Consumer confidence and per capita disposable income are expected to recover in the next few years, boosting demand from households for the industry's products. Downstream industries, such as wood product manufacturers, carpentry contractors, and residential and nonresidential construction industries, are also expected to pick up, supporting renewed revenue growth.
Firms in this industry manufacture sawmill and woodworking machinery, excluding handheld power tools (see IBISWorld Report 33399). Manufactured machinery includes circular and band sawing equipment, planing machinery, sanding machinery, band saws, circular saws, jigsaws, jointers, lathes, mortises, power-driven bench and table saws and other woodworking machines.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.