What is Global Veneer Knives Market?
The Global Veneer Knives Market is a specialized segment of the broader woodworking tools industry. Veneer knives are specifically designed tools used in the process of veneering, which involves applying thin slices of wood, known as veneers, to core panels (like doors, tops and panels for cabinets) to give them the appearance of being made from solid wood. The veneer knives market is a global one, with demand for these tools coming from various parts of the world. The market's value was estimated at US$ 274.3 million in 2022, and it is projected to reach US$ 367.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period of 2023-2029.
Slicing Knives, Clipper Knives, Peeling Knives, Others in the Global Veneer Knives Market:
The Global Veneer Knives Market is segmented based on the type of knives, which include Slicing Knives, Clipper Knives, Peeling Knives, and others. Slicing knives, which held over 50% of the market share in 2019, are used to slice thin layers of wood for veneering. Clipper knives are used to clip the veneer to the desired size, while peeling knives are used to peel the veneer from the log. The "others" category includes various other types of knives used in the veneering process. The leading manufacturer in the global Veneer Knives market is Kanefusa, with a market share of 8.11% in terms of revenue. Other key players in the market include TKM, Pilana, SIJ Ravne Systems, Lancaster Knives, Hamilton Knife, NAK, D. B. Engineering, Wudtools, and Hagedorn GmbH. These top 10 companies accounted for 32% of the market share in 2019.
Hardwood Veneer, Softwood Veneer in the Global Veneer Knives Market:
The Global Veneer Knives Market also varies based on the type of veneer being used. The two main types are Hardwood Veneer and Softwood Veneer. Hardwood veneer is typically used for high-end furniture and architectural applications, while softwood veneer is often used for lower-cost furniture and construction applications. In 2019, the sales proportion of veneer knives used for softwood veneer was about 60%, indicating a higher demand for these tools in the softwood veneer segment.
Global Veneer Knives Market Outlook:
In conclusion, the Global Veneer Knives Market is a dynamic and growing market, driven by the ongoing demand for veneered products. The market is characterized by a range of different types of knives, each with its own specific use in the veneering process. The market is also influenced by the type of veneer being used, with different tools being required for hardwood and softwood veneers. With a projected CAGR of 4.2% during the forecast period of 2023-2029, the market is expected to continue its growth trajectory in the coming years.
| Report Metric | Details |
| Report Name | Veneer Knives Market |
| Accounted market size in 2022 | US$ 274.3 million |
| Forecasted market size in 2029 | US$ 367.1 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kanefusa, TKM, Pilana, SIJ Ravne Systems, Lancaster Knives, Hamilton Knife, NAK, D. B. Engineering, Wudtools, Hagedorn GmbH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
