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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The Business Research Company published its Woodworking And Paper Machinery Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Woodworking And Paper Machinery market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Woodworking And Paper Machinery market’s segments-1) By Type: Paper Industry Machinery, Woodworking Machinery2) By Machine Type: Forming Machines, Pressing Machines, Drying Machines, Sizer Machines, Others3) By Operation: Autonomous, Semi-autonomous, Manual4) By Capacity: Small, Medium, LargeSubsegments Covered: Pulp Making Machinery, Paper And Paperboard Making Machinery, Paper And Paperboard Converting Machinery, Others - Paper Industry Machinery View Complete Report:https://www.thebusinessresearchcompany.com/report/woodworking-and-paper-machinery-global-market-report-2020-30-covid-19-impact-and-recoveryWoodworking And Paper Machinery Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global woodworking and paper machinery market is expected to decline from $45.9 billion in 2019 to $45.2 billion in 2020 at a compound annual growth rate (CAGR) of -1.7%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $58.3 billion in 2023.Automation is a new technology manufactured by sawmill, and woodworking machinery manufacturers as it provides faster, efficient, and optimal production and minimizes waste.
