A wood router is a power tool or hand tool that is used by a worker to hollow out an area in a relatively hard material such as wood or plastic. A wood router is mainly used in woodworking, especially in cabinetry. A variety of router styles are available in the market out of which few are D handled while others are double knob handled. Advanced wood routers have variable speed controls and soft-start feature so that they can build up speed gradually. Larger router cutters can usually be used in a router that is mounted on a router table, making the tool even more versatile and stable.
Wood Router Market – Competitive Landscape
Robert Bosch GmbH
Bosch develops smart mobility solutions in the areas of hardware, software, and services. The company is well known for providing garden tools, heating and hot water products, home appliances, and power tools for DIY tasks. As of December 2018, the company’s employee strength was around 410,000 worldwide.
Stanley Black & Decker, Inc.
Stanley Black & Decker is a manufacturer of industrial tools and household hardware security products since 1843. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker is headquartered in New Britain, Connecticut, the U.S. with more than 60,000 employees in 2018.
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Hitachi, Ltd. is a Japanese multinational conglomerate company headquartered in Tokyo, Japan. Hitachi, Ltd. manufactures communications and electronic equipment, heavy electrical and industrial machinery, and consumer electronics. The company’s diverse product line ranges from nuclear power systems to kitchen appliances. Hitachi also operates subsidiaries in wire and cable, metal, and chemical industries. Hitachi Ltd is the parent company of the Hitachi Group and forms part of the DKB Group of companies.
Thermwood is a U.S. based multinational and diversified CNC machinery manufacturer that markets its products and services through offices in 11 countries. Thermwood is the oldest manufacturer of highly flexible axis high-speed machining centres known as CNC routers. The applications include woodworking, aerospace, plastics and composites industries, medical, entertainment, and more.
The company produced its first work station in 1976. Based in Australia, Triton Tools continues to be in the forefront of precision in every project. The company is well known for award-winning routers, laser-guided circular saws, Superjaws, and Series 2000 WorkCentre.
Other key players operating in the wood router market are Grizzly Industrial Inc., Porter-Cable, Ferm International B.V., TTS Tooltechnic Systems (Festool), VWM Ltd, AXYZ Automation Group, SCM Group, Casadei Busellato, Vortex Tool Company, Inc., Cantek America Inc., Holytek Industrial Corp, and many others.
Wood Router Market – Dynamics
Growth in Urbanization and Construction of Homes and Commercial Spaces
Many factors impact the wood router market. The market had earlier faced slowdown due to slow-moving economic conditions and sluggish growth of the construction industry. However, the market is expected to grow at a steady rate in the coming years. This is due to increasing industrial, residential, and commercial construction activities. Rising government investments for infrastructure development is expected to offer lucrative opportunities for growth of the wood router market
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