The global edge banders market is estimated to exhibit growth at a robust CAGR over the forecast period 2022-2032. Rising emphasis on the introduction of advanced automatic and semi-automatic edge banders integrated with innovative technologies such as laser technology is expected to facilitate the growth in the market.
Edge banders are assistive wood trimming machines used to trim and stick side strips of furniture with the help of adhesives such as glue. They are also used to cover the exposed sides of materials such as medium density fibreboard (MDF), particleboard, or plywood,enhance the durability, and elevate the appearance of materials used in furniture.
To trim the side edged of furniture items in an efficient manner and as per the end user requirement, these trimming machines are incorporated with height adjusting and leveling pads, allowing the operator to adjust the height and level as per the furniture surface thickness. Edge banding increases the life of wooden products, by protecting them from moisture, increasing strength, and durability.
Attributed to these benefits, edge banding is gaining huge traction across the woodworking and furniture sector. It is increasingly being used for doors, kitchen furniture, windows, cabinets, and others, which is in turn, propelling the demand for edge banders.
Untrimmed edges of furniture may cause wounds on hands or legs and end up tearing the clothes of the people using these furniture items. Hence, advanced laser technology-based edge banders are used for residential and commercial furniture items to provide smooth finishing to the furniture edges.
Edge banders play a vital role in making decorative enhancements and changes to furniture items such as consoles, tables, and bookshelves among others. Hence, increasing consumer spending on enhancing home aesthetics across the countries such as China, the U.S., Germany, India, and others is expected to augment the demand for edge banders in the market.
A significant rise in building and construction activities is being witnessed, especially across developing economies, owing to the surging trend of urbanization. For instance, as per the India Brand Equity Foundation, in 2021, the Indian Government has announced allocating nearly US$ 868 million for the construction of 100 smart cities under the Smart Cities Mission.
In addition to this, rapidly expanding commercial sector and rising number of luxury hotels, inns, motels, restaurants, and corporate offices are significantly bolstering the demand for wooden products such as tables, doors, windows, cabinets, and others. As edge banders are used for the processes such as banding, gluing, edge cutting, trimming, and buffing to give a compelling finish to aforementioned products, these developments are estimated to bolster the sales in the market.
Increasing concerns pertaining to environmental sustainability are encouraging governments worldwide to implement numerous stringent laws and regulations regarding deforestation.
For instance, the Government of the U.S. has implemented several laws under the acts such as the National Environmental Policy Act, the Lacey Act, the Endangered Species Act, the Wilderness Act, and among others to lower deforestation and protect the forest wood in the country. Thus, decreasing output of wood is hampering the demand for woodworking machines such as edge banders in the global market.
Also, high initial cost and cost of maintenance of edge banders are other factors restraining the growth in the market.
As per FMI, Asia Pacific excluding Japan is projected to account for the dominant share in the global edge banders market between 2022 and 2032.
As the trend of urbanization continues to create deeper inroads across Asia Pacific, governments in several countries across the region are emphasizing on undertaking a number of initiatives to upgrade old infrastructures and construct new ones.
For instance, according to a report by the India Brand Equity Foundation, the Government in India announced sanctioning nearly US$ 1.89 Billion to support the initiatives such as “Housing for All” under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in 2021.
As edge banders are extensively being used for processing furniture items such as cabinets, tables, kitchen furniture, and others used in these infrastructures, this surge in residential construction activities is anticipated to create lucrative growth opportunities in the Asia Pacific excluding Japan market.
Future Market Insights states that Western Europe is anticipated to register robust growth in the global edge banders market over the forecast period 2022-2032.
With increasing trends of single living and rising consumer inclination towards adopting wooden products to enhance home aesthetics, a significant rise in demand for wooden furniture items is being registered across Western Europe, creating strong demand for woodworking machines such as edge banders.
Hence, several leading players in the market are focusing on launching novel products to capitalize on the existing opportunity. For instance, in 2018, Homag, a German provider of woodworking solutions, announced launching two new robust entry-level edge banders, Edgeteq S-240 and Edgeteq S-300. These models are equipped with a pre-milling unit and Homag’s in-house airTec system, and DFC tool technology. A slew of such new product launches is estimated to propel the demand for edge banders in the Western Europe market.
Some of the leading players in the global edge banders market are HOMAG, SCM Group, Vector Systems, Michael Weinig, Shree Umiya F-Tech Machines, HOLZ-HER GmbH, Nihar Industries, Virutex, HOFFMANN, JAI Industries, Altendorf GmbH, CO-MATIC Machinery, BI-MATIC, Felder Group, Nanxing, and Golden Hill Woodworking Machinery.
Attributed to the presence of such high number of participants and increasing high performance product launches, the market is highly competitive.
| Report Attribute | Details |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the global edge banders market to expand at robust value CAGR by 2032
The market for edge banders is dominated by Asia Pacific excluding Japan, and this trend is projected to continue in the foreseeable future
HOMAG, SCM Group, Vector Systems, Michael Weinig, Shree Umiya F-Tech Machines, HOLZ-HER GmbH, Nihar Industries, Virutex, HOFFMANN, JAI Industries, Altendorf GmbH, CO-MATIC Machinery, BI-MATIC, Felder Group, Nanxing, Golden Hill Woodworking Machinery, and others are among the major participants in the edge banders industry.
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