Market size and future development trend of China's woodworking machinery industry

Market size and future development trend of China's woodworking machinery industry

In recent years, the development of China's woodworking machinery industry has achieved very brilliant results. Since 2015, its market size has maintained rapid growth. According to the 2023-2029 China Woodworking Machinery Industry Market Research and Investment Forecast Analysis Report released by Market Research Online, in 2017, the total size of China's woodworking machinery industry reached 145.445 billion yuan, an increase of 10.43% over 2016; in 2018 , the total size of China's woodworking machinery industry reached 172.058 billion yuan, an increase of 18.03% over 2017.

With the development of woodworking machinery industry, the scale of woodworking machinery manufacturers is also expanding. In recent years, the number of woodworking machinery manufacturers in the industry has gradually increased. In 2017, there were more than 2,000 woodworking machinery manufacturers in China's woodworking machinery industry, and in 2018 it reached 2,200.

At the same time, the technical level of China's woodworking machinery industry is also constantly improving. Enterprises in the industry have begun to invest heavily in research and development to launch more advanced, more efficient, and more environmentally friendly woodworking machinery products to meet consumers' growing demand for woodworking machinery.

In addition, with the intensification of market competition, consumers' requirements for quality, brand, cost performance, etc. are also constantly improving, and woodworking machinery manufacturing enterprises are also accelerating transformation and upgrading to meet the needs of consumers.

Generally speaking, the market size and future development trend of China's woodworking machinery industry have great potential. In the next few years, with the further development of my country's furniture industry, the market size of China's woodworking machinery industry will further expand, and With the development of science and technology, woodworking machinery manufacturing enterprises will invest in technology research and development to improve product quality and brand image, so as to achieve higher efficiency and higher quality production