Press release
Timber Cutting Machine Market to Reach USD 8.2 Billion by 2030, Growing at 6.15% CAGR
Timber Cutting Machine Market
The global Timber Cutting Machine Market, valued at USD 5.4 billion in 2023, is projected to reach USD 8.2 billion by 2030, growing at a CAGR of 6.15% during the forecast period.
This growth is driven by increasing demand across construction, furniture manufacturing, and packaging industries, coupled with advancements in automation and artificial intelligence (AI) technologies.
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► Competitive Landscape and Regional Demand
HOMAG Group, Michael Weinig AG, and SCM Group are leading the market with advanced automation and precision technologies.
Emerging companies like Nihar Industries, GELGOOG COMPANY, and Salvamac are gaining traction, particularly in emerging markets, by offering cost-effective and customized solutions.
► Regional Insights
◘ United States: Growth and Consolidation
The U.S. accounts for nearly 30% of global softwood lumber consumption, largely driven by its construction and housing markets. This demand propels the need for efficient timber-cutting machines. In April 2024, HOMAG Group acquired the remaining 20% of shares in System TM, enhancing its capabilities in solid wood processing.
◘ Asia Pacific: Opportunities and Trends
Asia Pacific dominated the market with a significant share of around 46% in 2023 and is predicted to grow over 6.9% during 2024 to 2032. Rapid urbanization and industrialization in countries like China, India, Japan, and South Korea are driving demand for timber-cutting machines. The region's expanding economy and investments in infrastructure projects further fuel market growth.
◘ East and Africa: Emerging Opportunities
The Middle East and Africa are witnessing growth due to increasing construction activities and demand for wood products. Companies like Solamith Nigeria Limited are contributing to the market by providing timber-cutting solutions tailored to regional needs.
◘ Europe: Trends and Updation
Europe is focusing on sustainable construction practices, with timber being widely employed in the sector. The region is home to 60 of the world's 84 tall timber structures, highlighting its commitment to eco-friendly building materials. Companies like Altendorf GmbH are innovating in woodworking machinery, contributing to the market's evolution
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► Key Recent Developments
Komatsu launched the XT-5 tracked harvesters in 2022, designed for simultaneous travel, cutting, delimbing, harvesting, and swinging of timber.
TMR
John Deere introduced an IoT-enabled forwarder in 2022, featuring real-time monitoring to enhance efficiency in timber harvesting operations.
Global Growth Insights
Husqvarna developed an electric skidder in 2021, targeting urban and small-scale forestry projects with a focus on sustainability.
Global Growth Insights
CLAAS KGaA GmbH unveiled noise-reduction technologies in 2020 to improve operator comfort during timber harvesting activities.
► Market Segmentation: In-Depth Analysis:
◘ by Machine Technology
Laser Cutting Machine
Milling Cutting Machine
Waterjet Cutting Machine
Saw Cutting Machine
Laser cutting machines, milling cutting machines, saw cutting machines, and waterjet cutting machines make up the sectors of the timber cutting machine market. About of the global timber cutting machine market in 2023 will be accounted for by saw cutting machines. Because of their versatility, affordability, and long history in the timber industry, saw-cutting machines are widely used. These devices, which include chainsaws, band saws, and circular saws, are crucial equipment for both industrial and small-scale processes. They are essential in a number of industries, including timber processing, furniture making, and construction, because to their versatility in handling wood kinds, ranging from hardwoods to softwoods.
◘ by Operation
Automatic
Semi-automatic
Manual
◘ by Machine Installation
Horizontal
Vertical
◘ by End-User
Furniture Manufacturing
Building & Construction
Forestry and Logging
Others (Pulp & Paper, Packaging, etc.)
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► Learn about the top players driving innovation in the Market :
North America
1. Wood-Mizer - US
2. Grizzly Industrial - US
3. Hawkeye State Machinery - US
4. Timber Automation- US
Europe
1. HOMAG Group - Germany
2. Salvador - Italy
3. Salvamac - Italy
4. Michael Weinig AG - Germany
5. SCM Group - Italy
6. Biesse Group - Italy
Asia Pacific
1. T.L Pathak Group - India
2. KIKUKAWA ENTERPRISE, INC. - Japan
3. Machine Tool Traders - India
4. Weho Machinery Group - China
5. Nihar Industries - India
Middle East & Africa
1. Solamith Nigeria Limited - Nigeria
2. Others
South America
1. Solamith Nigeria Limited- Brazil
2. Others
18.Daiya Industry Co.
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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