The growth of the market is attributed to the rising infrastructure projects in residential as well as commercial construction. The adoption of woodworking sanders for residential purposes as well as the rising setups for manufacturing and increasing maintenance and repair operations of the wood across the globe is likely to bolster the woodworking sanders sales. According to the latest research by Fact.MR, the woodworking sanders sales are expected to grow at a CAGR of 5.1% during the forecast period of 2021-2031.
Moreover, factors such as risks in doing the handful operations to make the plane surface over the woods are likely to add fuel to the market.
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The speedy growth of the furnishing industry is likely to drive the demand for woodworking sanders in the forecast period. The explosion in e-commerce sector has generated massive opportunities for the companies and traders of woodworking sanders. In order to cater the global demand, these companies and sellers are more concentrating on selling through various e-commerce websites. The promotion of the product through several online sales channels is expected to offer beneficial opportunities to the market in the near future.
Growing demand for engineered wood and the rise in constructions industry with the demand for artistic look of wooden products is expected to drive the overall growth. The growing advancements in woodworking sanders will help to build the smart wood surface designs. Wooden furniture’s along with reduced conventional risks of termite attacks and water spoilage on wood surface is now finding peculiar importance.
Moreover, the demand for woodworking sanders is rising more in the residential sector than commercial sector due to the demand for cupboards and interior wooden decorations. This is enhancing the demand in the global market for wooden furniture like beds and chairs, sofa sets and dining sets is constantly increasing.
With the rise in disposable income of people’s, it is expected to increase the spending on home decor utility products like home furniture, which clues to escalate the demand for designed wooden products, leads to grow the sale of woodworking sanders.
The rising demand for wooden furniture across the globe, is driving by the residential sector owing to the customer’s interest in consuming small wooden products in homes. . Apart from this, the demand for engineered wooden furniture is also rising in developed and developing economies.
The rapid urbanization has stemmed the setup of collective number of new households. Currently more than half of the worldwide population lives in urban areas and such intensities are estimated to increase the use of woodworking sanders in next few years, generating a progressive impression on the demand for wooden furniture products. The rising need for modern wooden furniture in office interiors posing a productive & comfortable working environment will also promote the demand for woodworking sanders in the commercial application.
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Asia Pacific region accounts as the second largest region where the countries are focusing on the construction and infrastructure sector with the rapid flow. This region flourishes economical labors and rich raw material to witness upper hand over other regions. The rise in the sale of woodworking sanders on several e-commerce platforms and portals is the major factor for the rise in penetration of woodworking sanders in the region.
The growing outsources activities of semi-finished wooden furniture products are majorly subsidizing the regional growth. The rising consumer inclinations toward customization & personalization of home decor wooden products will also
Being a moderately fragmented market, the companies have a dominant presence across various regions through efficient dispersal networks.
are amongst the leading players in the Woodworking Sanders sector.
These companies are projected to face healthy competition in the forecast period, due to the entry of a significant number of local manufacturers into the market. The manufacturers are undertaking joint ventures, acquisitions and mergers with local companies to enlarge their product portfolio. The companies in developing countries are more aiming to reduce the production cost and accomplish the bearable expansion of their businesses.
Major brands like Ingersoll Rand and Robert Bosch Tool Corporation are expected to focus more on the modernization of new products including R&D activities to strengthen their position in the global woodworking sanders market.
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