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Woodworking Machines Market By Operating Principal (Mechanical ,Electrical) By Product Type (Thickness planer, Grinding machines, Chain/chisel mortise, Routers, Wood lathes, Others (saw, dr By Product Type (Shapers & Planers, Saws, Jointers, Routers, Grinders, Wood Lathes, and Drilling & Boring Machines), By Sales Channel (Online Retail and Retail Stores), By End-use Industry - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

How has Rising Demand for Robotic Manufacturing Units Fuelled the Growth of the Woodworking Machine Market?

The machinery used to process wood and execute numerous operations on raw wood materials in order to turn them into desired finished products is referred to as woodworking machinery. These devices are utilized in small-scale commercial production units that mostly produce wood goods. A major technological innovation in the woodworking machinery business is automatic woodworking machines. Increased preference for automated production units to increase productivity and overall efficiency may increase demand for woodworking machinery in the coming years. Automation has paved a unique path for technology in the woodworking industry. Consumer desires and demands are increasing daily, as evidenced by the fact that woodworking businesses have begun to use modern technologies to improve the accuracy and efficiency of manufacturing to create great end products that are highly appealing. Since the significant technical advancement, enterprises are employing robots for operations instead of manually running machines, which can boost safety and save time for an operator.

woodworking-machines-market

According to a German study, the record output of woodworking machinery goods produced $3.63 million in 2019, demonstrating the market's ability to deliver strong returns and revenues for producers. To meet expanding market demand, major companies in the woodworking machinery sector are focusing on developing technological solutions for woodworking machines. For instance, in March 2019, Vitap, an Italian producer of woodworking machines, employed cutting-edge technology to update the complete range of woodworking machines and create wholly new solutions for the quickly changing sector. Vitap's recent innovations aim to improve manufacturing processes in large and small firms.

What is the Market Size of Woodworking Machines in terms of value?

The global Woodworking Machines Market is projected to increase at a significant CAGR of 3.70 % in the coming years. In 2021, the global Woodworking Machines market was valued at USD 4391.4 million and projected to reach USD 5461.04 million by 2028. The demand for Woodworking Machines is projected to increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 1069.64 million during the forecast period of 2022 and 2028. 

What are the Various Types of Woodworking Machines?

The woodworking machines are of two types—stationary machines and non-stationary machines. The piece of wood must typically be moved by the user rather than the stationary equipment itself. The material is moved on the machine in the appropriate shape, and they are typically larger and heavier than other sorts of tools. Drill presses, table saws, and CNC routers are a few examples of stationary woodworking equipment. On the other hand, a non-stationary machine moves on a set piece of material instead of remaining motionless to produce the required result. The most popular hand-held woodworking tools are drills and saws.

Interesting Facts about Woodworking Machines Industry

  • Wooden furniture is becoming increasingly dependable in homes and offices, where it typically provides comfort, a peaceful feeling of nature, and powerful use in heavy-duty Operating Principals. The market for woodworking equipment is expected to experience significant growth in the near future due to expanding wooden aesthetic innovation, significant building development, and DIY trends.
  • North America region had a major share in volume and value in the global Woodworking Machines market in 2021 and is projected to dominate the market over the forecast period.
  • The most recent market trend is that manufacturers focus on implementing IoT in woodworking machines to connect to the internet and communicate with other internet-enabled equipment.
  • Increased R&D activities by leading players, improved machinery, and the technological advancement of current goods will likely generate new chances for worldwide market growth over the forecast period.

Who are the Top 10 Players/Companies in the Woodworking Machines market in term of value?

The key players in the global Woodworking Machines market in terms of value Paolino Bacci, Biesse Group, Michael Weinig AG, Dürr AG, SCM GROUP S.p.A., ROJEK Woodworking Machinery, HOMAG Group, Otto Martin Maschinenbau GmbH & Co. KG, Dura Wood Working Machinery Industry & Trade Company Ltd., Masterwood SpA, and Oliver Machinery Co.. These key players are concentrating on new product developments as well as technological innovation to enhance their production in Woodworking Machines to gain competitive market share at a global level. For instance, in 2019, Biesse Group, an Italian firm that supplies solutions for processing wood, glass, stone, innovative materials, and metal, automated its 5-axis heads, a woodworking device on its manufacturing line, to reduce travel time and improve machine precision. On the other hand, in May 2019, Dürr Group's woodworking machines and system division (HOMAG Group) introduced a new Package. It provides bundled service packages for small to medium-sized businesses (SMEs) specializing in one-shift operations.

Who are the Top 10 Countries in the Woodworking Machines Market?

The major countries in the global Woodworking Machines market are the US, Canada, China, New Zealand, Australia, Germany, France, Mexico, Finland, and UK. The largest market share is in the United States. The utilization of prefabricated wooden houses is becoming more popular in the market. Manufacturers worldwide focus on cross-laminated timber (CLI) to create wooden houses. It is becoming popular in the United States.

Furthermore, changing lifestyles and a strong demand for personalized wooden items are expected to boost market expansion. In addition, the United States is investing in improving infrastructure through housing, roadways, ports, bridges, and other public initiatives. As a result, construction growth is likely to be a huge boost for the woodworking machine market. The construction sector in the United States was valued at approximately 1.36 trillion US dollars by the end of 2020, with a further reduction projected in the coming year. In contrast, private construction spending in the United States increased in 2020, with some of the highest statistics ever recorded in the construction of both residential and non-residential buildings.

Which is the Key Product Type Segment in the Woodworking Machines Market?

The lathe segment is anticipated to have the largest market share. This is because modern NC lathe machines and working centers for wooden processing doors have planned the surfaces of the wood. However, the planer segment is expected to grow significantly over the forecast period due to the growing popularity of lightweight, high-efficiency planer machines. In addition, other categories, like saws, jointers, and sanders, are anticipated to experience consistent market expansion. Saw equipment, in particular, is predicted to experience a significant increase as a result of its use in shaping wooden objects. 

What are the Major Driving Factors for Woodworking Machines Market?

In homes and offices, where the furniture frequently offers comfort, a calming sense of nature, and powerful use in heavy-duty Operating Principals, it is evident that wooden furniture is becoming more dependable. Thanks to growing innovation in wooden aesthetics, substantial development in building, and DIY trends, the market for woodworking machines is anticipated to have significant expansion in the near future. Furthermore, the market for woodworking machines is anticipated to expand significantly as new businesses continue to favor stylishly designed hardwood furniture over plastic furniture, which can be unpleasant and lacks class.

What are the Major Restraints for Woodworking Machines Market?

The high initial cost of woodworking machines, as well as maintenance costs, is a major impediment to the worldwide woodworking machines market. Furthermore, a scarcity of skilled personnel is projected to limit the growth of the woodworking machines industry. In addition, woodworking machinery used in manufacturing might be dangerous if not handled appropriately. As a result, health and safety cannot be overlooked in manufacturing plants. Exposure to unprotected machinery, wood dust, noise, toxic finishes, and non-ergonomic handling severely influence workers' health, raising serious issues. This also limits market expansion.

Which Region Dominated the World Woodworking Machines Market?

In 2021, North America will dominate the Woodworking Machines market over the forecast period. This can be ascribed to a major increase in the use of the Internet of Things (IoT) in manufacturing units in the region's countries. The growing usage of automated woodworking machinery is likely to drive the growth of the woodworking machinery market in this region over the forecast period. Furthermore, the expansion in the number of commercial and residential structures and consumers' inclination for attractive buildings are fuelling the market's growth. The increased usage of timber in the construction sector and the use of cross-laminated timbers (CLTs) to create houses and commercial structures in the United States and Canada can also be credited to the expansion.

Moreover, increased investments by leading companies in woodworking machines will likely accelerate the target market's expansion over the next ten years. For instance, in May 2019, JPW Industries, a US-based manufacturer of metalworking and woodworking equipment, purchased Baileigh Industrial for an unknown sum. Baileigh Industrial is a firm established in the United States that creates industrial metalworking and woodworking machinery. JPW Industries' global product offering of high-quality metalworking and woodworking products has been expanded due to the acquisition.

The Asia Pacific is expected to grow significantly over the forecast period because of increased construction projects and increased utilization of modern machines in region countries. Furthermore, urbanization and industrialization in several developing countries are likely to drive demand for residential and commercial buildings. Increased expenditures in automation technologies by key firms, combined with a strong emphasis on modernizing/renovating infrastructure and decreasing total waste, are likely to fuel the target market's growth over the next 10 years. China is one of Asia Pacific's leading manufacturers of woodworking machinery. Manufacturers with robust manufacturing facilities and well-established export business in China include Gongyou Group Co., Ltd., Zhengzhou Leabon Machinery, and HOLYTEK INDUSTRIAL CORP. Furthermore, The strong positive growth observed in the furniture industry is projected to significantly impact the woodworking machines market. For instance, according to data issued by India's Central Statistics Office, the furniture business grew by 2.8 % in January and by 9.2 % in comparison to the previous month.

Segmentation of Global Woodworking Machines Market-

Global Woodworking Machines Market – By Operating Principal

  •     Mechanical
  •     Electrical

Global Woodworking Machines Market – By Product Type

  •     Thickness planer
  •     Grinding machines
  •     Chain/chisel mortise
  •     Routers
  •     Wood lathes
  •     Others (saw, drills, etc.)

Global Woodworking Machines Market – By End-Use

  •     Construction
  •     Furniture
  •     Marine
  •     Locomotive (Railway)

Global Woodworking Machines Market – By Sales Channel

  •     Online
  •     Offline i.e. retail stores

The global Woodworking Machines market is expected to be impacted significantly by COVID-19.

North America accounted for the highest share in the global Woodworking Machines market in terms of value.

Wooden furniture is becoming increasingly dependable in homes and offices, where it typically provides comfort, a peaceful feeling of nature, and powerful use in heavy-duty Operating Principals.

Wood lathe had a major share in 2021 with more than 30% of the market revenue share.

Furniture segment had a major share in 2021 with more than 40% of the market revenue share.

Woodworking Machines Market Scope

Report Attribute Details
Market Value in 2021 4391.4
Market Value in 2028 5461.04
CAGR 3.70 %
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jul 2022
Category:  Industrial Goods
Report ID:   59203
Report Format:   PDF
Pages:   190
Rating:    4.8 (70)
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