New York, NY -- (SBWIRE) -- 06/27/2019 -- Mortiser Market: Introduction
Mortiser or Morticer is a type of wood working machine specialized in drilling operations. Mortiser is used to cut rectangular or square shaped holes in a piece of timber that enables the wood worker to generate a mortise hole in a mortise and tenon joint. The machine generally operated with small footprints with the ability to handle large work pieces. Mortiser or mortising machine is considered to be among the top necessary wood working machines in the market. Growing residential as well as commercial construction across the globe is estimated to fuel the demand for wood working machinery and subsequently propel the demand for mortiser machines. This in turn is estimate to contribute to the growing market of mortiser across the globe during the forecast period.
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Mortiser Market: Dynamics
The global construction industry is gradually regaining strength after having endured a prolonged period of sluggishness in the wake of global financial crisis. Real estate sector, which is expected to grow at a good pace annually, is expected to be the prime demand generator in wood working machine market in developed regions globally. Countries such as the United States, China and India are expected to create several opportunities over the forecast period. This in turn may positively impact the sales of mortiser and significantly contribute to the growth of global mortiser market. The rising demand for wood products, especially plywood, as a building product to reduce the overall weight of the structure in turn will propel the overall demand for plywood in all application segments globally, which will further drive the growth of the mortiser market over the forecast period.
Rising prominence of plywood in the packaging industry owing to its several benefits such as light weight, significant mechanical strength, being reusable etc. to keep the plywood demand driven. This in turn is also considered to be the primary factor driving the growth of global mortiser market during the forecast period.
The ongoing trend gaining momentum in the mortiser market is the increasing use of online methods to market and sell products. . Among the various ways of selling or marketing a product, social media stands out as one of the trending media. Several social media platforms including Facebook, Twitter, LinkedIn and Google+, contain information (images, videos, links or written texts) about mortiser, its types and distinguishing factors, posted by manufacturers or distributors or even consumers
Mortiser Market: Segments
The global mortiser market has been segmented by product type, distribution channel and end use industry
By type of product, the global mortiser market is segmented into
Square Chisel or Hollow Chisel Mortiser
Horizontal Mortiser or Slot Mortiser
By type of sales channel, the global mortiser market is segmented into
Online Sales Channel
Offline Sales Channel (Retails or Distributors)
By type of end use industry, the global mortiser market is segmented into
Mortiser Market: Regional Outlook
According to the database from United Nation (UN), global woodworking machinery accounted for an export value of US$ 7.38 billion in the year 2015. Germany accounted for a dominant share of around one fourth of the total export market whereas China, Italy and Taiwan were the following countries. Large-scale investments have been observed in infrastructural development, especially in the U.A.E. and Japan. This in turn is anticipated to open the doors for the region specific market participants in the mortiser market. Africa is also estimated to be an opportunistic market for mortiser owing to the presence of large timberlands, low maintenance cost and establishment rates in the region. Owing to growing demand from crafts and furniture, countries including Vietnam, Canada, India and Thailand are also anticipated to create significant opportunities in the global mortiser market during the forecast period.
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Mortiser Market: Key Participants
Examples of some of the market participants identified across the value chain of the global mortiser market include:
Delta Power Equipment Corporation
Wadkin Woodworking Machines
GENERAL INTERNATIONAL MFG. Co. Ltd.
Beijing New Building Material (Group) Co., Ltd.
OAV Equipment and Tools, Inc.