Global Woodworking Machine Market

Global Woodworking Machine Market

Global Woodworking Machine Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of 3.23% during the forecast period.

Global Woodworking Machine Market
Global Woodworking Machine Market Introduction

Woodworking machinery is the working of wood which is basically required for dimensions and shapes. At the present time, woodworking machines are used in applications such as home construction, marines, and locomotives. These machines are employed in small-scale commercial production units that are mainly focused on timber products. The majority of the woodworking machines are electrically driven and a small percentage of them are hydraulically driven. The size of the machines varies with the application that they are being used for. Some examples of woodworking machinery are jointers, shapers, saws, routers, and others.
Global Woodworking Machine Market Dynamics

Due to increased brand consciousness and awareness about interior design trends, residential and commercial users have increased the magnitude of investments in furnishing products in wooden categories. Furniture manufacturers use woodworking machines to deliver highly engineered wooden furniture to end-users. In addition, increasing preference towards automation of manufacturing units to improve productivity and enhance overall efficiency is further expected to escalate the demand for woodworking machines in the near future. The increasing focus on ensuring flexibility and highly personalized product in the woodworking industry has increased the need for highly specialized woodworking machinery in the production process. This is creating a scope for automation of traditional woodworking machinery. Automated woodworking machines are getting more flexible for the users during the entire production lifecycle of the development of wood products.
Global Woodworking Machine Market Segment Analysis

The significant positive growth observed in the furniture industry is expected to influence the woodworking machinery market. Wooden furniture and household wooden furniture are the basic products that are developed using woodworking machinery. In residential spaces, furniture is used for its usability and aesthetics. Specifically, the demand for portable wooden furniture is increasing due to the trend of shifting homes. Market growth in this segment will be slower than the growth of the market in the construction and others segments.
Based on operating principle, mechanical woodworking machines are expected to dominate the market. However, electric machines are anticipated to witness significant growth in near future, owing to the increasing preference for smart machines in countries, such as the U.S., Europe, and India.

Global Woodworking Machine Market

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Global Woodworking Machine Market Regional Insights

Global Woodworking Machine Market 1

34% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for woodworking machines in APAC. Market growth in this region will be faster than the growth of the market in other regions. The economic advancements and population explosion will facilitate the woodworking machines market growth in APAC over the forecast period.

North America is expected to dominate the global woodworking machines market, owing to increasing automation of manufacturing units in this region.
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Global Woodworking Machine Market 2
Global Woodworking Machine Market, by Region

• North America
• Europe
• South America
• Asia Pacific
Global Woodworking Machine Market Key Players

• Biesse Group
• Durr
• IMA-Schelling
• SCM Group
• KTCC Woodworking Machinery
• Woodworking Machine – Oliver Machinery
• Holytek Industrial Corporation
• WEINIG Group
• Cantek America
• Gongyou Group
• HOMAG Group
• Paolino Bacci
• Masterwood SpA
• Dura Wood Working Machinery Industry & Trade Company LTD
• ROJEK Woodworking Machinery
• Otto Martin aschinenbau GmbH & Co.KG

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Submitted On Jun 02, 2021. Viewed 21 times.

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