Growth Trajectory of the Woodworking and Paper Machinery Market

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

The woodworking and paper machinery market has witnessed robust expansion, escalating from $42.3 billion in 2023 to an anticipated $46.24 billion in 2024, demonstrating a commendable compound annual growth rate (CAGR) of 9.3%. The woodworking and paper machinery market is poised for sustained growth, projected to reach $64.34 billion by 2028, maintaining a strong CAGR of 8.6%.

E-Commerce Expansion as a Key Growth Driver:
The burgeoning e-commerce sector is identified as a pivotal force propelling the growth of the woodworking and paper machinery market. With e-commerce experiencing rapid expansion, there is a heightened demand for packaging materials, particularly cardboard and corrugated paper. This surge in demand for packaging materials, driven by the e-commerce boom, is leading to increased utilization of paper machinery in packaging production. Notably, U.S. retail e-commerce sales for the second quarter of 2023 reached an estimated $277.6 billion, reflecting a 2.1% rise compared to the first quarter of the same year. The flourishing e-commerce industry is thus instrumental in driving the woodworking and paper machinery market's growth.

Construction Industry's Embrace of Wooden Homes:
The construction industry's growing inclination towards wooden homes or wood-framed homes is expected to be a significant driver for the woodworking and paper machinery markets. Woodworking machinery, crucial for processing wood components like cross-laminated timber (CLT) and laminated veneer lumber (LVL) used in wooden houses, is experiencing heightened demand. In the U.S., 92% of new homes completed in 2021 were wood-framed, with 895,000 such homes completed, marking an 8% gain over the 2020 total. This surge in demand from the construction sector is anticipated to propel the woodworking and paper machinery market in the forecast period.

Explore the Global Woodworking And Paper Machinery Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample_request?id=2876&type=smp

Key Market Players:
Prominent companies shaping the woodworking and paper machinery market include Mitsubishi Heavy Industries Ltd., Bobst Group SA, Dream International Limited, Adidas AG, Integrity Toys Inc., JAKKS Pacific Inc., LEGO Group, Homag, SCM Group, Biesse Group, IMA Schelling, Stanley Black & Decker Inc., JPW Industries, Felder Group, Altendorf GmbH, Martin Woodworking Machines Corp., Stiles Machinery Inc., Weinig Holz-Her USA, Greenply Industries, Shobha Industries Private Limited, ConInfra Machinery, S. L. Paper Machines LLP, Parason Machinery Pvt. Ltd., Klabin S.A., Greenlam Industries.

Innovations Driving Market Dynamics:
Innovative Kraftliner Machines Spearheading Progress:
Major market players are focusing on innovation, introducing products like kraftliner machines to enrich their product portfolios. Kraftliner machines are industrial devices used in paper manufacturing to produce high-strength kraftliner paper, commonly employed in packaging, particularly for corrugated boxes. Voith Group, a Germany-based technology company, launched the world's largest kraftline machine for SCA, featuring a design speed of 1,400 meters per minute and a wire width of 10,200 mm. This efficient machine enhances SCA's production capacity by 270,000 tons, delivering high-quality kraftliner paper with basis weights between 100 and 200 gsm.

Automation Revolutionizing Sawmill and Woodworking Machinery Manufacturing:
Automation is driving transformative changes in sawmill and woodworking machinery manufacturing, offering speed, efficiency, and optimal production with minimal waste. Automated sawmills and woodworking machinery perform tasks without human intervention, incorporating systems like Roundwood handling and cutting systems, fully automated debarking systems, and X-ray scanners.

Regional Overview:
In 2023, Western Europe emerged as the largest region in the woodworking and paper machinery market, with Asia-Pacific securing the second-largest position. The comprehensive market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Segmentation:
The woodworking and paper machinery market covered in this report is segmented -
1) By Type: Paper Industry Machinery, Woodworking Machinery
2) By Machine Type: Forming Machines, Pressing Machines, Drying Machines, Sizer Machines, Other Machine Types
3) By Operation: Autonomous, Semi-autonomous, Manual
4) By Capacity: Small, Medium, Large
Subsegments Covered: Pulp Making Machinery, Paper And Paperboard Making Machinery, Paper And Paperboard Converting Machinery, Other Paper Industry Machinery

Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/woodworking-and-paper-machinery-global-market-report

Woodworking And Paper Machinery Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Woodworking And Paper Machinery Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on woodworking and paper machinery market size, woodworking and paper machinery market drivers and trends, woodworking and paper machinery market major players, woodworking and paper machinery market competitors' revenues, woodworking and paper machinery market positioning, and woodworking and paper machinery market growth across geographies. The woodworking and paper machinery market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Wood Manufacturing Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/wood-manufacturing-global-market-report

Finished Wood Products Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/finished-wood-products-global-market-report

Manufactured Wood Materials Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/manufactured-wood-materials-global-market-report

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

This release was published on openPR.