The Business Research Company’s Woodworking and Paper Machinery Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 22, 2023 /EINPresswire.com/ — The global woodworking and paper machinery market, encompassing machinery for the paper industry and woodworking, has exhibited notable growth, reaching $43.77 billion in 2023 and registering a robust compound annual growth rate (CAGR) of 8.1%. Despite challenges such as the Russia-Ukraine war and supply chain disruptions, the woodworking and paper machinery market is anticipated to further expand, projecting a size of $57.78 billion by 2027, with a CAGR of 7.2%.

Driving Forces: Construction Industry Demand
One of the primary drivers of the woodworking and paper machinery market is the escalating demand from the construction industry, particularly for wooden homes or wood-framed homes. Woodworking machinery plays a crucial role in processing components like cross-laminated timber (CLT) and laminated veneer lumber (LVL), essential in constructing wooden houses. In the US, for instance, the National Association of Home Builders (NAHB) reported that 92% of new homes completed in 2021 were wood-framed, showcasing an 8% increase from the previous year. This increasing trend in the construction sector is anticipated to propel the woodworking and paper machinery market‘s growth in the foreseeable future.

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Industry Leaders: Paving the Way
Major companies contributing to the woodworking and paper machinery market’s trajectory include Mitsubishi Heavy Industries Ltd., Bobst Group SA, Terex Corporation, Dream International Limited, Adidas, Integrity Toys Inc., JAKKS Pacific Inc., and LEGO Group. These industry leaders play a pivotal role in driving innovation, adopting automation, and shaping the market’s dynamics.

Automation: Enhancing Efficiency
Automation stands out as a noteworthy technology embraced by sawmill and woodworking machinery manufacturers. Automation not only accelerates production but also ensures efficiency and optimal output while minimizing waste. Automated systems, including Roundwood handling and cutting systems, fully automated debarking systems, and X-ray scanners, are transforming the landscape of the woodworking and paper machinery market.

Regional Dynamics: Western Europe Leading the Charge
In 2022, Western Europe emerged as the largest region in the woodworking and paper machinery market, underscoring its significant role in the global landscape. Asia-Pacific secured its position as the second-largest region, contributing to the market’s diverse geographical footprint. The regions covered in the market analysis include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Woodworking And Paper Machinery Market Segmentation
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-autonmous, 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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Woodworking And Paper Machinery Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Woodworking And Paper Machinery Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on woodworking and paper machinery market size, woodworking and paper machinery market drivers and trends, woodworking and paper machinery market major players, woodworking and paper machinery market competitors’ revenues, woodworking and paper machinery market positioning, and woodworking and paper machinery market growth across geographies. The woodworking and paper machinery market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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