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Global Woodworking And Paper Machinery Market Comprehensive Study: Forecasted Market Size And Growth Rate
Woodworking And Paper Machinery Market
The Business Research Company offers in-depth market insights through Woodworking And Paper Machinery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The woodworking and paper machinery market size has grown strongly in recent years. It will grow from $42.3 billion in 2023 to $46.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to industrialization of wood processing, paper industry growth, sustainability and environmental concerns, global demand for wood products.
The woodworking and paper machinery market size is expected to see strong growth in the next few years. It will grow to $64.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to industry 4.0 integration, customization and adaptability, eco-friendly machinery, digitalization and remote monitoring, globalization of markets. Major trends in the forecast period include automation and robotics, energy-efficient machinery, 3D printing in woodworking, digital printing in paper industry, circular economy in paper production.
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Market Segmentation:
The main types of woodworking and paper machinery are paper industry machinery and woodworking machinery. The paper industry machinery refers to the machinery that is used in making paper and creating a large amount of paper. The various machine types are forming machines, pressing machines, drying machines, sizer machines, and other types. The various Asia-Pacific is small, medium, and large. The various operations include autonomous, semi-autonomous, and manual.
Major Driver - E-Commerce Expansion Fuels Growth In The Woodworking And Paper Machinery Market
The expanding e-commerce industry is expected to propel the growth of the woodworking and paper machinery market going forward. E-commerce refers to the buying and selling of goods and services over the internet. The rise of e-commerce has increased demand for packaging materials, including cardboard and corrugated paper, which drives the need for paper machinery used in packaging production. For instance, in August 2023, according to a report published by the U.S. Census Bureau, a US-based government agency, 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. Therefore, the rapid growth in e-commerce is driving the growth of the woodworking and paper machinery market.
Competitive Landscape:
Major companies operating in 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.
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Top Trend - Innovative Kraftliner Machines Drives Advancements
Major companies operating in the woodworking and paper machinery markets are developing innovative products, such as kraftliner machines, to enhance their product offerings. A kraftliner machine is an industrial device used in paper manufacturing to produce high strength kraftliner paper, commonly employed in packaging, particularly for corrugated boxes. For instance, in April 2023, the Voith Group, a Germany-based technology company specializing in papermaking machinery, launched the world's largest kraftline machine for SCA (a Swedish forest industry company). The machine features a design speed of 1,400 meters per minute and a wire width of 10,200 mm. The Voith XcelLine paper machine will produce 725,000 tons of high-quality kraftliner per year with basis weights between 100 and 200 gsm. The new machine increases SCA's production capacity by 270,000 tons. The highly efficient solutions reduce resource consumption and enable maximum productivity with the lowest overall production costs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Woodworking And Paper Machinery Market Characteristics
3. Woodworking And Paper Machinery Market Trends And Strategies
4. Woodworking And Paper Machinery Market - Macro Economic Scenario
5. Woodworking And Paper Machinery Market Size And Growth
…..
27. Woodworking And Paper Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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