(MENAFN-PR Newswire) DUBLIN, October 4, 2023 /PRNewswire/ --
Carpentry Equipment - Added Global Strategic Business Report
Sponsored by ResearchAndMarkets .
The global carpentry equipment market, valued at $5 billion in 2022, is expected to show significant growth to reach $6.8 billion by 2030. The analysis period is from 2022 to 2030.
In a dynamic global economic environment, it is important to stay abreast of industry trends and market dynamics. In the woodworking machinery sector, the global market is growing rapidly. Our Carpentry Equipment market research report is an essential resource to navigate and succeed in this changing environment by providing a comprehensive view of the market dynamics, competitive landscape, challenges and opportunities.
Our report shows that the market is poised for significant expansion in key regions including the United States, China, Japan, Canada and Germany. It provides in-depth analysis of segments such as lathes and planers, with the lathe segment expected to grow at a CAGR of 3.8% to reach $2.8 billion by the end of the analysis period. Furthermore, the glider segment is expected to grow at a CAGR of 4.7% over the next eight years.
Main market players (102 represented in total):
- Altendorf GmbH Bisse Group Born and Koch Inc. Kantec America Casolin G. & C. snc Felder Group Hans Weber Maschinenfabrik GmbH Industrial company Holitek HOMAG corporate group HOUFEK Assistant IMA Schelling Group GmbH KTSS Woodworking Equipment Makita Company Masterwood SpA Michael Weinig AG SEGA Tools Rojek Woodworking Machinery Inc. SCM Group reseller Timeverse Inc. TOS Svitavy, LLC
Economic forecasts:
The global economic outlook shows signs of improvement, with cautious optimism for the coming years. The United States, despite recording slower GDP growth due to tightening monetary and financial conditions, has managed to overcome the threat of recession. In the Eurozone, the slowdown in overall inflation is supporting growth in real incomes and economic activity.
China is expected to post strong GDP growth as the threat of the pandemic recedes and the government reviews its zero-COVID-19 policy. India is still on track to become a trillion-dollar economy by 2030, ahead of Japan and Germany.
However, challenges remain, including uncertainty related to the war in Ukraine, a slower-than-expected decline in global inflation, and persistent food and oil inflation in developing countries. High retail inflation continues to weigh on consumer confidence and spending.
Governments are addressing these issues, which strengthens market confidence. As governments fight inflation by raising interest rates, job creation could slow and impact economic activity. The regulatory framework is evolving and the need to integrate climate change into economic decisions is growing.
Despite potential challenges to business investment due to concerns about inflation and declining demand, the development 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, renewable energy and climate technologies beyond electrification and renewable energy have the potential to enable significant growth. . and the value of global GDP in the coming years.
In this mixed economic environment, businesses that demonstrate resilience and adaptability will find opportunities in the face of challenges as they prepare for future success.
What's new?
- Special discussions on the global economic climate and market sentiment Global competitive coverage and percentage market share of key competitors Analysis of market presence in different regions: strong/active/hot/insignificant Personalized interactive online updates Access to digital archives and the deposited research platform Free updates for one year Access YouTube video transcripts that express market sentiment among executives, subject matter experts, and market influencers in interviews, podcasts, press releases, and keynotes.
Main topics covered:
I. METHODOLOGY
II. Relationship
1. MARKET OVERVIEW
- The growing demand for wooden furniture and durable structures forms the cornerstone for the development of woodworking machinery. Global Economic Update The world is moving towards a strategy to combat endemic COVID-19, emphasizing a multifaceted approach to combat future pandemics. From pandemic to war and inflation: “Gloomy outlook for 2023 despite signs of easing inflationary conditions” This is how inflation pressure affects the economy Consequences of the Russian-Ukrainian war Even though the 2023 peak has been passed, efforts to solve the inflation problem must continue. War-related commodity price increases and widespread pricing pressures mean global inflation has returned to its highest level since 1996: Global Inflation Rate (%), 2019-2024 Despite lower risk of recession, global economic growth will slow in 2023 against a backdrop of war, inflation, rising interest rates and a slight slowdown in inflation: Global Economic Growth Forecast (Real GDP, YoY Change%) 2020- 2024. Overview of the impact of the COVID-19 pandemic on woodworking equipment As the COVID-19 pandemic hits the world, sales of unwanted furniture are down. Economic instability and construction market dynamics influence the growth of the carpentry equipment market Global construction spending ($ billion) 2020-2028 Forecast for the development of the construction sector in 2023 US Housing Starts: 2016-2022 (Apartments in Thousands) Woodworking Equipment: Percentage Share of Top Competitors in Global Market 2023 (E) Global Woodworking Equipment Market Share Scenario (%): 2022E Competitive Market Presence: Strong/Active/Country/Irrelevant for Global Players in 2023 (E) Tower (Product Type) Global Competitive Market Share in 2022 and 2030 Gliders (Product Type) Market Share by Key Players: 2022 and 2030 Revenue share of sawmill competitors (product type) (%): 2022 and 2030 Woodworking machines: Prelude Types of woodworking equipment Developing countries are poised for long-term growth The woodworking machinery market in China Sharing creates growth opportunities in developed markets Top Carpentry Equipment Exporters: 2022 Recent market activity GLOBAL BRAND
2. WE FOCUS ON THE BEST PLAYERS
3. MARKET TRENDS AND EXPANSION
- Woodworking machines continue to evolve as wooden furniture continues to gain popularity among customers. Global Furniture Market by Material Type (%) for 2023 Notable trends influencing furniture market growth forecasts Environmental responsibility creates a niche but increases the demand for eco-friendly furniture, thus increasing the demand for woodworking machinery. Types of wood used in furniture production and their characteristics. Woodworking is becoming a more complex activity with the advent of innovative equipment and advanced technologies. Robotics and automation technologies are addressing the new challenges that wood producers face Smartphones and apps make woodworking easier The woodworking industry is experiencing increasing popularity in CNC machining. The demand for universal multi-axis CNC machines has increased dramatically Key trends shaping the global wood products industry Improved construction activity drives demand for carpentry equipment The growing demand for engineered wood in construction is driving the demand for carpentry equipment. Growing demand for prefabricated wooden houses to support growth Global Prefabricated Buildings Market in Billion Dollars: 20202-2025 The parquet market continues to benefit from the unparalleled aesthetic appeal of wood. Global Flooring Market by Type (2020): Sales Volume Percentage Breakdown by Type Type% Share Growing focus on sustainability to improve the prospects of woodworking machinery
4. OVERVIEW OF THE WORLD MARKET
III. MARKET ANALYSIS
IV. competition
For more information on this report, visit
About research and markets
ResearchAndMarkets is the world's leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.
Media contact:
Research and Markets
Laura Wood, Senior Director
[email protected]
For EST times, call +1-917-300-0470.
For US/Canada, call toll-free +1-800-526-8630.
For Greenwich Mean Time, call +353-1-416-8900.
Fax in the United States: 646-607-1907.
Fax (outside the United States): +353-1-481-1716
Logo:
SOURCE Research and Markets
MENAFN04102023003732001241ID1107190055
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We are not responsible for the accuracy, content, images, videos, license, completeness, legality, or reliability of the information in this article. If you have any complaints or copyright issues related to this product, please contact the provider listed above.
