Published on : Tuesday, April 24, 2018
INDUSTRY INSIGHT is an informational publication dedicated to all furniture industry players in and around Indonesia. News featured spotlight the latest trends and developments in Indonesia’s furniture industry scene as well companies’ contribution to the local market. This publication is also distributed as a promotional material to enhance exhibitors’ visibility and to showcase their participation at IFMAC and WOODMAC.
Spotlight on woodworking machinery demand in furniture industry
• Global woodworking machines market size is expected to reach USD 4.414 billion by 2021 with nearly 3% CAGR
• Asia Pacific market achieved USD 1.04 billion value in 2016 and expected to expand widely over next 5 years
• Furniture industry will continue to dominate share of woodwork machinery market with USD 3.619 billion revenue by 2021
• Asia Pacific is the world’s fastest growing market where furniture consumption (at production prices, excluding retail markup), has grown from US$ 118 billion in 2010 to US$ 177 billion in 2016
Indonesia is progressing strongly and on-track to increase its share of the global furniture production market. IFMAC & WOODMAC 2018 is inviting exhibitors to exhibit and to boost further the furniture industry development in Indonesia and the region.
Tags: atest trends and developments, dedicated, furniture industry players, IFMAC & WOODMAC, indonesia, Indonesia’s furniture industry, Industry Insight, informational publication, News featured spotlight, spotlight, woodworking machinery