India Wood Processing Equipment Market to be dominated by Industrial segment in the forecast period
Ongoing technological advancements and
the growing demand for aesthetic products to drive the India Wood Processing
Equipment Market.
According to TechSci Research report, “India
Wood Processing Equipment Market- By Region, Competition Forecast &
Opportunities, 2019-2029F,”
the Indian market for wood processing equipment is anticipated to witness
growth during the projected period. Wood processing equipment plays a crucial
role in transforming raw wood into various products such as bars, sheets,
plywood, and other wooden items. The increasing adoption of automation
technology and precise design to ensure the production of high-quality wooden
products is a significant driving factor for the development of the wood
processing equipment market in India. These equipment are versatile and offer
users flexibility throughout the production cycle, contributing to the
production of well-crafted wooden items. Market players are dedicated to
enhancing the consumer experience, promoting adaptability, and delivering
highly personalized products. They leverage advanced wood processing equipment
to offer engineered wooden items, including furniture, to end-users.
Efforts are being made to automate wood
processing equipment manufacturing to improve quality of products. Market
players are adopting advanced technologies to improve the supply chain process.
Many wood manufacturing companies are implementing their own tracking systems
and technologies to enhance transparency throughout the entire process. The
continuous growth in population in India is driving the demand for household
items, and the increasing disposable income is making quality wood products
more affordable for consumers. The focus of customers on refurbishing office
furniture and replacing old furniture is further stimulating market demand.
Companies are making significant
investments in the market. For example, in March 2023, the Weinig Group, a
leading manufacturer of woodworking machinery, announced a USD10 million
investment to expand its manufacturing facility in India. This expansion is
expected to create 100 new jobs and increase the company's production capacity
by 25%. Similarly, in February 2023, BIESSE, another prominent manufacturer of
woodworking machinery, announced a USD5 million investment to establish a new
manufacturing facility in India. These investments indicate the future growth
potential of the market.
Browse over xx market data Figures
spread through xx Pages and an in-depth TOC on "India Wood Processing Equipment Market.”
The India Wood Processing Equipment market is categorized based on operating
principle, product type, end use, region, and competitive landscape. In terms
of operating principle, the market can be divided into Mechanical and
Electrical segments. The product types in the Indian Wood Processing Equipment
market include Thickness planer, Grinding machines, Chain/chisel mortise,
Routers, Wood lathes, and others. The market is further segmented by region
into West, North, South, and East.
Segmenting the market by end user, the wood processing
equipment market in India is classified into Residential, Commercial,
Industrial, and Infrastructure sectors. The industrial segment dominates the
market due to the growing demand for wood processing equipment from the
furniture, construction, and packaging industries. The furniture industry in
India is experiencing rapid growth, driven by both domestic and international
demand. Wood processing equipment plays a crucial role in cutting, shaping, and
assembling wood in the furniture industry.
Among the operating principles, the electrical
machines segment is projected to witness the highest incremental growth in the
coming years, as there is an increasing demand for smart machines to achieve
better results. In terms of product type, the wood lathes segment is expected
to witness significant development. The use of advanced CNC machines for
manufacturing high-quality wood products and achieving the highest precision
further contributes to the growing market demand.
Overall, the Indian Wood Processing Equipment Market
offers a range of opportunities across different segments, driven by the demand
from various industries and the need for advanced machinery to meet evolving
requirements.
Key market players in the India Wood
Processing Equipment Market include:
- 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
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“The investments made by the governing
authorities in high-end infrastructure projects, such as the construction of
highways, ports, bridges, houses, buildings, and workplaces, which require wood
items for completion, are expected to drive the demand for wood processing
equipment in the Indian market. The thriving construction industry and the
introduction of advanced wood processing equipment with higher efficiency and
precision are influencing the market demand. Additionally, the presence of
favorable government policies supporting the growth of small and medium-sized
businesses and domestic manufacturing of products is expected to further boost
the growth of the Indian wood processing equipment market, along with other
contributing factors,” according to Mr. Karan Chechi, Research Director at
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,
and Others), By End User (Residential, Commercial, Industrial, Infrastructure),
By Region, Competition Forecast & Opportunities, 2019- 2029F,” has
evaluated the future growth potential of India Wood Processing Equipment Market
and provides statistics and information on market structure, size, share, and
future growth. The report is intended 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 present in the India wood
processing equipment market.
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