FOR IMMEDIATE RELEASE
September 12, 2018
— Finished wood products manufacturing include establishments engaged in manufacturing other wood products such as wooden windows and doors, cabinets, kitchenware and wooden mobile homes, and other products.
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The global finished wood products market has been growing in the past years with a CAGR of almost 8%. The year 2017 recorded high growth in this market with a net market value more than 26% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global finished wood product market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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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 developed robot automation solutions for picking, packing & palletizing and offers such technologies to manufacturers of wood panels, doors & door frames, windows & window frames and other wooden construction materials.
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Companies included in the report are LIXIL Group, JELD-WEN, Pella, Masco, Masonite, and Stora Enso.
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