At 4.4% CAGR, Asia Pacific Sawmill Machinery Market is Projected to be Worth US$ 268.27 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific sawmill machinery market was valued at US$ 190.43 million in 2023 and is expected to reach US$ 268.27 million by 2031, registering a CAGR of 4.4% from 2023 to 2031. Rising demand for wood products and modern technological developments in sawmill machineries are among the critical factors attributed to the Asia Pacific sawmill machinery market expansion.

The trade-in forest products cover the spectrum from raw wood products, such as wood logs and wood chips, to highly processed wood products, including furniture and fine paper. In the wood products sector, some countries specialize in the production of raw wood, others in various aspects of processing, while still others produce both raw wood and processed value-added wood. Lumber is the most widely used product produced in the solid wood sector of the forestry industry and is the most intensively traded worldwide. It is typically used for structural purposes in construction as well as furniture, flooring, and woodwork. Wood panels such as plywood are the second most traded wood products.

Rising wood product demand from industries such as manufacturing, construction, paper, packaging, and others fuels the requirement for sawmill machinery to convert wood logs into lumber. According to the World Bank, the demand for timber wood is expected to quadruple by 2050, which is anticipated to fuel the demand for sawmill machinery in the coming years. In addition, the government initiatives toward promoting the use of timber in the construction sector drive the wood products trade worldwide.

On the contrary, government regulations on deforestation and fluctuating lumber prices hamper the growth of Asia Pacific sawmill machinery market.

Based on type, the Asia Pacific sawmill machinery market is bifurcated into fixed sawmills and portable sawmills. The fixed sawmills segment held 73.1% market share in 2023, amassing US$ 139.28 million. It is projected to garner US$ 192.21 million by 2031 to register 4.1% CAGR during 2023-2031.

In terms of application, the Asia Pacific sawmill machinery market is bifurcated into woodworking industry and forestry. The woodworking industry segment held 78.1% share of Asia Pacific sawmill machinery market in 2023, amassing US$ 148.65 million. It is projected to garner US$ 213.31 million by 2031 to expand at 4.6% CAGR during 2023-2031.

Based on country, the Asia Pacific sawmill machinery market has been categorized into China, Japan, India, Australia, South Korea, New Zealand, and the Rest of Asia Pacific. Our regional analysis states that China captured 40.1% share of Asia Pacific sawmill machinery market in 2023. It was assessed at US$ 76.27 million in 2023 and is likely to hit US$ 110.53 million by 2031, exhibiting a CAGR of 4.7% during 2023-2031.

Key players operating in the Asia Pacific sawmill machinery market are HewSaw; AriVislanda AB; PRIMULTINI s.r.l.; Corley MFG; USNR, LLC; Optimil Machinery Inc.; A.COSTA-RIGHI S.R.L.; and OI. Innovation Co., Ltd. among others.

• In June 2024, AriVislanda merges with sister company Milltech. The companies have collaborated for a long time and see great opportunities to be able to deliver complete solutions to sawmills worldwide create an even stronger offer,and take the next step in the market.
• In July 2022, Veisto Oy and Versowood entered into a contract on 15 March 2022 to acquire the Kissakoski Sawmill, which Veisto Oy owns, and transfer its operations to Versowood in July 2022. The Kissakoski unit's business, machinery and buildings will be transferred in the acquisition. Approximately 20 company employees will be transferred to Versowood as old employees.
  
  

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