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.
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 2026.
Research Analyst at AMA estimates 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 that are part of study coverage. 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).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Woodworking Machinery market by Type (Shapers & Planers, Saws, Jointers, Routers and Wood Lathes and Drilling and Borings), by Application (Furniture, Construction and Others) and Region with country level break-up.
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).
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.
Market Trend
- Introduction to IoT Enabled and Highly Automated Woodworking Machines
- Growing Adoption of 3D Printing In Woodworking
Market Drivers
- Upsurging Demand from Home Furnishing Industry
- Rising Applications of Wood in Construction Industry
Opportunities
- Increasing Preference Automated Machines from Woodworkers and Furniture Manufacturers
Restraints
- Unstable Supply-Demand Due to Stringent Environmental Regulations
- Increasing Global Timber Prices might Hamper the Demand
Challenges
- 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