Global wood and laminate flooring market to reach $30.9 billion by 2021; expected to see 4.2% CAGR from 2016 to 2021
The event set to attract 300 + exhibitors from 98 countries, with 7 country pavilions
Dubai International Wood & Wood Machinery Show is set to break records as the biggest wood and woodworking machinery trade show in the Middle East from 7th – 9th of March 2017 in Dubai World Trade Centre. Organised by Strategic Marketing and Exhibitions, the event will gather wood specialists from the region and across the globe.
According to “Growth Opportunities in the Global Wood and Laminate Flooring Market” 2016 Report, the global wood and laminate flooring market is projected to reach $30.9 billion by 2021, and is forecast to grow at a CAGR of 4.2% from 2016 to 2021. The major drivers of growth are new construction projects and renovation activity.
“The UAE woodwork industry is growing consistently mainly because of the huge demand in the local market and the surging construction activity. In 2015, the country’s wood imports reached US$ 908.9 million, according to the Ministry of Economy. The forth comingedition of Dubai WoodShow will provide a perfect platform to unveil the latest machinery and wood products and allow suppliers, manufacturers and others to meet and connect,” said Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions.
“The previous edition welcomed 8,082 high quality trade professionals and 264+ exhibitor from 98 countries, included 500 brands, suppliers and manufacturers. We expected an increase of 20% in the upcoming edition. The exhibition area has increased to 17,388 sqm, compared to 13,680 sqm in the previous edition. The event is acquiring a wider reputation year after year and serves as a global venue where the latest global technologies and best practices will be displayed,” added Mr. Al Shezawi.
Exhibiting companies will showcase wood products in the following categories: lumber; wood windows, doors, flooring, and other millwork, plywood, veneers, engineered wood products, wood containers and pallets and manufactured homes. Exhibitors who have confirmed their presence represent countries like Saudi Arabia, Bahrain, Qatar, India, Pakistan, China, Vietnam, USA, Canada, Chile, Uruguay, Suriname, Portugal, Italy, Germany, Austria, Turkey, Finland, France and other European countries.