The 7th International Furniture Manufacturing and Wood Working Machinery Exhibition
Venue: Jakarta International Expo, JAKARTA-INDONESIA || Date: 26-29 Sept. 2018
RB OVERSEAS is authorized Indian agent for IFMAC AND WOODMAC 2018 INDONASIA
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.
Exhibit at IFMAC & WOODMAC 2018, to boost further the furniture industry development in Indonesia and the region.
Sources: Technavio - Global Woodworking Machines Market from 2017-2021, Feb 2017 • CSIL, Centre for Industrial Studies - World Furniture Outlook 2017, Dec 2016