India Wood Processing Equipment Market to be dominated by Industrial segment in the forecast period

Ongoing technological advancements and the growing demand for aesthetic products to drive the India Wood Processing Equipment Market.

According to TechSci Research report, “India Wood Processing Equipment Market- By Region, Competition Forecast & Opportunities, 2019-2029F,” the Indian market for wood processing equipment is anticipated to witness growth during the projected period. Wood processing equipment plays a crucial role in transforming raw wood into various products such as bars, sheets, plywood, and other wooden items. The increasing adoption of automation technology and precise design to ensure the production of high-quality wooden products is a significant driving factor for the development of the wood processing equipment market in India. These equipment are versatile and offer users flexibility throughout the production cycle, contributing to the production of well-crafted wooden items. Market players are dedicated to enhancing the consumer experience, promoting adaptability, and delivering highly personalized products. They leverage advanced wood processing equipment to offer engineered wooden items, including furniture, to end-users.

Efforts are being made to automate wood processing equipment manufacturing to improve quality of products. Market players are adopting advanced technologies to improve the supply chain process. Many wood manufacturing companies are implementing their own tracking systems and technologies to enhance transparency throughout the entire process. The continuous growth in population in India is driving the demand for household items, and the increasing disposable income is making quality wood products more affordable for consumers. The focus of customers on refurbishing office furniture and replacing old furniture is further stimulating market demand.

Companies are making significant investments in the market. For example, in March 2023, the Weinig Group, a leading manufacturer of woodworking machinery, announced a USD10 million investment to expand its manufacturing facility in India. This expansion is expected to create 100 new jobs and increase the company's production capacity by 25%. Similarly, in February 2023, BIESSE, another prominent manufacturer of woodworking machinery, announced a USD5 million investment to establish a new manufacturing facility in India. These investments indicate the future growth potential of the market.

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The India Wood Processing Equipment market is categorized based on operating principle, product type, end use, region, and competitive landscape. In terms of operating principle, the market can be divided into Mechanical and Electrical segments. The product types in the Indian Wood Processing Equipment market include Thickness planer, Grinding machines, Chain/chisel mortise, Routers, Wood lathes, and others. The market is further segmented by region into West, North, South, and East.

Segmenting the market by end user, the wood processing equipment market in India is classified into Residential, Commercial, Industrial, and Infrastructure sectors. The industrial segment dominates the market due to the growing demand for wood processing equipment from the furniture, construction, and packaging industries. The furniture industry in India is experiencing rapid growth, driven by both domestic and international demand. Wood processing equipment plays a crucial role in cutting, shaping, and assembling wood in the furniture industry.

Among the operating principles, the electrical machines segment is projected to witness the highest incremental growth in the coming years, as there is an increasing demand for smart machines to achieve better results. In terms of product type, the wood lathes segment is expected to witness significant development. The use of advanced CNC machines for manufacturing high-quality wood products and achieving the highest precision further contributes to the growing market demand.

Overall, the Indian Wood Processing Equipment Market offers a range of opportunities across different segments, driven by the demand from various industries and the need for advanced machinery to meet evolving requirements.

Key market players in the India Wood Processing Equipment Market include:

• Durr India Pvt Ltd
• SCM Group
• Biesse India
• Black & Decker India Private Ltd
• DELTA Power Equipment
• Felder Group India
• Paolino Bacci S.r.l.
• Michael Weinig AG
• Homag India Pvt Ltd
• Nihar Industries

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“The investments made by the governing authorities in high-end infrastructure projects, such as the construction of highways, ports, bridges, houses, buildings, and workplaces, which require wood items for completion, are expected to drive the demand for wood processing equipment in the Indian market. The thriving construction industry and the introduction of advanced wood processing equipment with higher efficiency and precision are influencing the market demand. Additionally, the presence of favorable government policies supporting the growth of small and medium-sized businesses and domestic manufacturing of products is expected to further boost the growth of the Indian wood processing equipment market, along with other contributing factors,” according to Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm.

“India Wood Processing Equipment Market By Operating Principal (Mechanical, Electrical), By Product Type (Thickness Planer, Grinding Machines, Chain/Chisel Mortise, Routers, Wood Lathes, and Others), By End User (Residential, Commercial, Industrial, Infrastructure), By Region, Competition Forecast & Opportunities, 2019- 2029F,” has evaluated the future growth potential of India Wood Processing Equipment Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India wood processing equipment market.

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