India Wood Processing Equipment Market is anticipated to grow at
a steady pace in the forecast period, 2025-2029.
The changing lifestyle
and increasing demand for luxury goods are driving the need for a variety of
wooden products. As consumers' spending capacity rises, there is an expected
surge in the demand for high-quality wooden furniture. The growing efforts of
private and commercial property owners to furnish their spaces with appealing
and comfortable wooden items are influencing the demand for wood processing
equipment. Wooden furniture offers a sturdy structure, longer lifespan,
environmental friendliness, and visual appeal, all of which are expected to
accelerate the growth of the wood processing equipment market.
Wood processing encompasses various methods used to
transform raw wood into materials or supplies for the production of wood-based
products. These methods often involve the application of chemicals and
additives to prepare the raw wood for use. Examples of wood processing include
timber production for construction, wood pulping, wood chipping, and the
manufacturing of prefabricated wood.
The growth of India's construction and
infrastructure sectors has been a significant driving force behind the
expansion of the Wood Processing Equipment Market in the country. As
urbanization and development continue, there is a rising demand for wood-based
products, leading to increased utilization of wood processing equipment.
India's construction and infrastructure sector has experienced substantial
growth due to population surges, rising disposable incomes, and the need for
modernized urban spaces. This growth has resulted in a significant demand for
processed wood products, including plywood, laminates, particle boards, and
engineered wood. To meet these growing requirements, manufacturers have turned
to advanced wood processing equipment that offers improved efficiency,
precision, and productivity.
The expansion of India's furniture manufacturing
industry has also played a vital role in driving the demand for wood processing
equipment. As the standard of living improves and consumers seek sophisticated
and aesthetically pleasing furniture, the need for processed wood materials has
surged. Wood processing equipment enables furniture manufacturers to produce a
wide range of products efficiently and cost-effectively, catering to diverse
consumer demands. Government initiatives and policies have further bolstered
the growth of the wood processing equipment market. Initiatives such as the
Make in India campaign, aimed at promoting domestic manufacturing and boosting
exports, have encouraged investment in the woodworking industry. Additionally,
various policies supporting the growth of the construction and infrastructure
sectors have indirectly impacted the demand for processed wood products,
driving the need for advanced wood processing equipment.
Mechanical advancements in wood
processing equipment have played a crucial role in the expansion of the market.
Manufacturers have adopted computer-controlled machinery, automation, and
innovative processing techniques to enhance efficiency, improve product
quality, and reduce waste. These technological upgrades have not only increased
productivity but also made the sector more appealing to investors, fueling
market growth. In conclusion, the robust growth of India's construction and
infrastructure sector, coupled with the growing furniture manufacturing
industry and consistent government initiatives, has been the driving force
behind the surge in demand for wood processing equipment. The sector's
willingness to embrace innovative advancements has further facilitated its
growth trajectory. As the country continues to urbanize and develop, the Wood
Processing Equipment Market is expected to maintain its upward trajectory,
presenting significant opportunities for manufacturers and investors alike.
Government Initiatives and Policies to
Drive Market Growth
Government initiatives and policies
have played a pivotal role in driving the growth and expansion of the Wood
Processing Equipment Market in India. Through targeted measures and robust
strategies, the government has fostered an environment conducive to the
advancement of the woodworking industry, resulting in increased demand for wood
processing equipment. One of the key initiatives that have fueled the market's
growth is the Make in India campaign, launched in 2014 by the Indian
government. This ambitious campaign aimed at promoting domestic manufacturing
and positioning India as a global manufacturing hub. Consequently, the
woodworking industry received significant attention and support, encouraging
investment in wood processing equipment and related technologies.
Moreover, the government's focus on
infrastructure development has indirectly contributed to the market's growth.
The construction of new buildings, commercial spaces, and residential complexes
has created a higher demand for wood-based products such as plywood, veneers,
and particle boards. This surge in demand has, in turn, compelled manufacturers
to invest in advanced wood processing equipment to meet the evolving needs of
the construction sector. To enhance the ease of doing business and attract
foreign investment, the Indian government has implemented various policy reforms.
These reforms have streamlined processes, reduced bureaucratic obstacles, and
created a more investor-friendly environment.
Furthermore, the government's emphasis
on economic progress and environmental preservation has had a significant impact
on the wood processing industry. The implementation of sustainable wood
sourcing approaches and effective forest management practices has led to the
adoption of eco-friendly wood processing technologies. This shift towards
sustainability not only aligns the industry with global environmental
objectives but also attracts environmentally conscious consumers, thereby
driving the demand for eco-friendly wood products and equipment. Additionally,
government incentives and subsidies have supported the growth of the wood
processing equipment market. These incentives have enabled manufacturers to
invest in modernizing their production facilities, upgrading machinery, and
adopting advanced technologies, resulting in increased efficiency and
competitiveness.
Lastly, the Indian Wood Processing
Equipment Market has been greatly influenced by government initiatives and
policies that have created a conducive environment for the woodworking
industry. The Make in India campaign, infrastructure development, policy reforms,
and sustainability-focused measures have all played instrumental roles in
strengthening demand for wood processing equipment. As the government continues
to prioritize industrial innovation and sustainable practices, the wood
processing equipment market is expected to witness sustained growth and
advancement.
Recent Developments- August 2022 - SCM Gathering introduced Autostore, an
innovative automated warehouse designed for spare parts. With the assistance of
19 robots, this cutting-edge facility efficiently manages a vast inventory of
30 thousand items. Spanning an area of 900m and reaching a height of 5.5
meters, the warehouse encompasses 13 storage levels and accommodates 24
thousand standardized boxes. Each box has a capacity of up to 30 kg, ensuring
optimal storage and retrieval capabilities.
- June 2019 - Dürr Group implemented a set of measures to
achieve efficiency gains in the woodworking machinery and system division
(HOMAG Group). The package entails a one-time expense of approximately USD 44.8
million, with about USD 41.4 million disbursed in 2019.
- In May 2019, the woodworking machinery and system division
(HOMAG Group) of Dürr Group launched a new I Package, offering comprehensive
service packages tailored to small to medium-sized companies specializing in
single-shift operations.
Market Segmentation
India Wood Processing Equipment market
is segmented based on operating principal, product type, end user, region, and
competitive landscape. Based on operating principal, the market can be
segmented into Mechanical, Electrical. Based on Product Type, the market can be
segmented into Thickness
planer, Grinding machines, Chain/chisel mortise, Routers, Wood lathes, Others. Based
on end user, the market is segmented into Residential, Commercial, Industrial,
Infrastructure.
Based on Region, India Wood Processing Equipment market is divided into West,
North, South, and East.
Market Players
Major
market players in the India Wood Processing Equipment Market are 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.
Attribute | Details |
Base Year | 2023 |
Historic Data | 2019 –
2022 |
Estimated Year | 2024 |
Forecast Period | 2025–
2029 |
Quantitative Units | Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029 |
Report coverage | Revenue
forecast, company share, growth factors, and trends |
Segments covered | Operating Principal Product Type End User |
Region scope | West,
North, South, East |
Key companies profiled | 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 |
Customization scope | 10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research
needs. Explore purchase options |
Delivery Format | PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
Report Scope:In this report, the India Wood Processing Equipment Market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
·
India Wood
Processing Equipment Market, By Operating Principal:
o Mechanical
o Electrical
·
India Wood
Processing Equipment Market, By Product Type:
o
Thickness planer
o
Grinding machines
o
Chain/chisel
mortise
o
Routers
o
Wood lathes
o
Others
·
India Wood
Processing Equipment Market, By End User:
o
Residential
o
Commercial
o
Industrial
o
Infrastructure
·
India Wood
Processing Equipment Market,
By Region:
o
West
o
North
o
South
o
East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Wood Processing Equipment Market.
Available Customizations:
Tech Sci Research offers customizations
according to a company's specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Wood Processing Equipment Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]