The global laminated turning blanks industry has been experiencing significant growth, propelled by technological advancements and an upsurge in industrial manufacturing capabilities.
Laminated turning blanks, primarily derived from wood, have revolutionized the furniture and religious artifacts industries with their superior properties and versatility.
They are extensively used in the production of a wide range of items, from everyday furniture to intricate religious artifacts.
The religious sector, in particular, has emerged as a significant consumer of laminated turning blanks.
The intricate craftsmanship and durability of these blanks make them ideal for creating detailed and long-lasting religious items, such as crucifixes, rosary beads, and decorative crosses.
Furthermore, the furniture industry benefits greatly from the use of laminated turning blanks.
The ability to shape and stain them to desired finishes makes them a preferred choice for manufacturing high-quality, customized furniture pieces that are both aesthetically pleasing and robust.
According to the “Wooden Furniture Global Market Report 2023”,the global wooden furniture market is expected to grow from $99.19 billion in 2022 to $105.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%.
This growth is anticipated to continue, reaching $133.86 billion in 2027 at a CAGR of 6.0%.
The report highlights that the Asia-Pacific region was the largest market for wooden furniture in 2022.
The main products in this market include chairs, tables, cabinets, and other wooden furnishings.
The various wood types used for these products include mango wood, Sheesham wood, rubber wood, and others, which are often used for lamination, plywood, medium-density fiberboard (MDF), and other applications.
The report also emphasizes the importance of product innovation as a key trend in the wooden furniture market, with major companies focusing on developing new products to sustain their market position.
For instance, in December 2022, Fancyarn, a US-based manufacturer of furniture, launched 100% eco-friendly oak tables and benches.
Additionally, Ethan Allen Global Inc., another US-based high-quality furniture manufacturer, acquired Dimension Wood Products Inc. in February 2022 to strengthen its control over raw material costs and maintain its high standards.
Companies operating in the laminated turning blank market are focusing on technological innovation to improve product quality and reduce production costs.
This has led to the development of novel techniques, enhancing the production process and the appeal of the final product.
