Ongoing technological advancements and the growing demand for aesthetic products is expected to drive the demand of the India wood processing equipment market for the forecast period.
According to TechSci Research report, “India Wood Processing Equipment Market By Operating Principal (Mechanical, Electrical), By Product Type (Thickness planer, Grinding machines, Chain/chisel mortise, Routers, Wood lathes, Others (saw, drills, etc.)), By End User (Home Use, Industrial Use, Woodworking Shops), By Region, Competition Forecast & Opportunities, FY2027”, the India wood processing equipment market is expected to witness to grow at a rate of significant CAGR for the forecast period, FY2023-FY2027. Wood processing equipment transforms the raw wood into several products such as beams, boards, plywoods, and other wood products. The rise in the adoption of automation technology and precise engineering to deliver quality wooden products is the key driving factor for the India wood processing equipment market growth. Wood processing equipment is flexible for users in the entire production cycle and helps in the formation of wooden products. Market players are putting efforts to enhance the consumer experience to enhance flexibility and provide highly personalized products. Market players use advanced wood processing equipment to deliver highly engineered wooden products, including furniture, to the end-users. This is creating the demand to automate the wood processing equipment for making quality products. Market players are adopting advanced technologies to advance the supply chain process. Many wood manufacturing companies are implementing their own tracking systems and technology to increase transparency in the entire process. Continuous rise in the population is boosting the demand for household products, and the growing disposable income is increasing customers’ affordability to buy quality wood products. Increased focus of the customers for rehabilitate the office furniture and replace the old furniture is further fostering the market demand.
However, the risk of termite infestations can ruin the wood products, which may restrain the India wood processing equipment market growth for the forecast period.
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India wood processing equipment market is segmented into operating principal, product type, end user, regional distribution, and company. Based on product type, the market is divided into thickness planer, grinding machines, chain/chisel mortise, routers, wood lathes, others. The wood lathes segment is expected to witness significant growth for the forecast period, FY2023-FY2027. Construction of working centers equipped with advanced wood processing equipment for wood door processing to plane the wood surfaces is expected to drive the demand of the wood lathe segment. The use of advanced CNC lathes to manufacture superior quality wood products and aim the highest precision further contributes to the increased market demand. Based on operating principal, the market is bifurcated into mechanical and electrical. The electrical machines segment is expected to witness the fastest incremental growth for the next five years owing to the increasing demand to use smart machines to achieve better results.
Durr India Pvt Ltd, SCM Group, Biesse India, Black & Decker India Private Ltd, DELTA Power Equipment, Felder Group India, Paolino Bacci S.r.l., Michael Weinig AG, Homag India Pvt Ltd, Nihar Industries are the leading players operating in India wood processing equipment market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several wood processing equipment manufacturers are coming up with their technologically advanced offerings.
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“High-end investments by the leading authorities for the infrastructural development such as the construction of highways, ports, bridges, houses, buildings, offices that require wood products to attain complete finishing is expected to drive the demand of the India wood processing equipment market. The flourishing construction industry and the introduction of advanced wood processing equipment with higher efficiency and precision are influencing the market demand. The presence of favorable government policies supporting the growth of small and medium-sized industries and domestic manufacturing of products is further expected to boost the India wood processing equipment market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Wood Processing Equipment Market By Operating Principal (Mechanical, Electrical), By Product Type (Thickness planer, Grinding machines, Chain/chisel mortise, Routers, Wood lathes, Others (saw, drills, etc.)), By End User (Home Use, Industrial Use, Woodworking Shops), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India wood processing equipment market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of India wood processing equipment market.
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