Wood Router Market - Regional Analysis
APAC Market Insights
The wood router market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 37%. This growth will be noticed owing to the growing adoption of wooden furniture in this region. The export percentage of Chinese wooden furniture accounts for 98% of the entire industry. However, because of factors like Sino–U.S. trade friction, the wooden furniture industry is encountering an inauspicious trade environment. Though the number of anti-dumping cases in international trade has been limited, the percentage of anti-dumping cases against China has been rising. Hence, Asia Pacific remains the largest shareholder in the wood router market.
North American Market Insights
The wood router market in the North America region will also encounter huge growth during the forecast period and will hold the second position owing to the rising utilization of wood as flooring in residential buildings in this region. Hardwood flooring has been a prevalent choice for flooring in North America for a few centuries. Within the early 20th century, modern advances made hardwood flooring simpler to create and introduce, making it more reasonable and open. During this time, numerous modern homes were being built in North America, and hardwood flooring became the default choice for flooring. This drift proceeded through the mid-20th century and remains well-known nowadays thus giving North America a powerful position in the wood router market.
