What is Wood Router Market?
A wood router is a tool used to hollow out an area in a relatively hard material such as wood. For many uses, the wood router is the most appropriate tool to use because it can complete the job easily and with a much superior finish than other power tools. The wood router is primarily used in workshops to perform tasks such as cutting decorative edges on boards and transforming an item. In the industry, there are a number of router types, some of which are D handled and others that are double knob handled. Advanced wood routers have variable speed controls and a soft-start feature that allows them to gradually increase speed. Larger router cutters may typically be used in a router table-mounted router, improving the tool's flexibility and stability.
The market study is being classified by Type (Fixed Base Routers and Plunge Routers), by Application (Residential and Commercial) and major geographies with country level break-up.
Robert Bosch GmbH (Germany), Hitachi Ltd (Japan), Stanley Black & Decker, Inc. (United States), Triton Tools (United States), Thermwood Corporation (United States), Porter-Cable (United States), Grizzly Industrial Inc. (United States), TTS Tooltechnic Systems (Germany), Ferm International B.V. (Netherlands), AXYZ Automation Group (Canada), VWM Ltd, SCM Group (United Kingdom) and Vortex Tool Company, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Casadei Busellato (Italy), Holytek Industrial Corp (Taiwan) and Cantek America Inc (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as 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 Wood Router market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wood Router market by Type, Application and Region.
On the basis of geography, the market of Wood Router 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.
Market Drivers
- Rising Demand for the Wood Product
- Growth of Global Furniture Industry
Market Trend
- Availability of Advanced Wood Routers with Variable Speed Controls and Soft-start Feature
Restraints
- Fluctuation of the Price of Raw Material
Opportunities
- Increasing Investment in Wood Artworks for Interior Decoration as well as for Commercial Sales
- Rising Product Awareness for Wood Routers
Challenges
Key Target Audience
Wood Router Manufacturers/Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments, End-Use Industry and Others