The woodworking and paper machinery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Woodworking And Paper Machinery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The woodworking and paper machinery market size has grown strongly in recent years. It will grow from $42.3 billion in 2023 to $46.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to industrialization of wood processing, paper industry growth, sustainability and environmental concerns, global demand for wood products.
The woodworking and paper machinery market size is expected to see strong growth in the next few years. It will grow to $64.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to industry 4.0 integration, customization and adaptability, eco-friendly machinery, digitalization and remote monitoring, globalization of markets. Major trends in the forecast period include automation and robotics, energy-efficient machinery, 3D printing in woodworking, digital printing in paper industry, circular economy in paper production.
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Scope Of Woodworking And Paper Machinery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Woodworking And Paper Machinery Market Overview
Market Drivers –
The expanding e-commerce industry is expected to propel the growth of the woodworking and paper machinery market going forward. E-commerce refers to the buying and selling of goods and services over the internet. The rise of e-commerce has increased demand for packaging materials, including cardboard and corrugated paper, which drives the need for paper machinery used in packaging production. For instance, in August 2023, according to a report published by the U.S. Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the second quarter of 2023 reached an estimated $277.6 billion, reflecting a 2.1% rise compared to the first quarter of the same year. Therefore, the rapid growth in e-commerce is driving the growth of the woodworking and paper machinery market.
Market Trends –
Major companies operating in the woodworking and paper machinery markets are developing innovative products, such as kraftliner machines, to enhance their product offerings. A kraftliner machine is an industrial device used in paper manufacturing to produce high strength kraftliner paper, commonly employed in packaging, particularly for corrugated boxes. For instance, in April 2023, the Voith Group, a Germany-based technology company specializing in papermaking machinery, launched the world’s largest kraftline machine for SCA (a Swedish forest industry company). The machine features a design speed of 1,400 meters per minute and a wire width of 10,200 mm. The Voith XcelLine paper machine will produce 725,000 tons of high-quality kraftliner per year with basis weights between 100 and 200 gsm. The new machine increases SCA’s production capacity by 270,000 tons. The highly efficient solutions reduce resource consumption and enable maximum productivity with the lowest overall production costs.
The woodworking and paper machinery market covered in this report is segmented –
1) By Type: Paper Industry Machinery, Woodworking Machinery
2) By Machine Type: Forming Machines, Pressing Machines, Drying Machines, Sizer Machines, Other Machine Types
3) By Operation: Autonomous, Semi-autonomous, Manual
4) By Capacity: Small, Medium, Large
Subsegments Covered: Pulp Making Machinery, Paper And Paperboard Making Machinery, Paper And Paperboard Converting Machinery, Other Paper Industry Machinery
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Regional Insights –
Western Europe was the largest region in the woodworking and paper machinery market in 2023. Asia-Pacific was the second largest region of the woodworking and paper machinery market. The regions covered in the woodworking and paper machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the woodworking and paper machinery market include Mitsubishi Heavy Industries Ltd., Bobst Group SA, Terex Corporation, Dream International Limited, Adidas AG, Integrity Toys Inc., JAKKS Pacific Inc., LEGO Group, Homag, SCM Group, Biesse Group, IMA Schelling, Stanley Black & Decker Inc., JPW Industries, Felder Group, Altendorf GmbH, Martin Woodworking Machines Corp., Stiles Machinery Inc., Weinig Holz-Her USA, Greenply Industries, Shobha Industries Private Limited, ConInfra Machinery, S. L. Paper Machines LLP, Parason Machinery Pvt. Ltd., Klabin S.A., Greenlam Industries.
Table of Contents
1. Executive Summary
2. Woodworking And Paper Machinery Market Report Structure
3. Woodworking And Paper Machinery Market Trends And Strategies
4. Woodworking And Paper Machinery Market – Macro Economic Scenario
5. Woodworking And Paper Machinery Market Size And Growth
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27. Woodworking And Paper Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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