15th International exhibition of equipment and technologies
for woodworking and furniture production
14 - 17 November 2017 Russia, Moscow, Crocus Expo, pavilion 1

Woodworking Machines Market– Global Forecast 2017 to 2021

News
The main purpose for the woodworking machine usage is to eliminate the huge wastage of the wood, which indirectly increases the profitability margin. This equipment is used globally, both in developed and less developed countries for delivering high-quality products to the customers.

The growth in the number of the commercial and residential buildings along with the increase in the preference of the consumers to have an attractive look to their buildings is the main reason for fueling the growth of the woodworking market.

According to Zion Market Research, there are some factors that will restrain the market growth. These are: lack of skilled labor availability, the growing maintenance expenditure and the increased initial cost of the machines.  The wood industry was severely affected by the BREXIT, which negatively affected the woodworking machine market.

Regarding to regional analysis, the global woodworking machine market is dominated by the North America.  It is predicted that in the coming years, Europe and Latin America will also have a significant market growth. As for the Asia Pacific region, there will be a great revenue growth owing to the increasing constructional projects in the developing regions such as India and China. Regions such as the Middle East and Africa will have moderate market growth because of limited purchases of woodworking machines.

This article was presented by WoodBusinessPortal.com team, one of the largest business to business markets in Europe, with thousands of offers and demands for wooden products and woodworking machinery.