Woodworking Machinery Market Scope
The global woodworking machinery market will show significant growth over the forecasted period with respect to the growing adoption of wood in home furnishing as well as the construction industry. In addition to this, the woodworkers, as well as home furnishing service providers have started adopting technologically advanced and IoT enabled woodworking machines, which will further improve the demand for woodworking machinery. These machines are mainly used in manufacturing wooden equipment by eliminating the huge wastage of the wood which will ultimately reduce the manufacturing cost. Moreover, upsurging adoption of CNC woodworking machines across the globe will encourage the usage over the forecasted period, however stringent government regulations might hamper the global business growth.
The market study is being classified by Type (Shapers & Planers, Saws, Jointers, Routers and Wood Lathes and Drilling and Borings), by Application (Furniture, Construction and Others) and major geographies with country level break-up. According to AMA, the Global Woodworking Machinery market is expected to see growth rate of 3.21% and may see market size of USD5112.94 Million by 2024.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Woodworking Machinery market throughout the predicted period.
Avant Tecno Oy (Finland), Redwood Global Ltd. (United Kingdom), Changzhou LEFA Industry and Trade Co., Ltd. (China), EMB MFG, INC. (Canada), Trelan Manufacturing (United States), UNTHA shredding technology GmbH (Austria), Salsco, Inc. (United States), Laitilan Metalli Laine Oy (Finland), Vermeer Corporation (United States), Teknamotor Company (United Kingdom), Bandit Industries, Inc. (United States) and Biesse SPA (Italy) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Durr AG (Germany), IMA SCHELLING Group (United States), SCM GROUP S.p.A.(Italy), Cantek America Inc. (United States), Cheng Kuang Wood Machinery Works Co. Ltd. (Taiwan), Shandong Gongyou Group Co., Ltd. (China), Holytek Industrial Corp. (Taiwan), KTCC Woodworking Machinery (Taiwan), Michael Weinig AG (Germany) and Woodworking Machine-Oliver Machinery (United States).
AdvanceMarketAnalytics has segmented the market of Global Woodworking Machinery market by Type, Application and Region.
On the basis of geography, the market of Woodworking Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Craft & Furniture will boost the Woodworking Machinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online Retail will boost the Woodworking Machinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Avant Tecno Oy has introduced Avant 800 series at the 'Bauma 2019 Exhibition' held in Munich, Germany between 8th to 14th April. The completely new 800 series is the largest and most powerful loader series from the Finnish manufacturer Avant Tecno. This machine is equipped with Avant quick attach system for attachments - other systems like Euro 3 will be available as an option. The hydraulic hoses of the attachments are coupled with the multi-connector, which allows easy connecting with a single hand movement – in all conditions.
United States Department of Labors', Occupational Safety & Health Administration Department, has mandated woodworking machinery standards for workers safety which includes various rules and regulations. For Instance; saw frames or tables shall be constructed with lugs cast on the frame or with an equivalent means to limit the size of the saw blade that can be mounted, so as to avoid over-speed caused by mounting a saw larger than intended.
- Introduction to IoT Enabled and Highly Automated Woodworking Machines
- Growing Adoption of 3D Printing In Woodworking
- Upsurging Demand from Home Furnishing Industry
- Rising Applications of Wood in Construction Industry
- Increasing Preference Automated Machines from Woodworkers and Furniture Manufacturers
- Unstable Supply-Demand Due to Stringent Environmental Regulations
- Increasing Global Timber Prices might Hamper the Demand
- Availability of Cheaper and Durable Substitutes to Wood
Key Target Audience
Woodworking Machinery Manufacturers, Woodworking Machinery Distributors, International Traders, Industrial Machinery Industry Organizations, Woodworking Upstream and Downstream Buyers, Government Agencies and Others
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