Mortiser Market- Industry Analysis and Forecast (2022-2027) by Type, Application and Regions

Mortiser Market size was valued at US$ Bn. in 2021 and the total revenue is expected to grow at 3.5% through 2022 to 2027, reaching nearly US$ Bn.
Mortiser Market Overview:
A mortiser, also known as a mortising machine, is a piece of woodworking machinery used for drilling and recess cutting. This woodworking tool is increasingly being used to cut or drill rectangle, round, or square-shaped holes in wood so that the operator can make a mortise hole in tenon and mortise joints. Because of its ability to handle big quantities of wood, mortising machines have become one of the most sought-after pieces of equipment in the woodworking industry, particularly among small and medium-sized businesses. As a result, the market is estimated to grow as the number of carpenters and hobbyists grows, as well as the adoption of woodworking tools such as mortisers, which are known for their high precision and operational quality.



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Increased rehabilitation operations in the commercial and residential sectors, particularly in rising economies like Australia, China, Brazil, India, Russia, and others, are driving demand for innovative woodworking equipment like mortising machines. Furthermore, growing customer preference for the adoption of hardwood objects, owing to their beauty, deep color, and engaging finish, is boosting mortiser sales.
Mortiser Market Dynamics:
The mortise and tenon joint is a dynamic way to attach two pieces of wood together. It's been used for centuries all throughout the world for anything from bridge construction to furniture making. These attachments are gaining a lot of traction in the woodworking sector because of their cost-effectiveness, watertightness, reduced risk of wood cracking, and strong joint. Mortisers are used to make mortise and tenon joints by drilling or cutting holes of the desired shape, such as square, rectangle, or circular. As a result, the market for mortiser is expected to grow as more people use this joining technique to make wooden tables, windows, chairs, door frames, and other furniture.

Furthermore, the global trend of urbanisation is rising, resulting in increased infrastructure development and building activities, particularly in nations such as the United States, China, India, Germany, Australia, and others. As a result, governments in many nations are increasingly focused on a variety of projects to urbanize rural areas and improve infrastructure. The Government of India, for example, has declared funding roughly US$ 1.89 billion under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) initiatives to support goals such as "Housing for All" and "Smart Cities Mission," according to the India Brand Equity Foundation. Because woodworking equipment like mortiser are commonly used to make door and window frames during construction projects, such initiatives are expected to boost market growth.

Growing environmental concerns about sustainability are prompting governments around the world to enact a number of harsh deforestation rules and restrictions. For example, the United States government has enacted various laws to protect forest timber and reduce deforestation in the country, including the Lacey Act, the Wilderness Act, the National Environmental Policy, and others. As a result, falling wood production is limiting global sales of woodworking tools like mortisers. Furthermore, due to the nerve-wracking noise, assembly challenges, and the necessity for expensive specific bits, the market is seeing a movement in customer preference toward using a drill press rather than a Mortiser.
Mortiser Market Segment Analysis:
Based on Type, the Mortiser Market is segmented into Square Chisel or Hollow Chisel Mortiser, Horizontal Mortiser or Slot Mortiser and Chain Mortiser. A power tool, the square chisel mortiser is a tool that belongs in that category. It's mostly used to remove timber parts from furniture including bed frames, dressers, and chairs. The expanding construction sector around the world has increased demand for such instruments that can accomplish jobs more efficiently than hand tools.

In Mortise & Tenon joints, a hollow chisel mortiser is used to cut the wood and stone. It is made up of two steel blades with a round or square hole on one end through which the lumber or other material can be entered. The hollow chisel mortiser's other end features an angle that allows it to bite into the wood and create a cavity along its length.

Based on Application, the Mortiser Market is segmented into Construction Industry, Packaging Industry and Others. In 2020, the construction industry will lead the global market, accounting for more than 38% of total revenue. Increased investments in residential, commercial, and infrastructure developments around the world have contributed to the growth. Because of their ease of use and excellent precision, mortising machines are widely employed in both interior and exterior building applications. They also provide increased productivity and cost-effectiveness due to their small size and low power usage.

Due to fast industrialization and rising domestic demand for packaged food items such as ready-to-eat meals (REMs) and frozen foods in emerging nations like as China, India, and Brazil, the packaging sector is expected to become one of the most significant industries over the projection period.
Mortiser Market Regional Insights:
Over the forecast period 2022-2027, North America is expected to hold the highest share of the global mortiser market. With expanding client demand for wooden furniture such as tables, chairs, and closets, as well as rising residential and commercial construction activity in nations such as the United States and Canada, demand for woodworking equipment such as mortisers has risen.

As a result, industry leaders are increasingly focusing on releasing new items to capitalize on rising equipment demand. Delta Power Equipment Corp., a major manufacturer of woodworking machines, recently announced the release of the Delta 14-651 1/2" corded electric mortiser, which features simple access to the drill chuck for bit replacement and an adjustable rack. Such new product introductions are expected to boost mortiser demand in the North American market.

Between 2022 and 2027, Asia Pacific excluding Japan is expected to become a highly profitable market for mortiser. Because of its multiple advantages, including as significant mechanical strength, lightweight, low cost when compared to pure wood, attractive look, and reusability, plywood is fast gaining popularity in the packaging business. Plywood-made crates are increasingly being utilized for storing and transporting larger fruits, machinery, and fragile objects across countries like China, India, and Australia. Because mortisers are used to produce plywood boxes, sales in the Asia Pacific excluding Japan market are expected to grow.

The objective of the report is to present a comprehensive analysis of the Mortiser market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Mortiser market dynamics, structure by analyzing the market segments and project the Mortiser market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Mortiser market make the report investor’s guide.
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Mortiser Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ Bn.


Forecast Period 2022 to 2027 CAGR:
3.5%
Market Size in 2027:
US $ Bn.


 Segments Covered:
by Type
• Square Chisel or Hollow Chisel Mortiser
• Horizontal Mortiser or Slot Mortiser
• Chain Mortiser


by Application
• Construction
• Packaging
• Others



Mortiser Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Mortiser Market Key Players
• CHANG TYPE Industrial (Taiwan)
• Wadkin Woodworking Machines (U.K.)
• DMT Holdings (U.S.)
• China National Building Material Group (China)
• Felder Group (Austria)
• SCM Group (Italy)
• OAV Equipment and Tools (Taiwan)
• Rockler (U.S.)
• Yıyilmaz Makine (Turkey)
• Otto Martin Maschinenbau (Germany)
• Fulpow (Taiwan)
• Holzmann-maschinen (Austria)

Frequently Asked Questions:

1. What is the forecast period considered for the Mortiser market report?
Ans. The forecast period for the Mortiser market is 2022-2027.

2. What segments are covered in the Mortiser Market Report?
Ans. The segments covered under Mortiser Market are by Type, Application and Regions.

3. What is the compound annual growth rate (CAGR) of the Mortiser market for the forecast period?
Ans. 3.5%.

4. Which country is expected to hold the largest share in Mortiser market?
Ans. U.S.