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The global market for woodworking machinery is driven by rising demand for built wooden houses, increased use of automated woodworking machines, and customers' increased attention to replacing old furniture and rehabilitating their offices and home. Prefabricated wooden houses are in high demand, and this trend is expected to continue. People have begun to choose to build wooden houses since they can be built fast and can be used as portable residences that can be taken on any journey with them, with the added benefit of being eco-friendly and efficient.
According to the projections stated by Fortune Business Insights, the global market size for woodworking machinery was USD 4.53 billion in 2020 and is predicted to grow from USD 4.62 billion in 2021 to USD 6.05 billion in 2028 at a CAGR of 3.9% during the 2021-2028 period.
Due to the extended lockdown in key countries, the COVID-19 pandemic has caused the manufacture of many products in the woodworking machinery business to halt. This has slowed the expansion and deteriorated the market size of woodworking machinery in recent months, and it is expected to continue in 2020. COVID-19 has already had a detrimental impact on equipment and machinery sales in the first quarter of 2020 and is expected to continue to do so throughout the year.
Below Mentioned are the Top 6 Woodworking Machinery Manufacturers in the Market
BIESSE GROUP is a universal company that plans, produces, and allocates systems and machines for handling plastic, stone, wood, glass, metal, and composite materials focused on furniture, housing & construction, automotive, and aerospace sectors. BIESSE functions all across Italy, synchronized by its head office which is located in Pesaro in cooperation with other divisions in Triveneto and Brianza.
In September 2021, BIESSE GROUP cooperated with KIET Group of Institutions to inaugurate the ‘Centre for Advanced Woodworking’ in Northern India. It aims to provide training and development skills required for professionals in the woodworking industry.
SCM Group is headquartered in Rimini, Italy and owns 28 office sites throughout 18 nations. SCM has constantly had a robust commitment to the industry in its DNA and is structured in three huge production centers based in Italy. Industrial methods are organized as per the most progressive ideologies of lean management and functioning superiority.
In October 2021, SCM Group participated in ‘WoodTech’, a trade fair in the Turkish Woodworking Industry. This manufacturer introduced a range of high-tech solutions dedicated to woodworking applications, specially selected for the Turkish market.
The Dürr Group is active in the market with three prime brands, Dürr, Schenck, and HOMAG. The long-acknowledged brand Dürr has been an epitome of the incessant invention since 1896, with a variety of products in robot, procedure, and assembly technology for all areas of automobile manufacturing, concentrating on painting and final assembly areas. It is headquartered in Germany.
In April 2021, HOMAG Group, a part of the Dürr Group, acquired a majority interest in KALLESOE MACHINERY, a Danish mechanical engineering company, to expand its systems range for sustainable construction with timber.
Oliver Machinery Company, a woodworking machinery company, can trail its origins all the way back to 1890 based in Grand Rapids, Michigan. The company was founded by Joseph W. Oliver, who formerly designed and produced wood trimmers. It is headquartered in the U.S.
In February 2021, Oliver Machinery Company introduced a benchtop planer, ‘10044 12-1/2” that utilizes the U.S.-made BYRD Shelix cutter head. It features a prevailing ’15 Amp 2HP 115V’ motor with thermal overload protection and a magnetic switch.
MARTIN Woodworking Machines Corp. is headquartered in North Carolina, U.S. and was founded in 1999. The company specializes in sawing, planning, edgebanding, pressing, extraction, shaping, recycling, safety accessories, drilling, sanding, and woodworking machines.
In April 2019, MARTIN Woodworking Machines Corp. presented industry-leading woodworking machinery in LIGNA at Hanover, Germany. LIGNA is a trade show for woodworking and wood processing.
IMA Schelling Group GmbH is based in Lübbecke, Nordrhein-Westfalen, Germany and is a part of the industrial machinery manufacturing industry. IMA Schelling Group U.S. is a single-source supplier of sales, service, and support of IMA and Schelling goods. They work in partnership with small woodworking, metalworking as well as plastics factories to chief corporations to engineer modified, industrial manufacturing solutions that enhance output.
In April 2018, IMA Schelling Group GmbH has introduced a batch-size-1 work cell that is based on Novimat Compact edge bander, its entry-level machine in the field of multi-radius milling and Combima edge bander. This manufacturer has also showcased ‘fh 5 panels saw’ that is useful for machining wood panels without a problem.
DIY Trends are Likely to Augment the Adoption of Woodworking Machinery
Despite significant limitations in the commercialization of wooden artifacts, DIY trends are projected to compensate for the growth in large countries such as the U.S. Moreover, the rising demand for woodworking machines in homes for hobbies is likely to bring up new potential opportunities in the woodworking machines market. These aspects are anticipated to open great prospects and bolster the market growth of woodworking machinery.