Woodworking Machines Market Analysis Europe, APAC, North America, Middle East and Africa, South America - US, Canada, China, UK, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 160 SKU: IRTNTR44493

Woodworking Machines Market 2024-2028

The woodworking machines market size is forecast to increase by USD 1.32 billion, at a CAGR of 4.74% between 2023 and 2028. The growth rate of the market depends on several factors, such as the increasing adoption of automated woodworking machines, the growing demand for wooden furniture, and the rising construction of residential and commercial buildings. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecast market scenario.

The expansion of Europe's construction sector is set to propel market growth, with companies like Akhurst Machinery providing woodworking machines including the Demo Cantek NU1100NRP top planer sander and Used Doucet P 202 Pneumatic drum sander. Biesse Group contributes to the industry with offerings like Rover A, Rover A Edge 16, and Rover B Edge. This surge aligns with the growth rate, benefits, and global market trends, emphasizing convenience and consumer consumption patterns, all contributing to positive forecasts and market analysis.

Woodworking Machines Market Forecasting and Size

Woodworking Machines Market Forecast 2024-2028

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Growing demand for wooden furniture

The sales of wooden furniture have a direct impact on the growth of the woodworking machines market, as the furniture industry contributes 82.26% of the market share. In addition, most of the demand for wooden furniture is coming from the residential segment. Furthermore, the growth of the wooden furniture industry was also supported by economic factors such as rising urban population and increasing per capita spending.

Moreover, in residential and commercial spaces, wooden furniture provides enhanced durability and improved aesthetic looks to the living space. In addition, due to increased brand consciousness and awareness about interior design trends, residential and commercial users have increased the magnitude of investments in furnishing products in wooden categories. Therefore, the furniture manufacturer uses woodworking machines to deliver highly engineered wooden furniture to the end-users. Hence, such factors are driving the market growth during the forecast period.

Trends - Integration of robots with woodworking machines

Woodworking machines for manufacturing wood products are mainly used in industries including the furniture and construction industries. In addition, in today's competitive world, automation is key to achieving high productivity while ensuring flexibility in lot sizes. Furthermore, automation in the woodworking industry enables quick changeover between batches, enhances the volume of production, and results in improved manufacturing tolerances and improved product quality.

Moreover, the use of robotics in the manufacturing process will offer many benefits. In addition, one such benefit is collision resistance, where robots use sensors to interact with other machines to avoid the possibility of contact while handling the workpiece.  Furthermore, the sensors fitted in the robots allow them to eliminate the possibility of crashing with the other moving parts in the production process.  Hence, such factors are driving the market growth during the forecast period.

Challenge - High cost of installation of automated woodworking machines

The requirement of high capital investment during the adoption of automation control systems is one of the key concerns impacting the global market. In addition, proprietary control systems require high capital expenditure for their installation, regular upgrades, integration, and support. Furthermore, the growing need for product quality requires the seamless integration of automation systems, but with limited capital, most small- and medium-sized enterprises (SMEs) find it difficult to complete automation of their existing woodworking process.

Moreover, industrial operators often find it difficult to realize the actual return on investment (ROI) through the implementation of automation systems due to the fast-changing automation solution and various technological components involved in it. Furthermore, while upgrading software in proprietary automated solutions, the existing operating system may not support the new program. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.

Market Segmentation by Application, Distribution Channel, and Geography

Application Segment Analysis:

The furniture segment is estimated to witness significant growth during the forecast period. Woodworking machines are extensively used in the furniture industry. In addition, wooden furniture and household wooden furniture are the basic products that are developed using woodworking machinery. Furthermore, in residential spaces, furniture is used for its usability and aesthetics.

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The furniture segment was the largest segment and was valued at USD 2.70 billion in 2018. Moreover, the demand for portable wooden furniture is increasing due to the trend of shifting homes. In addition, home wooden furniture includes furniture that is used in living rooms, bedrooms, kitchen spaces, dining rooms, bathrooms, and other areas in the house. Furthermore, decorative pieces made from wood are also in high demand in residential spaces. In addition, some of the commonly used home wooden furniture products are sofa sets, tables, chairs, entertainment furniture sets, decorative side tables, shelves, beds, dressing tables, wardrobes, and study tables. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Distribution Channel Analysis:

Based on the distribution channel, the market has been segmented into offline and online. The offline?segment will account for the largest share of this segment. The global woodworking machine market has transformed significantly over the years, adapting to technological advancements and changing consumer preferences. In addition, within this expansive market, the offline distribution channel stands out as a distinct and vital segment, catering to a specific set of customers and business dynamics. Moreover, offline distribution channels are defined as physical stores, dealerships, and distributors that operate offline without a strong online presence. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Regional Analysis

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Europe is estimated to contribute 35% to the growth by 2028.  Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The presence of major vendors (such as Biesse Group) contributes to the expansion of Europe-based furniture production facilities which is fuelling the market growth in the region. In addition, Italy, Germany, the UK, and France are the key countries in the wooden furniture market in Europe. Moreover, the demand for premium wooden furniture with appealing designs is relatively higher in Europe. Furthermore, Germany is the largest economy in EMEA and the largest construction market in the region. The construction market in Germany picked up a considerable pace post-2021, after witnessing a slow growth during 2020-2021. In addition, the steady rise in the domestic population and the inflow of refugees from the Middle East countries are increasing the burden on the country's existing residential and healthcare infrastructure. Hence, such factors are driving market growth in Europe during the forecast period.

Who are the Major Woodworking Machines Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Durr AG: The company offers woodworking machines such as Case clamp CABTEQ S 250, Case clamp CABTEQ S 200, and Electric throughfeed case clamp CABTEQ T 200 under the brand HOMAG Group AG.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

A L Dalton Ltd.,Chuanhuan Enterprise Co. Ltd., Grizzly Industrial Inc., HOLYTEK INDUSTRIAL CORP, IMA Schelling Group GmbH, JPW Industries Inc., Masterwood Spa, Michael Weinig AG, Nihar industries, Oliver Machinery Co., Otto Martin Maschinenbau GmbH and Co. KG, Robland Ltd., RS wood SRL, Salvador Srl, SCM GROUP Spa, Socomec, and Zhengzhou Leabon Machinery Equipment Co. Ltd.

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market report analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook 
    • Furniture
    • Construction
    • Shipbuilding
  • Distribution Channel Outlook 
    • Offline
    • Online
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Woodworking Machines Market is witnessing growth driven by the demand for doors, windows, cabinets, and wooden components, propelled further by urbanization and infrastructure development. The rise in middle-range and affordable housing units contributes to the market surge. Small and medium-sized woodworking businesses are adopting CNC routers and computer-controlled saws, enhancing efficiency and precision. However, upfront investments, initial costs, and the need for skilled workers pose entry barriers. The industry faces challenges such as supply chain disruptions, machinery delivery issues, and economic uncertainties. Embracing CNC technology remains a pivotal factor in navigating these dynamics.

Woodworking Machines Market Scope

Report Coverage

Details

Page number

160

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.74%

Market Growth 2024-2028

USD 1.32 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.95

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 35%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

A L Dalton Ltd., Akhurst Machinery Ltd., Biesse Group, Chuanhuan Enterprise Co. Ltd., Durr AG, Grizzly Industrial Inc., HOLYTEK INDUSTRIAL CORP, IMA Schelling Group GmbH, JPW Industries Inc., Masterwood Spa, Michael Weinig AG, Nihar industries, Oliver Machinery Co., Otto Martin Maschinenbau GmbH and Co. KG, Robland Ltd., RS wood SRL, Salvador Srl, SCM GROUP Spa, Socomec, and Zhengzhou Leabon Machinery Equipment Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Woodworking Machines Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the woodworking machines market between 2023 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across Europe, APAC, North America, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about woodworking machines market companies
  • Comprehensive market growth analysis of factors that will challenge the growth of woodworking machines market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global woodworking machines market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global woodworking machines market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Furniture - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Furniture - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Furniture - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Furniture - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Furniture - Year-over-year growth 2023-2028 (%)
    • 6.4 Construction - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Construction - Year-over-year growth 2023-2028 (%)
    • 6.5 Shipbuilding - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Shipbuilding - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Shipbuilding - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Shipbuilding - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Shipbuilding - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 50: Chart on Comparison by Distribution Channel
      • Exhibit 51: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 7.4 Online - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 60: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Akhurst Machinery Ltd.
              • Exhibit 115: Akhurst Machinery Ltd. - Overview
              • Exhibit 116: Akhurst Machinery Ltd. - Product / Service
              • Exhibit 117: Akhurst Machinery Ltd. - Key offerings
            • 12.4 Biesse Group
              • Exhibit 118: Biesse Group - Overview
              • Exhibit 119: Biesse Group - Business segments
              • Exhibit 120: Biesse Group - Key offerings
              • Exhibit 121: Biesse Group - Segment focus
            • 12.5 Chuanhuan Enterprise Co. Ltd.
              • Exhibit 122: Chuanhuan Enterprise Co. Ltd. - Overview
              • Exhibit 123: Chuanhuan Enterprise Co. Ltd. - Product / Service
              • Exhibit 124: Chuanhuan Enterprise Co. Ltd. - Key offerings
            • 12.6 Durr AG
              • Exhibit 125: Durr AG - Overview
              • Exhibit 126: Durr AG - Business segments
              • Exhibit 127: Durr AG - Key offerings
              • Exhibit 128: Durr AG - Segment focus
            • 12.7 Grizzly Industrial Inc.
              • Exhibit 129: Grizzly Industrial Inc. - Overview
              • Exhibit 130: Grizzly Industrial Inc. - Product / Service
              • Exhibit 131: Grizzly Industrial Inc. - Key offerings
            • 12.8 HOLYTEK INDUSTRIAL CORP
              • Exhibit 132: HOLYTEK INDUSTRIAL CORP - Overview
              • Exhibit 133: HOLYTEK INDUSTRIAL CORP - Product / Service
              • Exhibit 134: HOLYTEK INDUSTRIAL CORP - Key offerings
            • 12.9 IMA Schelling Group GmbH
              • Exhibit 135: IMA Schelling Group GmbH - Overview
              • Exhibit 136: IMA Schelling Group GmbH - Product / Service
              • Exhibit 137: IMA Schelling Group GmbH - Key offerings
            • 12.10 Michael Weinig AG
              • Exhibit 138: Michael Weinig AG - Overview
              • Exhibit 139: Michael Weinig AG - Product / Service
              • Exhibit 140: Michael Weinig AG - Key offerings
            • 12.11 Nihar industries
              • Exhibit 141: Nihar industries - Overview
              • Exhibit 142: Nihar industries - Product / Service
              • Exhibit 143: Nihar industries - Key offerings
            • 12.12 Oliver Machinery Co.
              • Exhibit 144: Oliver Machinery Co. - Overview
              • Exhibit 145: Oliver Machinery Co. - Product / Service
              • Exhibit 146: Oliver Machinery Co. - Key offerings
            • 12.13 Robland Ltd.
              • Exhibit 147: Robland Ltd. - Overview
              • Exhibit 148: Robland Ltd. - Product / Service
              • Exhibit 149: Robland Ltd. - Key offerings
            • 12.14 RS wood SRL
              • Exhibit 150: RS wood SRL - Overview
              • Exhibit 151: RS wood SRL - Product / Service
              • Exhibit 152: RS wood SRL - Key offerings
            • 12.15 Salvador Srl
              • Exhibit 153: Salvador Srl - Overview
              • Exhibit 154: Salvador Srl - Product / Service
              • Exhibit 155: Salvador Srl - Key offerings
            • 12.16 SCM GROUP Spa
              • Exhibit 156: SCM GROUP Spa - Overview
              • Exhibit 157: SCM GROUP Spa - Product / Service
              • Exhibit 158: SCM GROUP Spa - Key offerings
            • 12.17 Socomec
              • Exhibit 159: Socomec - Overview
              • Exhibit 160: Socomec - Product / Service
              • Exhibit 161: Socomec - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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