Robots are replacing traditional hand sanding and wood finishing tools. Robot based wood automation tool providers have launched robots that carry out wood sanding, polishing and finishing precisely and quickly. They are developing technologies for assembling a wooden window frame to routing designs in wood panels for a wide range of materials and surfaces. For instance, ABB’s robot automation solutions were implemented in leading companies such as IKEA, VELUX and Svedplan.
THE BUSINESS RESEARCH COMPANY EXPECTS THE WOOD PRODUCTS MANUFACTURING MARKET TO GROW TO $3 TRILLION BY 2021
Asia Pacific was the largest region in the wood products manufacturing market in 2017, accounting for half of the market share. This can be attributed to the economic growth in the region, leading to increased demand for wood and wood products from manufacturing, and consumer goods industries. Increased demand for wood houses in earthquake prone countries such as Japan also drove the market.
According to The Business Research Company’s Consultant, Nitin Gianchandani, manufacturing in wood industries is getting faster and leaner with the adoption of sensor and wireless technologies. Sensors are generating insights for improving process efficiencies and reduce potential breakdowns. Wireless technology is aiding the implementation of sensor technology in manufacturing units. For instance, sensors are being used to detect feed areas, detect dull edges and measure wood size and thickness. Major companies offering sensor technology for wood industries are Leuze electronic and Harnisch.
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Georgia-Pacific was the largest wood product manufacturing company, with revenues of $17.2 billion for the financial year 2016. The company engages in the manufacturing and marketing of tissue, pulp, paper, packaging, and building products, and related chemicals. Its sustainability strategy includes minimizing the impact on environment; paper recovery and recycling; recycling its products; reusage of its products; and renewing of its products. Its growth strategy includes strategic expansion in new areas to strengthen its business operations. For instance, in September 2016, it completed lumber operation in its Gurdon, Arkansas with an investment of $40 million. The expansion also includes the installation of a new continuous dry kiln, a state-of-the-art planer mill.
The wood products manufacturing industry comprises establishments engaged in manufacturing products derived from wood. This industry includes companies manufacturing lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes and prefabricated wood buildings. Wood products product process include sawing, planning, shaping, laminating, and assembling of wood products into bolts or lumber.
Wood Products Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $6000 for an individual user. To use across your office, the price is $9000 and $12000 if you wish to use across a multinational company.
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