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The UAE Wood Industry Will Be Riding High By 2020

The demand for wood, wood products and the woodworking industry is expected to grow further due to the ongoing construction projects. The wood and woodworking machinery industry will be impacted by the massive construction projects in upcoming years. Over the next two years the wood industry in the UAE is expected to grow strong.

The GCC's massive construction activities-especially in Dubai-are linked to infrastructure projects and will continue to drive demand for wood products in the years ahead. There's no doubt that the construction boom represents unrivalled opportunities for all industries , particularly the wood industry, which is likely to get a shot in the arm from construction projects worth USD 2.4 trillion in the region. The increase in building activities will continue to drive demand for wood products, wood-based furniture, interior decoration, woodworking machinery and wood flooring materials, all required for the new buildings and hotels that are being constructed in the lead up to the mega fairs.

According to experts, the demand for wood products is expected to be driven also by the new hotel projects, as hotel developers are racing against time to deliver branded hotels. Wood products manufacturers and suppliers can exploit the fast-growing market in the region and reap the benefits of unprecedented opportunities created by the expansion of the construction market in the UAE.

The demand for wood and furniture seems very promising, particularly with 70 per cent of timber and wood products being used in the construction industry, while the rest are used in real estate, interiors, furniture and other industrial applications.

Source : Bizmart
Posted on :9/11/2020