The wood fuels market will register a CAGR of over 7% by 2023

NEW YORK, May 7, 2019 /PRNewswire/ --

About this market
The increasing demand for waterjet cutting machines from the automotive industry will lead the waterjet cutting machines market to register considerable growth during the forecast period. These machines are increasingly being used for cutting 2D and 3D automotive parts including headliners, consoles, and fiberglass bodies made of aluminum. The automotive industry also holds a dominant share in the adoption of waterjet cutting machines. As a result, rising automotive sales coupled with surging investments in automobile plants will propel the waterjet cutting machines market growth during the forecast period. Analysts have predicted that the wood fuels market will register a CAGR of over 7% by 2023.

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Market Overview
Increasing demand from the automotive industry
One of the growth drivers of the global wood fuels market is the increasing demand from the automotive industry. The increase in investments in the automotive industry is expected to provide high growth opportunities to the vendors of the global waterjet cutting machine during the forecast period.
Technical restrictions for use in high thickness materials
One of the challenges in the growth of the global wood fuels market is the technical restrictions for use in high thickness materials. The low cutting speed of waterjet cutting machines compared with traditional cutting machines and other technical limitations have negatively impacted their application across industrial end-users.
For the detailed list of factors that will drive and challenge the growth of the wood fuels market during 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented with the presence of several market players. End-user industries are focusing on increasing their production volume to cater to the growing demand. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Read the full report: https://www.reportlinker.com/p05770962/?utm_source=PRN

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