Well-oiled machine: Growing demand from downstream markets will continue to bolster revenue

Over the five years to 2017, the Woodworking Machinery Manufacturing industry has experienced a period of strong revenue growth. A recovery in downstream demand has driven overall industry revenue growth during the period, as the construction sector and wood product manufacturers reaped the benefits of improving economic conditions in the United States. Moreover, industry revenue is expected to continue growing over the next five years. Downstream customers, such as wood product manufacturers, carpentry contractors, and residential and nonresidential construction industries, will continue to be the major markets for the industry's products, while demand from households will improve as consumer confidence and per capital disposable continue to recover...read more.

Industry Statistics & Market Size
Revenue
$952m
Annual Growth 12-17
8.6%
Forecast Growth 17-22
Profit
Employment
3,743
Businesses
214
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Demand from manufacturing and construction have led to a steady uptick in industry revenue
  • Many domestic operators have relocated production to low-cost countries
  • Competition from substitute products, such as plastic, will continue to pressure demand
  • Industry Report - Industry Locations Chapter

    The Woodworking Machinery Manufacturing industry is concentrated in the Great Lakes (27.6%), Southeast (24.7% of establishments) and West (14.6%). The Southwest, New England, Plains and the Rocky Mountain regions account for the smallest share of industry establishments at 4.4%, 7.3%, 6.5% and 1.7%, respectively. By state, Wisconsin and Oregon account for the largest share of establishments, at 11.9% and 6.2%, respectively.For retail purchases (do-it-yourself and hobbyist purchasers) the geographic spread of retail trade establishments indicates that the location of stores is in direct proportion to regional population levels and consumer demand. Woodworking machinery and equipment for retail is sold through home centers, hardware stores and building materials companies...purchase to read more.

    Additional Insights for the Woodworking Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Woodworking Machinery Manufacturing Industry are

  • Having a diverse range of clients
  • Establishment of brand names
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Housing starts and Price of sawmill lumber in the Woodworking Machinery Manufacturing industry impact industry performance..

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    What is the Woodworking Machinery Manufacturing Industry?

    Operators in this industry manufacture sawmill and woodworking machinery, excluding handheld power tools (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.

    Industry Products
  • Sawmill equipment
  • Lathes, planers, molders and other equipment
  • Parts and accessories
  • Home workshop equipment
  • Industry Activities
  • Manufacturing bandsaws
  • Manufacturing stationary circular saws
  • Manufacturing dovetailing machines
  • Manufacturing drill presses
  • Manufacturing stationary jigsaws
  • Manufacturing stationary planers
  • Manufacturing presses for making composite woods (e.g. hardboard, medium density fiberboard and particleboard)
  • Manufacturing power-driven bench and table saws
  • Manufacturing shapers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Price of sawmill lumber
  • Value of private nonresidential construction
  • Trade-weighted index

  • Current Performance
  • Construction markets
  • Wood product manufacturers
  • Import competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction markets
  • Industry structure
  • Table: Woodworking Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Woodworking Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Industrial Building Construction
  • Carpenters
  • Sawmills & Wood Production
  • Wood Paneling Manufacturing
  • Millwork
  • Wood Pallets & Skids Production
  • Tool & Hardware Wholesaling
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing

  • Products & Services
  • Sawmill equipment
  • Lathes, planers, molders and other equipment
  • Parts and accessories
  • Home workshop equipment
  • Chart: Woodworking Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Sawmills, wood product manufacturers and housing markets
  • Consumer and contractor market

  • Major Markets
  • Industrial Markets
  • Wood Product Manufacturers including woodworking professionals
  • Exports
  • Household consumers
  • Chart: Major Market Segmentation for the Woodworking Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor costsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Woodworking Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Woodworking Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Woodworking Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Woodworking Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Band Saw
  • A saw in the form of an endless steel belt running over pulleys; also, a power saw that uses a vertically positioned blade.
  • Dovetail
  • To fit together into a unified or coordinated whole.
  • Lathe
  • A machine in which work is rotated about a horizontal axis and shaped by a fixed cutting, boring or drilling tool.
  • Why buy this report?

    IBISWorld’s industry research report on Woodworking Machinery Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Woodworking Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Woodworking Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Woodworking Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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