Press release
Woodworking Machinery Market 2021 Business Scenario – SCM Group, HOMAG Group, Paolino Bacci, Biesse Group, Michael Weinig AG
The Global Woodworking Machinery Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Woodworking Machinery market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.The global woodworking machinery market is expected to grow from $3.57 billion in 2020 to $3.86 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.59 billion in 2025 at a CAGR of 4.5%.
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Top Companies in the Global Woodworking Machinery Market: SCM Group; HOMAG Group; Paolino Bacci; Biesse Group; Michael Weinig AG; Otto Martin Maschinenbau GmbH & Co. KG; Oliver Machinery Co.; Holytek Industrial Corp.; IMA Schelling Group GmbH; KTCC Woodworking Machinery; Rojek Woodworking Machinery Inc.
Industry Updates:
In May 2019, JPW Industries, a US-based company that manufactures metalworking and woodworking equipment company acquired Baileigh Industrial for an undisclosed amount. The acquisition improves JPW Industries' product portfolio of high-quality metalworking and woodworking products globally. Baileigh Industrial is a US-based company that designs and manufactures industrial metalworking and woodworking machinery.
Market Overview:
The main types of products in woodworking machinery are thickness planer, grinding machines, chain or chisel mortise, routers, wood lathes, and others. Thickness planers are used to chisel wood from the surface of boards to either make rough surfaces flat and smooth or to reduce their thickness. The different operating principles include mechanical, electrical and are available in online and offline sales channels. It is implemented in various verticals including furniture industry, construction industry, and others.
The increasing adoption of the automated woodworking machinery market is expected to propel the growth of the woodworking machinery market in the forecast period. The growing emphasis in the industry on assuring flexibility and highly customized goods has resulted in a greater demand for highly specialized woodworking machinery in the manufacturing process. As a result, automation technologies have been integrated into traditional woodworking equipment. For instance, in 2019, Biesse Group, an Italy-based company that provides technologies for processing wood, glass, stone, advanced material, and metal automated its 5-axis heads, a woodworking device on its manufacturing line, to minimize travel period and enhance machine accuracy on production lines. Therefore, the increasing adoption of automated woodworking machinery drives the growth of the woodworking machinery market.
Segmentation:
Markets Covered: 1) By Product Type: Thickness Planer; Grinding Machines; Chain Or Chisel Mortise; Routers; Wood Lathes; Others
2) By Operating Principal: Electrical; Mechanical
3) By Sales Channel: Online; Offline
4) By End-User: Furniture Industry; Construction Industry; Others
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Reasons to Purchase:
- To gain insightful analyses of the market and have comprehensive understanding of the global Woodworking Machinery market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Woodworking Machinery market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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