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Friday, January 14, 2022

Global Woodworking Machinery Market to be Driven by the Growing Demand for the Engineered Wood in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Woodworking Machinery Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global woodworking machinery market, assessing the market based on its segments like product type, operating type, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 4.64 Billion
  • Forecast CAGR (2022-2027): 3.87%
  • Forecast Market Size (2027): USD 5.82 Billion

The shift in focus from furniture made with traditional tools to furniture made with automatic machines is expected to drive up demand for woodworking machines in the near future. With the growing need for these machines in the building sector, the construction industry is predicted to rise rapidly in the near future. During the forecast period, rising demand for wooden furniture and engineered wood is expected to fuel the expansion of global woodworking machines. The expansion of the woodworking machines market is expected to be fuelled by the increase in residential and commercial structures, and the increasing demand of residents for the aesthetic appeal of their buildings.

Industry Definition and Major Segments

Woodworking machinery is defined as equipment that processes wood and performs numerous operations on raw wood resources in order to convert them into desired finished products. These machines are utilised in small-scale commercial manufacturing plants that specialise in wood goods. The size of the machines is determined by the application for which they are utilised. Jointers, shapers, saws, routers, and other woodworking machinery are some of the examples.

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By product type, the market is divided into:

  • Grinding Machines
  • Routers
  • Planers
  • Drills
  • Saws
  • Others

Based on operating type, the market is categorised into:

The end use of the market is:

On the basis of region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Market Trends

The global woodworking machines market is predicted to increase due to customers’ increasing desire to replace old furniture in order to rehabilitate their offices and homes. Residential and commercial customers have raised the volume of investments in furnishing products in the wooden categories as a result of improved brand awareness and awareness of interior design trends, resulting in market expansion. End-users receive highly engineered wooden furniture from furniture producers who use woodworking machines. With the growing trend of moving residences, the demand for movable wooden furniture is growing. Electric machines are expected to increase rapidly in the near future, due to countries’ growing preference for smart machines.

Key Market Players

The major players in the market are KTCC Woodworking Machinery, Durr, Cantek America, Gongyou Group, SCM Group, Holytek Industrial Corporation, and BiesseGroup, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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