Oct 10, 2023   SOURCE: BusinessWire

Lathe Segment Holds Steady with 3.8% CAGR, While Planer Segment Shows Strong Growth at 4.7% - ResearchAndMarkets.com

The "Woodworking Machinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global woodworking machinery market, valued at US$5 billion in 2022, is projected to grow significantly, reaching a size of US$6.8 billion by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4% during the analysis period from 2022 to 2030.

In the dynamic global business landscape, staying informed about industry trends and market dynamics is vital. Within the woodworking machinery sector, the global market is experiencing significant growth. To navigate and succeed in this evolving environment, our Woodworking Machinery Market Research Report is a crucial resource, providing comprehensive insights into market dynamics, competitive landscapes, challenges, and opportunities.

Our report uncovers a market poised for substantial expansion in key regions, including the United States, China, Japan, Canada, and Germany. It presents in-depth analysis of segments such as lathes and planers, with the lathe segment projected to record a 3.8% CAGR and reach US$2.8 billion by the end of the analysis period. Additionally, the planer segment is estimated to experience growth at a 4.7% CAGR over the next eight years.

Key Market Players (Total 102 Featured):

  • Altendorf GmbH
  • Biesse Group
  • Bourn & Koch Inc.
  • Cantek America
  • Casolin G. & C. snc
  • Felder Group
  • Hans Weber Maschinenfabrik GmbH
  • Holytek Industrial Corporation
  • HOMAG Group
  • HOUFEK a.s.
  • IMA Schelling Group GmbH
  • KTCC Woodworking Machinery
  • Makita Corporation
  • Masterwood SpA
  • Michael Weinig AG
  • PILANA Tools
  • Rojek Woodworking Machinery Inc.
  • SCM Group
  • Shopsmith
  • Timesavers Inc.
  • TOS Svitavy, Inc.

Economic Outlook:

The global economic outlook is showing signs of improvement, with cautious optimism for the coming years. The United States, although experiencing slower GDP growth due to tight monetary and financial conditions, has successfully overcome the recession threat. In the Euro area, easing headline inflation is contributing to increased real incomes and economic activity.

China is expected to witness substantial GDP growth as the pandemic threat diminishes, and the government revises its zero-COVID policy. India remains on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.

However, challenges persist, including uncertainty surrounding the war in Ukraine, slower-than-expected global inflation decline, and ongoing food and fuel inflation in developing nations. High retail inflation continues to impact consumer confidence and spending.

Governments are addressing these challenges, which is boosting market sentiments. As governments work to combat inflation by raising interest rates, new job creation may slow down and impact economic activity. The regulatory landscape is evolving, with increasing pressure to incorporate climate change considerations into economic decisions.

Despite potential challenges to corporate investments due to inflation concerns and weaker demand, the rise of new technologies offers opportunities. Technologies such as generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies beyond electrification and renewables have the potential to drive substantial incremental growth and value to global GDP in the coming years.

In this mixed economic environment, businesses that exhibit resilience and adaptability will find opportunities amid challenges, positioning themselves for future success.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Wood Working Machinery Maintains Growth as Wooden Furniture Continues to Hold Prominence among Customers
  • Global Furniture Market by Material Type (in %) for 2023
  • Notable Trends Influencing Growth Outlook in the Furniture Market
  • Environmental Responsibility Creates Niche, but Expanding Demand for Eco-friendly Furniture, Benefitting the Demand for Woodworking Machinery
  • Types of Woods Used in Furniture Manufacture and their Features
  • Woodworking Becomes a More Sophisticated Business with the Advent of Innovative Machinery and Advanced Technologies
  • Robotics and Automation Technology Address New Challenges Confronting Wood Manufacturers
  • Smartphones and Apps Making Woodworking Business Easier
  • Wood Working Industry Witnesses Increasing Prominence CNC Machining
  • Versatile Multi-axis CNC Machines Experience a Notable Uptick in Demand
  • Major Trends Shaping the Global Woodworking Industry
  • Improved Construction Activity Drive Demand for Woodworking Machinery
  • Rise in Demand for Engineered Wood in Construction to Benefit Demand for Woodworking Machinery
  • Rise in Demand for Prefabricated Wood Houses to Support Growth
  • Global Prefabricated Buildings Market in US$ Billion: 20202-2025
  • Wood Flooring Market Continues to Gain from Unrivalled Aesthetic Appeal of Wood
  • Global Flooring Market by Type (2020): Percentage Breakdown of Volume Sales by Type Type % Share
  • Increased Focus on Sustainability to Drive Prospects for Woodworking Machinery

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2tjhqb

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