At 3.4% CAGR, North America Sawmill Machinery Market is Projected to be Worth US$ 700.22 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America sawmill machinery market was valued at US$ 534.81 million in 2023 and is expected to reach US$ 700.22 million by 2031, registering a CAGR of 3.4% from 2023 to 2031. Modern technological developments in sawmill machineries and rising utilization of sawmill byproducts in biomass energy production are among the critical factors attributed to the North America sawmill machinery market expansion.

The sawmilling industry plays a crucial role in exploiting one of the earth's most valuable natural resources: wood. Sawmill machinery cut logs into lumber, a process that supports a wide variety of products, from building materials to furniture. The tools and materials required for this work have changed significantly over time. In the past, sawmills were predominantly operated manually, which relied on manual labor and simple machines. In recent years, there has been a significant shift toward automation and robotics, changing the way sawmills operate. Automated machines handle tasks that were once done manually, from cutting logs to sorting the finished lumber. This change accelerates the production process and makes it safer. Workers are less exposed to the dangerous aspects of sawmill work owing to the robotics and automation in sawmill machinery.

Wravor d.o.o., a sawmill machinery manufacturer, is increasingly incorporating automation and optimization systems to streamline operations and maximize efficiency in Wravor WRC1250AC. These systems use sensors, computer algorithms, and real-time data analysis to optimize wood positioning, cutting patterns, and material flow. By automating repetitive tasks and optimizing production, sawmills can achieve higher throughput and less waste. In addition, the players operating in the market are engaged in adopting collaboration strategies such as partnerships to develop technologically advanced sawmill machinery. In May 2022, Wolftek partnered with Linck Holzverarbeitungstechnik GmbH. The partnership aimed at advancing sawmill machinery solutions and technical assistance on the market in Canada. Such initiatives toward modern technological developments in sawmill machinery are expected to be the key future trend in the sawmill machinery market.

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

Based on type, the North America sawmill machinery market is bifurcated into fixed sawmills and portable sawmills. The fixed sawmills segment held 78.3% market share in 2023, amassing US$ 418.59 million. It is projected to garner US$ 535.86 million by 2031 to register 3.1% CAGR during 2023-2031.

In terms of application, the North America sawmill machinery market is bifurcated into woodworking industry and forestry. The woodworking industry segment held 83.2% share of North America sawmill machinery market in 2023, amassing US$ 444.74 million. It is projected to garner US$ 590.21 million by 2031 to expand at 3.6% CAGR during 2023-2031.

Based on country, the North America sawmill machinery market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.4% share of North America sawmill machinery market in 2023. It was assessed at US$ 440.55 million in 2023 and is likely to hit US$ 568.93 million by 2031, exhibiting a CAGR of 3.2% during 2023-2031.

Key players operating in the North America sawmill machinery market are HewSaw; BID Group Technologies Ltd; Advanced Sawmill Machinery Inc; McDonough Manufacturing Company; Corley MFG; Hurdle Machine Works, Inc.; Salem Equipment, Inc; USNR, LLC; Optimil Machinery Inc.; Real Performance Machinery, LLC; and A.COSTA-RIGHI S.R.L., among others.

• 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.
• In July 2021, BID Group is pleased to announce it has received an order from the Hunt Forest Products and Tolko Joint Venture Partnership to deliver a greenfield sawmill complex project in Louisiana. Through its industry-leading wood processing technologies and integrated solutions offering, BID will manage, design, build, equip, install, and provide full start-up services for the project.
  
  

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