworking machine, will provide considerable growth opportunities to woodworking machines manufactures. Biesse Group, Dürr, IMA-Schelling-Group, Michael Weinig, and SCM Group are some of the major companies covered in this report.