India Wood Processing Equipment Market to be dominated by Home Use segment through FY2027
Ongoing technological
advancements and the growing demand for aesthetic products is expected to drive
the demand of the India wood processing equipment market for the forecast
period.
According to TechSci Research report, “India
Wood Processing Equipment Market By Operating Principal (Mechanical,
Electrical), By Product Type (Thickness planer, Grinding machines, Chain/chisel
mortise, Routers, Wood lathes, Others (saw, drills, etc.)), By End User (Home
Use, Industrial Use, Woodworking Shops), By Region, Competition Forecast &
Opportunities, FY2027”, the India wood processing equipment market is
expected to witness to grow at a rate of significant CAGR for the forecast
period, FY2023-FY2027. Wood processing equipment transforms the raw wood into
several products such as beams, boards, plywoods, and other wood products. The
rise in the adoption of automation technology and precise engineering to
deliver quality wooden products is the key driving factor for the India wood
processing equipment market growth. Wood processing equipment is flexible for
users in the entire production cycle and helps in the formation of wooden
products. Market players are putting efforts to enhance the consumer experience
to enhance flexibility and provide highly personalized products. Market players
use advanced wood processing equipment to deliver highly engineered wooden
products, including furniture, to the end-users. This is creating the demand to
automate the wood processing equipment for making quality products. Market players
are adopting advanced technologies to advance the supply chain process. Many
wood manufacturing companies are implementing their own tracking systems and
technology to increase transparency in the entire process. Continuous rise in
the population is boosting the demand for household products, and the growing
disposable income is increasing customers' affordability to buy quality wood
products. Increased focus of the customers for rehabilitate the office
furniture and replace the old furniture is further fostering the market demand.
However, the risk of termite infestations can ruin the
wood products, which may restrain the India wood processing equipment market
growth for the forecast period.
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India
wood processing equipment market is segmented into operating principal, product
type, end user, regional distribution, and company. Based on product type, the
market is divided into thickness planer, grinding machines, chain/chisel
mortise, routers, wood lathes, others. The wood lathes segment is expected to
witness significant growth for the forecast period, FY2023-FY2027. Construction
of working centers equipped with advanced wood processing equipment for wood
door processing to plane the wood surfaces is expected to drive the demand of
the wood lathe segment. The use of advanced CNC lathes to manufacture superior
quality wood products and aim the highest precision further contributes to the
increased market demand. Based on operating principal, the market is bifurcated
into mechanical and electrical. The electrical machines segment is expected to
witness the fastest incremental growth for the next five years owing to the
increasing demand to use smart machines to achieve better results.
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 are the leading players operating in India
wood processing equipment market. Manufacturers are increasingly focusing on research
and development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several wood
processing equipment manufacturers are coming up with their technologically
advanced offerings.
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“High-end
investments by the leading authorities for the infrastructural development such
as the construction of highways, ports, bridges, houses, buildings, offices
that require wood products to attain complete finishing is expected to drive
the demand of the India wood processing equipment market. The flourishing
construction industry and the introduction of advanced wood processing
equipment with higher efficiency and precision are influencing the market
demand. The presence of favorable government policies supporting the growth of
small and medium-sized industries and domestic manufacturing of products is
further expected to boost the India wood processing equipment market growth
till FY2027” said Mr. Karan Chechi, Research Director with 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, Others (saw, drills, etc.)), By End User (Home Use, Industrial Use, Woodworking
Shops), By Region, Competition Forecast & Opportunities, FY2027” has
evaluated the future growth potential of India wood processing equipment market
and provided statistics & information on market size, shares, structure and
future market growth. The report intends 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 in the of India wood
processing equipment market.
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