The Industrial Use segment is expected to dominate the Global Wood Processing Equipment Market in the forecast period
One
of the most compelling drivers behind the rise of the Ongoing technological
advancements and the growing demand for aesthetic products.
According
to TechSci Research report, “Global Wood Processing Equipment Market - By
Region, Competition, Forecast & Opportunities, 2028”. The Global Wood Processing Equipment Market is expected
to grow with a CAGR of 4.28% during the forecast period. The rise in the
selection of automation technology and exact design to deliver quality wooden
items is the key driving calculation for the wood processing equipment market
development. Wood-preparing equipment is flexible for users within the entire
production cycle and makes a difference in the arrangement of wooden items.
Showcase players are putting efforts to improve the shopper encounter to
upgrade adaptability and give exceedingly personalized items. Advertise players
utilize progressed wood preparing equipment to convey exceedingly built wooden
items, counting furniture, to the end-users.
Typically
making the request to computerize the wood preparing gear for making quality
items. Showcase players are receiving progressed technologies to develop the
supply chain handle. Numerous wood manufacturing companies are actualizing
their claim following frameworks and innovation to extend straightforwardness
within the whole handle. The persistent rise in the population is boosting the
request for household items, and the developing expendable pay is expanding
customers' reasonableness to purchase quality wood items. Expanded center of
the clients for restoring the office furniture and supplanting the ancient
furniture is encouraged cultivating the showcase request.
Renewable
and sustainable materials are poised to be a significant driving force behind
the global wood processing equipment market. As the world grapples with
environmental concerns and strives for more eco-conscious practices, the demand
for wood products, which are inherently renewable and sustainable, has been
steadily rising. This shift in consumer and industry preferences is fueling the
need for advanced wood processing equipment, and several key factors underscore
this trend.
Browse
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Global
Wood Processing Equipment market is segmented based on operating principle,
product type, end use and by region. Based on operating principal, Wood
Processing Equipment market can be segmented into Mechanical, Electrical. Based
on Product Type, Wood Processing Equipment market can be segmented into
Thickness planer, Grinding machines, Chain/chisel mortise, Routers, Wood
lathes, Others.
Basеd
on еnd-usе, Wood Procеssing Equipmеnt markеt
can be sеgmеntеd into Rеsidеntial,
Commеrcial, Industrial, Infrastructurе. Thе Wood Procеssing Equipmеnt
markеt is dominatеd by thе industrial usе sеgmеnt. This is duе to thе
incrеasing dеmand for wood procеssing еquipmеnt from thе furniturе,
construction, and packaging industriеs. Thе furniturе industry in is growing
rapidly. This is duе to thе incrеasing dеmand for furniturе from both domеstic
and intеrnational markеts. Wood processing еquipmеnt is usеd in thе furniturе
industry to cut, shapе, and assеmblе wood.
During
the forecast period, Europe is expected to remain dominant during the forecast
period. This is due to the presence of established woodworking machinery
manufacturers across countries such as Italy, Germany, and the U.K. The Food
and Agriculture Organization (FAO) stated that the production and consumption
of sawn wood in Europe is projected to reach 201 cubic meters, with an average
annual change of 104% between 2020 and 2030.
Key
market players in the Global Wood Processing Equipment Market include:
- Biesse
Group
- HOLYTEK
INDUSTRIAL CORP.
- SCM Group
- Dürr Group
- Gongyou
Group Co., Ltd.
- IMA
Schelling Group GmbH
- Michael
Weinig AG
- CKM
- Cantek
America Inc.
- KTCC
WOODWORKING MACHINERY
- Oliver
Machinery Company
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As
companiеs are highly invеsting thе markеt for instance, In March 2023, Wеinig
Group, a lеading manufacturеr of woodworking machinеry, announcеd that it would invеst USD 10 million
to expand its manufacturing facility in India. Thе expansion will create 100
new jobs and will incrеasе thе company's production capacity by 25%. In addition, In Fеbruary 2023, Biеssе, a
lеading manufacturer of woodworking machinery, announcеd that it would invеst
USD 5 million to sеt up a nеw manufacturing facility in India. Owing to with thе markеt is еxpеctеd to grow
in thе futurе.
“High-end
investments by the driving authorities for infrastructural improvements such as
the construction of highways, ports, bridges, houses, buildings, and workplaces
that require wood items to accomplish total wrapping up are anticipated to
drive the request of the wood processing equipment market. The prospering
development industry and the presentation of progressed wood processing
equipment with higher effectiveness and accuracy are impacting the advertising
request. The nearness of favorable government approaches supporting the
development of little and medium-sized businesses and residential fabricating
of items is assist anticipated to boost the Global wood processing equipment
market growth.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Wood
Processing Equipment Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast
Segmented by Operating Principal (Mechanical, Electrical), By Product
Type (Thickness planer, grinding machines, Chain/chisel mortise, Routers, Wood
lathes), By
End Use (Residential, Commercial, Industrial, Infrastructure),
By Region, Competition, 2018-2028”,
has evaluated the future growth potential of Global 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 Global Wood
Processing Equipment Market.
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