Woodworking And Paper Machinery Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Mitsubishi Heavy Industries Ltd., Bobst Group SA

"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.

Market Overview -
Woodworking and paper machinery refers to the equipment that deals with wood and paper products.

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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.

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.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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