Woodworking Processing Machinery– Global Forecast 2017 to 2021
Regarding to Technavio Insights research, the top 3 major factors of influence on the wood industry are: furniture industry, prefabricated wood houses and the third – EMEA and APAC.
The furniture industry will continue to dominate the market with $ 3.619 billion in revenue by 2021. Only in Germany, the sale of prefabricated houses increased by about 11.5% in 2015.
In 2016, EMEA was valued at $ 2.128 billion, followed by APAC with $ 1.04 billion.In 2016, the Global Market was evaluated at $ 3.821 billion and is expecting an increase of $ 4.414 billion. So, the incremental grow is quite high.
The top three emerging trends driving the global woodworking machines market are :
1. Automation in woodworking machinery
The emergence of intelligent machinery in the wood industry will reduce waste and increase production efficiency. In addition, this equipment helps to produce a range of attractive and affordable wood products.
2. Increase in demand for prefabricated wood house
This type of house are increasingly being demanded by consumers, who are attracted to their energy-efficient nature that is compliant with environmental regulations. Many manufacturers of prefabricated wooden houses, such as: bungalows, multi-storey houses, garages or carports have had increasing profits.
3. Robotic woodworking machines.
The innovation in technology has helped robotics in delivering large volumes and cost-effective solutions for manufacturing wooden products.
This article was presented by WoodBusinessPortal.com, one of the biggest European B2B timber market, with thousands of offers and demands for wooden products and woodworking machinery.