• Shenyang Baoshan Woodworking Machinery

Home > News > Content
Woodworking Machines Market Value Share, Analysis And Segments 2017-2027
Jun 25, 2018

The Latest News:


Woodworking machines are largely adopted in countries, such as the U.S., China and Germany to deliver highly precise and quality products as per customer needs. These machines largely help manufacturers reduce wastage of wood and thereby, improve their profitability margin. Moreover, the increasing focus of customers to replace old furniture to rehabilitate their office and house is expected to drive growth of the global woodworking machines market. Additionally, the shifting focus of furniture manufactured using conventional tools to furniture manufactured using automatic machines is further projected to escalate the demand of woodworking machines in near future.

Based on operating principle, mechanical woodworking machines are expected to dominate the market. However, electric machines are anticipated to witness significant growth in near future, owing to increasing preference of smart machines in countries, such as the U.S., Europe and India. Based on end use industry, the furniture industry is expected to dominate the segment in terms of revenue, owing to the high adoption of automated machines to deliver high quality products to customers. However, the construction industry is expected to witness high growth in the near future, owing to increasing demand of these machines from the construction industry. The global woodworking machines market is expected to grow during the forecast period.

Increasing demand for wooden furniture and engineered wood is expected to drive the growth of global woodworking machines during the forecast period. Rise in residential and commercial buildings, clubbed with the increasing preference of occupants towards the aesthetic look of their buildings is further anticipated to fuel growth of the woodworking machines market. Additionally, increasing preference towards automation of manufacturing units to improve productivity and enhance overall efficiency is further expected to escalate the demand for woodworking machines in the near future.

One of the major factors restricting growth of the global woodworking machines market is lack of skilled labor. High initial cost of the machines, coupled with maintenance expenditure is anticipated to hamper growth of the woodworking machines market. Moreover, impact of BREXIT on the timber industry is expected to challenge the overall growth of the global woodworking machines market.