sawmill machinery Market

The sawmill machinery market is expected to grow from US$ 1,419.42 million in 2023 to US$ 2,018.73 million by 2031; it is anticipated to record a CAGR of 4.5% from 2023 to 2031. The report includes growth prospects owing to the current sawmill machinery market trends and their foreseeable impact during the forecast period.

The global sawmill machinery market is bifurcated on the basis of type and application. In terms of type, the sawmill machinery market is divided into fixed sawmill and portable sawmill. The portable sawmill segment is projected to lead the market during the forecast period. Factors such as increasing investments and growing demand for wood products are fuelling the sawmills market.

Geographically, the sawmill machinery market is categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America holds the largest market share in 2023 and is anticipated to continue its dominance during the forecast period. A strong construction industry, wide forest area, and increased demand for energy are a few of the factors driving the market. Moreover, the Agriculture Ministry in Germany, in 2023, suggested increasing the wood quota in residential construction by 30%. Continuous growth in the construction industry is projected to increase the demand for wood in the coming years.

Europe is expected to register the highest CAGR in the market during the forecast period owing to the presence of a large forest area and strong furniture exporting activities. The wood-panel sector in Germany generated US$ 6.6 billion in revenue in 2021. In comparison to 2020, total turnover grew by 23.7%, owing to increased demand for wood products in the construction sector. Thus, owing to high adoption in the construction sector, the demand for sawmills and plywood plants has increased in Germany, ultimately driving the sawmill machinery market.

The forest area in Italy is spread across 10 million hectares, which is equivalent to one-third of the national land and ~5% of the European forested area. Italy ranks sixth in Europe for forested lands, trailing Sweden, Finland, Spain, France, and Germany. Thus, woodworking is one of the major industries in Italy. Also, Italy is a major exporter of wood furniture in the EU. Additionally, the usage of wood in the construction sector is high compared to other countries in the region, owing to the upsurging demand for sustainable materials. Reduced construction project time, along with the demand for high-performance materials has raised attention toward prefabricated construction solutions. Among these, wood-based prefabricated components account for ~2.8% of housing assets and ~8.5% of total construction reserve in Italy. Thus, owing to the robust furniture industry and implementation in the construction sector, the demand for woodworking tools such as sawmill machinery has increased in the past few years. Moreover, Italian manufacturers have been at the forefront of the eco-friendly movement, investing in cutting-edge processes and alternative materials that significantly reduce their carbon footprint. Thus, the growing application of wooden products is driving the sawmill machinery market in Italy.

HewSaw, BID Group Technologies Ltd., Esterer WD GmbH, Mendes Maquinas, SAB Sagewerksanlagen GmbH, Real Performance Machine, and Linck are among the key players profiled in the plain bearings market report. Companies in the sawmill machinery market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.