Overview and Scope
Woodworking and paper machinery refers to the equipment that deals with wood and paper products.
Sizing and Forecast
The woodworking and paper machinery market size has grown strongly in recent years. It will grow from <b>$42.3 billion in 2023 to $46.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. </b> 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 <b>$64.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. </b> 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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Segmentation & Regional Insights
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
<b>Western Europe</b> was the largest region in the woodworking and paper machinery market in 2023. <b>Asia-Pacific</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the woodworking and paper machinery market include <b> 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.</b>
The woodworking and paper machinery market report table of contents includes:
1. Executive Summary
2. Woodworking And Paper MachineryMarket Characteristics
3.Woodworking And Paper Machinery Market Trends And Strategies
4.Woodworking And Paper Machinery Market analysis
5.Woodworking And Paper Machinery Market Size And Growth
6.Woodworking And Paper Machinery Segmentation
7.Woodworking And Paper Machinery Regional And Country Analysis
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27.Woodworking And Paper Machinery Competitive Landscape And Company Profiles
28.Woodworking And Paper Machinery Key Mergers And Acquisitions
29.Woodworking And Paper Machinery Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Mitsubishi Heavy Industries Ltd.
- Bobst Group SA
- Terex Corporation
- Dream International Limited
- Adidas AG
- Integrity Toys Inc.
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