Major companies in the woodworking and paper machinery market include Dream International Limited; Adidas; Integrity Toys Inc; JAKKS Pacific Inc and LEGO Group. The global woodworking and paper machinery market is expected to grow from $42.
New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Woodworking And Paper Machinery Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018792/?utm_source=GNW
32 billion in 2020 to $45.32 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $76.59 billion in 2025 at a CAGR of 14%.
The woodworking and paper machinery market consists of sales of woodworking and paper machinery by entities (organizations, sole traders or partnerships) that produce sawmill and woodworking machinery (except handheld), such as circular and band sawing equipment, planning machinery, and sanding machinery, and/or manufacturing paper industry machinery for making paper and paper products, such as pulp making machinery, paper and paperboard making machinery, and paper and paperboard converting machinery. The woodworking and paper machinery market is segmented into woodworking machinery and paper industry machinery.
Western Europe was the largest region in the global woodworking and paper machinery market, accounting for 41% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global woodworking and paper machinery market. Africa was the smallest region in the global woodworking and paper machinery market.
Automation is a new technology manufactured by sawmill, and woodworking machinery manufacturers as it provides faster, efficient, and optimium production and minimizes waste. Automated sawmill and woodworking machineries perform tasks without human intervention. These automated machineries include roundwood handling and cutting systems, fully automated debarking systems, X-ray scanners.
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