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


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

Woodworking Router Bits Market
  • March 2020

Report Id REP-AS-11076 Published On
Feb-2020 Category Industrial Automation
AboutFuture Market Insights
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For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
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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
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includes sources of databases
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
  • 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.

Woodworking Router Bits Market Analysis
  • Key Takeaways of Woodworking Router Bits Market
  • 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,
  • 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
  • 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
  • To know more about this market, request a sample_at_

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
  • 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.

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_
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About Future Market Insights (FMI)
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