Woodworking Router Bits Market will Account for Revenues Worth US$ 150 Mn by 2029

1
Woodworking Router Bits Market

• March 2020

Report Id REP-AS-11076 Published On
Feb-2020 Category Industrial Automation
Equipment 
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage

• Customized Research
• Syndicated Research
• Investment Research
• Social Media Research

• Automotive and Transportation
• Electronics, Semiconductor, and ICT
• Retail and Consumer Products
• Industrial Automation and Equipment

• Chemicals Materials
• Food and Beverages
• Services and Utilities
• Energy, Mining, Oil, and Gas

Subscription Information


For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)

• Identifying key opinion leaders
• Questionnaire design
• In-depth interviews
• Coverage across value chain

• Key industry experts
• Channel study
• Developments
• Market dynamics
• Products
• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
Secondary Research
Paid Publications

• Linkedin
• Zoominfo
• Salesforce
• Avention

• Factiva
• GBI
• Genios
• Meltwater

• Company websites
• Company annual reports
• White papers
• Financial reports

includes sources of databases
4
Woodworking Router Bits Market Analysis

• Rising Focus on 3D Carving and Designing of
  Wood-based Furniture to Push Woodworking Router
  Bits Market Value to US 150 Mn by 2029
• Router bits are used in several woodworking
  applications such as milling, drilling, grooving,
  profiling, engraving, carving, etc.
• High accuracy and precision of carbide-tipped
  router bits are giving them a competitive edge in
  the global market.
• High demand for design furniture is another plus
  point favouring market growth.
• Furthermore, high reselling value of
  carbide-tipped router bits as compared to high
  speed steel (HSS) is also expected to push the
  growth lever of the global market in the coming
  decade.
• According to a new research report published by
  Future Market Insights (FMI), the
  global woodworking router bits market is
  estimated to exhibit a CAGR of close to 5 during
  the forecast period of 2019-2029.

5
Woodworking Router Bits Market Analysis

• Key Takeaways of Woodworking Router Bits Market
  Study
• Woodworking router bits have prominent
  application in engraving and carving all kinds of
  wood such as chipboard, plywood, hardwood, and
  softwood, and play a crucial role in the
  furniture industry.
• Targeting the expanding DIY consumer segment,
  manufacturers are offering customized products,
  which facilitate effective usage in handheld
  operations such as drilling, cutting, milling,
  etc.
• The most common types of router bits available in
  the market are handheld router bits and CNC
  router bits. Handheld router bits are limited to
  specific applications, resulting in steady market
  growth, whereas, CNC router bits are versatile,
  providing lucrative business avenues for
  investors.
• Out of all woodworking operations, grooving holds
  a significant share, and is projected to witness
  maximum growth during the forecast years.
• In recent years, the market has witnessed price
  variations, owing to diversified product lines
  offered by manufacturers that target a broad
  clientele based on the type of woodworking
  operation.
• To know more about this market, request a sample_at_
  https//www.futuremarketinsights.com/reports/samp
  le/rep-gb-11076

6
Woodworking Router Bits Market Analysis

•   In the woodworking router bits market,
  products with high-end precision and durability
  are necessary for complex woodworking operations.
  Manufacturers are capitalizing on this trend by
  actively providing customized products for
  application-specific woodworking operations.
• Woodworking Router Bits Market Competitive
  Landscape
• The woodworking router bits market has become
  increasingly competitive as manufacturers are
  launching advanced products that offer various
  operational benefits and are compatible to the
  woodworking industry.
• There are a significant number of organized and
  unorganized players actively operating in the
  global market.
• Key players involved in the woodworking router
  bits market are Robert Bosch GmbH, Stanley Black
  and Decker, Kanefusa Corporation, Amana Tool
  Corporation, and CMT Utensili SpA, among others.
• The offering of versatile router bits can be a
  differentiating move for manufacturers in the
  global market.

7
Woodworking Router Bits Market Analysis

• Asia Pacific Offering Lucrative Opportunities for
  Market Growth
• The woodworking router bits market is expected to
  gain significant traction in the coming years,
  owing to flourishing residential and commercial
  construction activities in developing economies
  of Asia Pacific.
• Rising demand from the furniture industry in the
  commercial and residential sectors is expected to
  drive the sales of router bits during the
  forecast period.
• Intense use of wooden furniture and timber for
  construction in countries such as India, China,
  and South Korea is expected to propel woodworking
  router bits market growth.
• We offer tailor-made solutions to fit your
  requirements, request customization_at_
  https//www.futuremarketinsights.com/customization
  -available/rep-gb-11076
• More from Industrial Automation
  Equipment Market Insights
• Emulsion Explosive Market
• Milk Tank Cooling System Market
• Deployable Military Shelter Market

8
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading
provider of market intelligence and consulting
services, serving clients in over 150 countries.
FMI is headquartered in London, the global
financial capital, and has delivery centers in
the U.S. and India. FMIs largest market research
reports and industry analysis help businesses
navigate challenges and take critical decisions
with confidence and clarity amidst breakneck
competition. Contact Mr. Abhishek
Budholiya Unit No AU-01-H Gold Tower (AU), Plot
No JLT-PH1-I3A, Jumeirah Lakes Towers,
Dubai, United Arab Emirates MARKET ACCESS DMCC
Initiative For Sales Enquiries sales_at_futuremarket
insights.com For Media Enquiries press_at_futuremark
etinsights.com Future Market Insights  
9
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contactHari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor,207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)