What is Router Bits Market?
Router bits is one of the most versatile woodworking tools. Choosing the right router bit and using it properly involves selecting the right style and size of bit for the job as well as installing the bit correctly and using an appropriate tool speed. The increasing furniture industry across the globe has led to significant growth of the global router bits market in the forecast period.
The market study is being classified by Type (Straight, Rabbeting, Flush Trim, Chamfer, Edge Forming, Molding, Stile and Rail Bits, Raised Panel Bits, Joinery Bits and Others), by Application (Plastic, Wood and Others) and major geographies with country level break-up.
Robert Bosch Tool Corporation (United States), CMT Utensili SpA (Italy), Freud Tools (United States), Amana Tool (United States), Stanley Black and Decker (United States), Vortex Tool Company Inc. (United States), Whiteside machine Company (United States), Woodcraft Supply, LLC (United States), Dimar Group (Israel), Sistemi Klein (Italy), KANEFUSA Corporation (Japan), MLCS Ltd. (Ireland) and Rockler Companies, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Yash Tooling (India), Takahashi Tools Co., Ltd. (Japan), Kannenberg GmbH (Germany) and VHF Tools (Germany).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Router Bits market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Router Bits market by Type, Application and Region.
On the basis of geography, the market of Router Bits 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Focus on 3D Carving and Designing of Wood-based Furniture
- Rising Demand from the Furniture Industry in the Commercial and Residential Sectors
- Rising Furniture Industry across the Globe
- Fluctuating Raw Material Prices
- Increasing Demand from the Asia Pacific Region
- Presence Of Unorganized Players in the Market
On 9th September 2019, Freud once again revolutionizes the cutting tool industry with the introduction of the first functional coated solid carbide router bits, Black I.C.E bits that deliver double the cutting life, flawless finishes, and increased productivity providing ultimate value without sacrificing production efficiency. Combined with Freud's exclusive TiCo (Titanium Cobalt) Hi-Density Carbide and Black I.C.E coating, these radical new bits offer a sharper edge with precise cuts for less wear, resulting in two-times increased life and performance compared to standard uncoated router bits.
Key Target AudienceRouter Bits Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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