Woodworking Router Bits Market will Account for Revenues Worth US$ 150 Mn by 2029 - PowerPoint PPT Presentation

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

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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. – PowerPoint PPT presentation

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Title: 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)
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