The Woodworking And Paper Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Woodworking And Paper Machinery Global Market Report 2024, The woodworking and paper machinery market size has grown strongly in recent years. It will grow from $42.3 billion in 2023 to $46.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. 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 $64.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. 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.
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.
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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
The woodworking and paper machinery market report table of contents includes:
- Executive Summary
- Woodworking And Paper Machinery Market Characteristics
- Woodworking And Paper Machinery Product/Service Analysis -Product/Service Examples
- Woodworking And Paper Machinery Market Trends And Strategies
- Woodworking And Paper Machinery Market – Macro Economic Scenario
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- Global Woodworking And Paper Machinery Market Competitive Benchmarking
- Global Woodworking And Paper Machinery Market Competitive Dashboard
- Key Mergers And Acquisitions In The Woodworking And Paper Machinery Market
- Woodworking And Paper Machinery Market Future Outlook and Potential Analysis
- Appendix
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