The global woodworking machines market is expected to grow at a CAGR of around 3% by 2021, says Technavio.
Technavio has announced its latest market research report on the global woodworking machines market, under its unit operations portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Biesse, Durr, IMA-Schelling, and SCM Group.
According to Anju Ajaykumar, a lead analyst for unit operations research at Technavio, “The growing need for green constructions will drive the demand for the global woodworking machines market. To protect the environment and to utilize the available resources in a sustainable manner, people prefer green buildings. Thus, wood building raw materials are preferred as they are sustainable and renewable.”
Other reasons for using wood as a construction material is that they have an abundant supply and lesser carbon footprint than other construction materials. Because of these characteristics, many architects are incorporating wood into their designs to build structures like schools, offices, and hospitals.
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Automation in woodworking machinery
Changing lifestyle and rising competition are the key drivers for furniture manufacturers to offer customized products. With the help of smart machines, the raw material requirement and usage will be accurate, thereby reducing wastage and production inefficiency. Efficient production will, in turn, reduce costs and help in savings to the company. High-tech woodworking machinery helps in creating beautiful and a variety of wood products.
Robotic woodworking machines
With innovation in technology, robotics play a key role in woodworking machines. Robotics help in achieving the need for large volumes and cost-effective solution for manufacturing wood products. Biesse is one of the leading manufacturers of woodworking tools and has developed a robotic machine called Viet Opera R robotic sanding machine. Such advances in the technology robots for woodworking machines has led to improved productivity and efficiency of the industry, which will result in mass production, thereby meeting the demands for engineered wood products.
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This market research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Woodworking Machines Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Outdoor Furniture Market in the US 2017-2021
- Global Outdoor Flooring Market 2017-2021
- Global School Furniture Market 2016-2020
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