Wood Machinery forecast and CAGR
According to latest research by Fact.MR, wood machinery is set to witness steady growth during 2021-2031. Increasing demand from infrastructure, wooden products used in interior & exterior designs along with popularity of traditional furniture has been top trends leading the market from front.
Wood Machinery Market overview.
Wood machineries are seen prominent in countries like, China, U.S. and Germany in the view of supplying high quality and precise products as per customer demands and requirements. These machineries mainly help manufactures to decrease wood wastage and improve their profit margins.
It has been seen that wooden product manufacturing industries are experiencing decreased wood wastage and thereby, witnessing upsurge industries profitability margin with increments in the net sales. Furthermore, the growing demand for new customized furniture for house and office is anticipated to drive the market during longer run forecast period.
Furthermore, on the basis of operating type, mechanical operating machinery are predicted to lead the market from very front as far its prominent use cases. But, in forecast period electrically operating machinery are expected to observer notable surge in the view of reduction in time and will drive the market.
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COVID-19 impact on wood machinery market
The COVID-19 pandemic has severely hampered the production of wooden products in 2020, as supply chains have been muted as the trade restrictions and lockdowns implemented by governments of all regions around the world.
Measures by national governments to offset proliferation have led to discontinuation of industrial activity and the collapse of countries' economic bars is expected to have a negative impact on transactions throughout 2020 and continue into 2021.
However, it is estimated that the demand for wooden products manufacturing machines will increase in forecast period as wooden products demand is at surge and continuously portraying development trends.
What are demand drivers for wood machinery?
Growing demand for wooden furniture and engineered wood is expected to drive the market growth during the forecast period. Increase in commercial and residential constructions, clubbed with the growing preference for artistic look of home decor is further projected to fuel the overall growth.
Increasing developments in machines will helps to create attractive designs, with various wooden furniture along with decreased conventional risks of water spoilage and termite attacks is now finding peculiar importance.
Furthermore, demand for traditional furniture is elevating in residential sector more than commercial sector. Due to increase in applications of wooden products in homes such as for interior & exterior decoration, cupboards and other applications market is witnessing prosperity. This is boosting the global market as demand for wooden furniture like dining sets, sofa sets, chairs and beds is constantly soaring.
With increased people’s disposable income, consumers will increases spending on home decor utility products like furniture, which leads to increase demand for wooden products along with government policies to use eco-friendly products are fueling demand for wood machineries.
Furthermore, increasing preference for automation of manufacturing components towards productivity and augment overall effectiveness is further predicted to intensify wood machinery demand in future.
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North America wood machinery market overview
In North America region, Canada and U.S. have nearly 60% of total forest which provides raw material for wooden products also these countries have numerous wooden products manufacturing industries which uses wood machineries for designing products. Moreover, most of industries are using mechanically and electrically operating machineries for performing activities.
Asia Pacific wood machinery market overview
Asia Pacific accounts as the second largest region where countries are focusing on infrastructure and construction sector with rapid surge. These region prosper rich raw material and economical labors to witness upper hand over other regions. Manufacturers are using automated machinery to provide efficient, optimum and faster production along with reduced wood waste.
Most of machinery works without workers intervention and therefore is set to thrive the consumption potential. Furthermore, most of existing key players are concentrating over positioning more manufacturing plants in this region to further penetrate global market potential.
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Who are the key manufacturers of wood machinery?
Some of the leading manufacturers of wood machinery are,
- Paolino Bacci
- ROJEK Woodworking Machinery
- Biesse Group
- Otto Martin aschinenbau GmbH & Co. KG
- SCM GROUP S.p.A
- HOMAG Group
- Michael Weinig AG
- Dura Wood Working Machinery Industry & Trade Company Ltd.
- Oliver Machinery Co
- many others
Most of manufactures in the global market are strategizing their concentration over manufacturing products using mechanically and electrically operating machineries and implement technologies like ultra-flexible laser cutting method to showcasing development and innovation edge.
Wood Machinery report highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Machine Type
- Saws and Drills
- Large Table Saws
- Small Handled Jigsaws
- Handheld Saber
- Circular Saws
- Fixed Base Routers
- Plunge Router
- Combo Router Kits
- Firmer Chisel
- Bevel Edge Chisel
- Bench Chisel
- Masonry Chisel
- Other Chisels
- Surface Planers
- Standard blades
- Tersa type blades
- Coil shafts with silenced plates
- Thickness Planer
- Surface Planers
- On Driving Mechanism
- Crank Type Shaper
- Geared Type Shaper
- Hydraulic Type Shaper
- On Ram Travel
- Horizontal Shaper
- Vertical Shaper
- On Table Design
- Standard Shaper
- Universal Shaper
- On Cutting Stroke Type
- Push Cut Type Shaper
- Draw Cut Type Shaper
- On Driving Mechanism
- Operating Type
- End-use Industries
By Sales Channel
- Super and Hyper Market
- Convenience Store
- Direct Sales
- Third Party E-Commerce Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- Northern Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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