Projected to span from 2023 to 2033, the global thickness planers market is set to undergo substantial growth, characterized by a noteworthy Compound Annual Growth Rate (CAGR) of 5.4%. This progression is anticipated to result in a significant market valuation of US$ 3.2 billion by 2033. The driving force behind this robust expansion is the increasing adoption of thickness planers by woodworkers and DIY enthusiasts on a global scale.
Central to this growth is the indispensable woodworking equipment known as thickness planers. These machines play a pivotal role in woodworking by precisely trimming wood boards to achieve uniform thickness along their length. The pervasive use of thickness planers can be observed in both domestic settings and woodworking establishments, where they serve two key purposes: refining and smoothing coarse wooden surfaces and thinning lumber to desired specifications.
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Thickness planers are now commonplace in homes and woodworking shops for quickly creating parallel surfaces and adjusting the thickness of finished boards. These machines trim wood more precisely and accurately. The increasing use of thickness planers by woodworkers and DIY enthusiasts for flattening and trimming wooden boards to the desired thickness is providing a significant benefit.Furthermore, innovation in thickness planers technology, size, and design plays a significant role in growing the thickness planers market. Initially, thickness planers were large industrial machines that were expensive and difficult to use in a home setting. This prompted manufacturers to release portable thickness planers in small sizes.
Furthermore, the increasing use of thickness planers for other woodworking tasks such as chamfering, jointing wide boards, and creating tapers will boost their sales in the future.
Key Takeaways:
- Projected Growth: The thickness planers market is expected to experience significant growth from 2023 to 2033.
- Rising Adoption: The increasing adoption of thickness planers by woodworkers and DIY enthusiasts worldwide is driving market expansion.
- Function and Purpose: Thickness planers are woodworking machines used to achieve consistent thickness throughout the length of wood boards. They are employed to make rough wooden surfaces flat, smooth, and reduce their thickness.
- Technological Advancements: Traditional manual labor for adjusting wood board thickness and surface smoothness has been replaced by advanced technology like thickness planers. These tools have improved efficiency, reduced labor costs, and saved time.
- Precision and Accuracy: Modern thickness planers offer better precision and accuracy in creating parallel surfaces and adjusting board thickness. They have become standard tools in both home and industrial settings.
- Innovation and Portability: The market has seen innovation in thickness planer technology, size, and design. Manufacturers have introduced portable and compact thickness planers, expanding their use beyond large industrial settings.
- Diverse Applications: Thickness planers are now used for various woodworking tasks, including machining chamfers, jointing wide boards, and creating tapers, which contributes to their increasing popularity and sales.
Market Competition:
Some of the key participants present in the global thickness planers market include Black & Decker Inc. (DeWalt), POWERTEC, WEN Products, Delta Power Equipment Corporation, Makita Corporation, Grizzly Industrial Inc., King Canada, Portable-Cable Corporation, General International and Cutech Tool LLC.
These leading market players are constantly upgrading their products portfolios to increase their customer base. They are using various strategies such as price reduction, development of compact products, move towards online platforms and partnerships with domestic players to expand their global footprint.
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Key Segments :
By Type:
- Handheld
- Bench-Top
- Heavy Duty
By Input Width:
- Less than 15 Inches
- More than 15 Inches
By End User:
- Personal
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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