October 19, 2021 11:30 US Eastern Time | Source: Business Research Corporation Business Research Corporation

London, October 19, 2021 (Global News Agency)-According to a research report by a business research company on the woodworking machinery market, technological advances are shaping the woodworking machinery market. Major companies in the woodworking machinery field focus on developing technical solutions for woodworking machinery to meet the growing market demand.

For example, in March 2019, Italy-based woodworking machinery manufacturer Vitap updated its entire woodworking machinery series with cutting-edge technology and created new solutions for the rapidly changing industry. Vitap's latest development intends to adopt improved manufacturing processes in large and small enterprises.

The main players in the woodworking machinery market are 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, KTCC Woodworking Machinery, Rojek Woodworking Machinery Inc., Cheng Kuang Machinery, Vigano Mario Srl, Linze Woodworking Machinery Co., Daltons Wadkin, Hermance Machine Company and Rilesa.

In May 2019, JPW Industries, a US-based metalworking and woodworking equipment company, acquired Baileigh Industrial for an undisclosed price. Baileigh Industrial is a US-based company that designs and manufactures industrial metal processing and woodworking machinery. This acquisition improves JPW Industries' global portfolio of high-quality metalworking and woodworking products.

The report of the business research company is entitled "2021 Woodworking Machinery Global Market Report"-by product type (planer, grinder, chain or chisel mortise, router, woodworking lathe), by business person (electrical, mechanical), by sales Channels (online, offline), by end users (furniture industry, construction industry), COVID-19 growth and changes cover major woodworking machinery companies, woodworking machinery market share by company, woodworking machinery manufacturers, woodworking machinery market size, and Woodworking machinery market forecast. The report also covers the global woodworking machinery market and its market segments.

Request a sample report on the global woodworking machinery market:

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The woodworking machinery market consists of entities (organizations, individual traders and partnerships) selling woodworking machinery that convert raw materials into structural products, including plywood, panels and beams, for use in construction, shipbuilding, furniture, etc. Woodworking machinery is a machine specially used in workshops to cut, saw, plan or drill wood to make furniture. These machines are mainly driven by electric motors or machinery and are widely used in woodworking to provide fine sizes and shapes.

The global woodworking machinery market is expected to grow from US$3.57 billion in 2020 to US$3.86 billion in 2021, with a compound annual growth rate (CAGR) of 8.1%. The growth of the woodworking machinery market is mainly due to the company's resumption of operations and adapting to the new normal, while recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and closures. Business activities that cause operational challenges. The woodworking machinery market is expected to reach US$4.59 billion by 2025, with a compound annual growth rate of 4.5%.

The Asia-Pacific region is the largest woodworking machinery market in 2020, and North America is the second largest woodworking machinery market. The woodworking machinery market report covers the Asia-Pacific region, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

The main product types in woodworking machinery are planers, grinders, chains or chisels, planers, woodworking lathes, etc. Thick planers are used to chisel wood from the surface of the plank to make rough surfaces flat and smooth, or to reduce their thickness. Different operating principles include mechanical, electrical, and are available in online and offline sales channels. It is implemented in various vertical fields, including furniture industry, construction industry, etc.

Woodworking Machinery Global Market Report 2021 – COVID-19 Growth and Changes is one of a series of new reports from a business research company that provides woodworking machinery market overview, woodworking machinery market analysis and forecasts for the entire market, woodworking machinery market size and growth segments And regions, woodworking machinery market trends, woodworking machinery market drivers, woodworking machinery market restrictions, woodworking machinery market leading competitors' revenue, overview and market share in more than 1,000 industry reports, covering more than 2500 market segments and 60 area.

The report also provides an in-depth analysis of the impact of COVID-19 on the market. These reports draw on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. An experienced team of experts composed of analysts and modelers provides market analysis and forecasts. The report identifies major countries and market segments for opportunities and strategies based on market trends and methods of leading competitors.

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2021 Wood Processing Global Market Report-By Type (Sawmill, Wood Preservation), COVID-19 Impact and Recovery

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