Market Overview

Global Woodworking Machines Market 2018-2026 - US$ 400 Bn Craft & Furniture Industry Creating a Positive Impact on the Market - ResearchAndMarkets.com

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The "Global
Woodworking Machines Market Size, Market Share, Application Analysis,
Regional Outlook, Growth Trends, Key Players, Competitive Strategies and
Forecasts, 2018 To 2026"
report has been added to ResearchAndMarkets.com's
offering.

The woodworking machines market was valued US$ 4.23 Bn in 2017 and
estimated to grow with a CAGR of 3.7% during the forecast period from
2018 to 2026.

From ancient weapons to modern day furniture, woodworking has a long and
inseparable history with the evolution of mankind. Wood has been the
main element of construction and structural architecture for almost
every civilization on Earth. With numerous different metals and
composite material at disposal, wood still maintained its utility,
functionality, and demand in this modern era. Incorporation of power
tools and the introduction of CNC technology have changed the face of
present-day woodworking with better efficiency and fast working.

Rapidly flourishing construction industries and continuous rising demand
for craft and furniture in developing countries of Asia Pacific, Middle
East & Africa and Latin America stimulating the demand for woodworking
machines. Manufacturers identified the opportunities and invested in
promotions and expansion of their geographical presence. Introduction of
e-commerce certainly helped manufacturers to claim their market share in
these developing regions. Maintenance, repair and overhauling processes
in marine and locomotive industries require processed wood panels on a
large scale. This also is a vital factor for the woodworking machines
market to grow steadily throughout the forecast period from 2018 to 2026.

Cut-throat competition is been faced by major international companies
from local woodworking machine manufacturers due to highly fragmented
nature of the market. Product development and constant enhancement in
the existing products is one of the prime strategy observed by majority
of leading brands to maintain market position. In addition, the
introduction of e-commerce helped these companies to proliferate their
businesses beyond their geographical presence.

Key Analysis Covered:

  • Latest trends in woodworking machines market and growth opportunities
    for woodworking machine manufacturers
  • US$ 400 Bn craft & furniture industry creating a positive impact on
    the overall woodworking machines market
  • Different range of products offered by leading manufacturers for
    several end-use applications
  • Largest and fastest growing segments in terms of product type, sales
    channel, and end-use industries
  • Most prominent geographical regions/ countries for the woodworking
    machines market
  • Introduction of e-commerce and computer operated numeric control (CNC)
    and their effect on market value for woodworking machines market

Companies Mentioned

  • Avant Tecno Oy
  • Redwood Global Ltd.
  • Changzhou LEFA Industry and Trade Co., Ltd.
  • EMB MFG, INC.
  • EMB MFG, INC.
  • Trelan Manufacturing.
  • UNTHA shredding technology GmbH
  • Salsco, Inc.
  • Laitilan Metalli Laine Oy
  • Vermeer Corporation
  • Teknamotor Company
  • Bandit Industries, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/c5ljb5/global?w=4

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