The Global Woodworking Machinery Market Report by TBRC covers woodworking machinery market size, drivers, restraints, key players, and the impact of COVID-19.
LONDON, GREATER LONDON, UK, August 4, 2022 /EINPresswire.com/ — As per The Business Research Company’s “Woodworking Machinery Global Market Report 2022”, the woodworking machinery market size is expected to grow from $25.46 billion in 2021 to $28.25 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The global woodworking machinery market size is expected to grow to $40.98 billion in 2026 at a CAGR of 9.7%. The increasing adoption of the automated woodworking machinery market is expected to propel the growth of the woodworking machinery market in the forecast period.
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Key Trends In The Global Woodworking Machinery Market
Technological advancements are shaping the woodworking machinery market. Major companies operating in the woodworking machinery sector are focused on developing technological solutions for woodworking machinery to satisfy the rising market demand.
The woodworking machinery market consists of sales of woodworking machines by entities (organizations, sole traders, and partnerships) that convert raw wood materials into structural products including plywood, boards, and beams for use in construction, shipbuilding, furniture, and others. Woodworking machines are particularly built machinery that is used in workshops to cut, saw, plane, or drill wood for furniture making. These machines are primarily powered by electric motors or are mechanical and are widely used in woodworking to provide fine dimensions and shapes.
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Global Woodworking Machinery Market Segments
The global woodworking machinery market is segmented:
By Product Type: Thickness Planer, Grinding Machines, Chain or Chisel Mortise, Routers, Wood Lathes, Others
By Operating Principal: Electrical, Mechanical
By Sales Channel: Online, Offline
By End-User: Furniture Industry, Construction Industry, Others
By Geography: The global woodworking machinery market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Woodworking Machinery Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of woodworking machinery global market. The market report gives woodworking machinery global market analysis, woodworking machinery global market size, woodworking machinery global market share, woodworking machinery industry growth drivers, woodworking machinery global market segments, woodworking machinery global market major players, woodworking machinery global market growth across geographies, woodworking machinery global market trends and woodworking machinery global market competitors’ revenues and market positioning. The woodworking machinery global market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
Woodworking Machinery Global Market Report 2022 from TBRC covers the following information:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Major Market Players: SCM Group, HOMAG Group, Paolino Bacci, Biesse Group, Michael Weinig AG, Otto Martin Maschinenbau GmbH & Co. KG, Oliver Machinery Co, Holytek Industrial Corp, IMA Schelling Group GmbH, and KTCC Woodworking Machinery.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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