Wafer Surface Planer Market Size, Share, Growth, And Industry Analysis, By Type (Manual Semi-automatic, Fully-automatic), By Application (Below 6 Inch, 6-8 Inch, Above 8 Inch), Regional Forecast to 2031

Updated On: 22 April 2024

Wafer Surface Planer Market Report Overview

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The global wafer surface planer market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

A surface planner refers to a heavy-duty machine that ensures the edges of the hardwood boards are square and straight so that they can be joined together to make a bigger board. Surface planners, also known as jointers, are commonly used in the surfacing process to start the procedure of surfacing the board by keeping one edge flat and one side square for future usage. The surface planner's cutter head is directly injected into the bed in order to ensure uniformity and the specified width of the wood.

COVID-19 Impact: Disruption in Supply Chain to Deplete Market Growth

During the unprecedented period of COVID-19 lockdowns, industrialists were forced to close plants, global supply systems were disrupted, and the world came to a halt. As a result, the supply side suffered, resulting in a large discrepancy in supply and demand. Because industrial manufacturing activities were almost entirely on-site and cannot be performed remotely, the industry's manufacturing capabilities were harmed as a result of the financial consequences of the lockdown, due to which companies resorted to firing spray to reduce their losses. Similarly, the wafer surface planer market growth, which was reliant on seminars and onsite work, experienced a significant drop in the demand as a result of the pandemic.

Latest Trends

"Organic Growth Techniques to Intensify Market Magnification"

Among the regional place, common organic growth techniques such as establishing facilities for research and development to build high quality, durable, and effective wafer surface planer have been observed. Key players are working to improve and create new methods for wafer surface planer applications. Manufacturers are also developing combo operations that integrate surface planner with thickness planner work into a single machine for seamless operation flow.

Wafer Surface Planer Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into manual, semi-automatic, fully-automatic

Manual is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into below 6-inch, 6-8 inch, above 8 inch

6-inch is the leading part of the application segment

Driving Factors

"Construction Industries to Boost Market Share"

The growing requirement by the construction industries will drive a continues demand for the equipment and boost the wafer surface planer market share during the anticipated period. Furthermore, the market is divided into below 6-inch, 6-8 inch on the basis of application. Above 8-inch. Below  6-inch is expected to lead the market in terms of application over the forecast period.

"Persuasion of Growth Strategies to Expand Market Forwarding"

Manufacturers are constantly seeking for methods to improve their product capabilities with better wafer surface planer that can provide safe and effective working conditions. To summarize, the global wafer surface planer market is likely to increase moderately even during forecast period. The market has grown at a modest rate during 2020 and is expected to rise throughout the forecast period as leading players pursue more growth methods.

Restraining Factors

"Lack of Consistent Thickness to Deplete Market Advancement "

Wafer surface planer do have some drawbacks that have a substantial impact on the surface plane business as a whole. Wafer surface planer cannot provide consistent thickness all throughout boat and leave a rough face on the surface. Thickness planners are then used to treat these, posing a substantial challenge to the wafer surface planer market.

Wafer Surface Planer Market Regional Insights

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"Growing Demand from Developing Economies to Foster Market Growth in Asia Pacific"

Over the forecast period, Asia Pacific is predicted to be the largest market for wafer surface planer. This region's rise can be ascribed to growing demands from developing economies such as India and China, in addition to these countries' expanding building industries.

This region's rise can be ascribed to causes such as increased demand from the furniture sector, increased residential construction activities in nations and the expansion of storage facilities by e-commerce firms prevailing in the regions.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• ACCRETECH/Tokyo Seimitsu (Japan)
• DISCO (U.S.)
• Beijing Tesidi Semiconductor Equipment Co., Ltd. (China)
• SUZHOU HRTELECTRONIC EQUIPMENT TECHNOLOGY Co.,LTD. (China)
• SpeedFam Company Limited (Japan)
• PR Hoffman (U.S.)
• Lapmaster International Ltd (Germany)
• Revasum (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.