Woodworking Machine Market Size, Share, Growth Report 2030

Woodworking Machine Market

Woodworking Machine Market By Operating Principle (Electrical and Mechanical), By Product Type (Grinding Machines, Thickness Planer, Routers, Wood Lathes, Chain Or Chisel Mortise, and Others), By Sales Channel (Online and Offline), By End-User (Construction Industry, Furniture Industry, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Heavy Industry Report Format : PDF Pages: 218 Report Code: ZMR-2076 Published Date: Apr-2023 Status : Published

The global woodworking machine market size was worth around USD 4.61 Billion in 2022 and is predicted to grow to around USD 7.22 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.91% between 2023 and 2030.woodworking machine Industry share By Operating Principle, Product Type, Sales Channel, End-User, Region

Industry Prospective:

The global woodworking machine market size was worth around USD 4.61 Billion in 2022 and is predicted to grow to around USD 7.22 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.91% between 2023 and 2030. The report analyzes the global woodworking machine market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the woodworking machine market.

Global Woodworking Machine Market SizeRequest Free Sample

Woodworking Machine Market: Overview

The woodworking machine industry refers to the production and sale of various types of machinery and equipment used in woodworking. Some examples include planners, saws, routers, sanders, and other shaping or cutting tools. These machines are used extensively during the production or manufacturing of wood-related products like flooring and construction material along with cabinetry and furniture. The fraternity is run by both large-scale applications of woodworking machinery which is generally employed in industrial units and for smaller purposes, for instance, the ones used by hobbyists and small-scale furniture makers.

Factors like increasing demand for wood-based products and a rise in infrastructure and construction activities are some of the reasons why the industry is witnessing tremendous growth. It is an extremely competitive industry since it comprises many players from small to large-scale who consistently offer a range of products and services. During the forecast period, players can expect steady growth but may have to deal with waste management concerns.

Key Insights: 

  • As per the analysis shared by our research analyst, the global woodworking machine market is estimated to grow annually at a CAGR of around 5.91% over the forecast period (2023-2030)
  • In terms of revenue, the global woodworking machine market size was valued at around USD 4.61 billion in 2022 and is projected to reach USD 7.22 billion, by 2030.
  • The woodworking machine market is projected to grow at a significant rate due to the growing demand for the wood-based product
  • Based on sales channel segmentation, offline was predicted to show maximum market share in the year 2022
  • Based on operating principle segmentation, electrical was the leading principle in 2022
  • On the basis of region, Europe was the leading revenue generator in 2022

Global Woodworking Machine MarketRequest Free Sample

Woodworking Machine Market: Growth Drivers

Growing demand for wood-based products to act as growth propeller

The global woodworking machine market is projected to grow owing to the rising demand for wood products in the rapidly rising construction business. The end-consumers are shifting toward furniture, flooring, or construction materials that are produced using wood as opposed to plastic or fiber-made products. One major reason for the shift in trend to the growing awareness surrounding sustainable growth. Wood is a renewable source of energy and products derived from it do not have any significant impact on the environment, unlike plastic which is non-biodegradable and is a leading cause of environmental pollution.

If market players make use of wood with the responsibility to cater to the needs of the rising urban population, the process of producing goods from wood can be considered a more sustainable method of growth. Furthermore, wood products are known to have certain health benefits associated with them. They are known to improve air quality & reduce stress and hence many companies or homeowners prefer to have wood products in their work or residing places.

Woodworking Machine Market: Restraints

High initial cost to restrict the market growth

Woodworking machines require a high initial investment since they can be expensive. This aspect is most relevant to small-size players or hobbyists since it may be difficult for them to invest in a wide range of offerings from the woodworking machine industry. The main reasons why woodworking machines are expensive include the intense complexity associated with the working, for instance, most of these machines work with computer numerical control (CNC) and advanced sensors. It is essential to maintain the quality and durability of the product which further adds to the total cost of the products.

Woodworking Machine Market: Opportunities

Growing integration with advanced technologies to provide growth opportunities

The global industry players can expect higher growth owing to the rising interest and activities surrounding the integration of woodworking machines with advanced or industry 4.0 technologies like artificial intelligence (AI), the Internet of Things (IoT), and Machine Learning (ML). The amalgamation of these two segments can improve the overall performance of the devices and their robotics. This in turn may contribute to higher efficiency, accuracy, and productivity in the woodworking machine industry.

Woodworking Machine Market: Challenges

Economic uncertainty to challenge market growth

The global economy is currently gripped by an oncoming recession and the rising anxiety of future economic uncertainty may pose a major threat to the woodworking machine industry. Essentially owing to the high cost of investment, hobbyists may not be willing to spend on devices that they deem unnecessary. Furthermore, many construction and infrastructure projects may go on hold due to recession and economic slowdown. Market players need to stay prepared for the unpredictable future and subsequent survival of the company.

Woodworking Machine Market: Segmentation

The global woodworking machine market is segmented based on operating principle, product types, sales channel, end-user, and region.

Based on the operating principle, the global market segments are electrical and mechanical. In 2022, the industry registered the highest CAGR in the electrical segment since over the years, there has been growing use of electricity-powered devices as opposed to mechanical machines. This is mainly due to the better performance index of electrical devices. They offer greater precision, versatility, and speed as opposed to traditional machines. However, the latter type of machine is still a significant revenue generator, especially amongst smaller players or in units that deal with the production of traditional wood products like furniture and flooring. Electric jigsaws with smaller motors have a powerful strength of 4 to 7 amps.

Based on product type, the global woodworking machine market divisions are grinding machines, thickness planner, routers, wood lathes, chain or chisel mortise, and others.

Based on sales channel, online and offline are the two segments. The latter was the highest revenue-pulling segment in 2022 since traditionally the industry has heavily been influenced by the sale of these machines using offline channels and involves the roles of dealers, distributors, and direct business-to-consumer (B2C) modes. In recent times, the online sales channel has also grown tremendously due to exhaustive digital marketing tactics used by online sellers. However, offline sales channels such as trade shows, direct sales, or exhibitions are critical to the industry growth, particularly concerning high-value machines and specialized equipment. The Woodworking Machinery & Supply Expo (WMS) held biennially in Canada attracts more than 5000 to 7000 attendees every year.

Based on end-user, the global woodworking machine market divisions are construction industry, furniture industry, and others.

Recent Developments:

  • In April 2023, CNC Router Machine, a leading player in the industry, announced the launch of a new range of CNC Router machines that are designed to provide exceptional efficiency and precision for woodworkers across several industry types. The new machines utilize user-friendly interfaces and advanced technology to deliver the necessary outcome. They can be used in small or large-scale settings
  • In January 2023, NuernbergMesse India announced that it will hold a 4-day mega event called DELHIWOOD 2023 during which discussions over new trends and products will be held. The 2019 edition attracted more than 500 brands from 35 nations. The trade is regarded as a crucial platform to network while creating partnerships, and business opportunities

Woodworking Machine Market: Report Scope

Report Attributes Report Details
Report Name Woodworking Machine Market Research Report
Market Size in 2022 USD 4.61 Billion
Market Forecast in 2030 USD 7.22 Billion
Growth Rate CAGR of 5.91%
Number of Pages 218
Key Companies Covered Paolino Bacci s.r.l., Biesse Group S.p.A., Michael Weinig AG, Homag Group AG, Griggio S.r.l., Gannomat GmbH, SCM Group S.p.A., Robland NV., IMA Schelling Group, Holz-Her USA Inc., Martin Woodworking Machines Corp., Weinig Group, Busellato S.p.A., Altendorf GmbH, Powermatic, Felder Group, Casadei Busellato, Cantek America Inc., SawStop LLC, and Laguna Tools.
Segments Covered By Operating Principle, By Product Type, By Sales Channel, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Woodworking Machine Market: Regional Analysis

Europe to lead with the highest growth

The global woodworking machine market is projected to witness the highest growth in Europe during the forecast period mainly due to the presence of key industry players along with exponentially rising consumption of wood and derived products. For instance, the Food and Agriculture Organization (FAO) recently claimed that Europe's average wood consumption rate may grow by close to 104 % by the end of the decade.

In North America, the US is anticipated to emerge as the largest revenue creator owing to the growing demand for wood-based furniture in one of the fastest-growing sectors which is the construction industry. Furthermore, the increasing number of players who are regularly holding tradeshows and exhibitions inviting brands from across the globe has resulted in improved opportunities to network with other clients and create revenue-pulling business opportunities.

In Asia-Pacific, India, China, and Japan are the most dominant shareholders due to the growing requirement owing to rapid urbanization and growth in infrastructure development projects.

Woodworking Machine Market: Competitive Analysis

The global woodworking machine market is led by players like:

  • Paolino Bacci s.r.l.
  • Biesse Group S.p.A.
  • Michael Weinig AG
  • Homag Group AG
  • Griggio S.r.l.
  • Gannomat GmbH
  • SCM Group S.p.A.
  • Robland NV.
  • IMA Schelling Group
  • Holz-Her USA Inc.
  • Martin Woodworking Machines Corp.
  • Weinig Group
  • Busellato S.p.A.
  • Altendorf GmbH
  • Powermatic
  • Felder Group
  • Casadei Busellato
  • Cantek America Inc.
  • SawStop LLC
  • Laguna Tools.

The global woodworking machine market is segmented as follows:

By Operating Principle

  • Electrical
  • Mechanical

By Product Type

  • Grinding Machines
  • Thickness Planer
  • Routers
  • Wood Lathes
  • Chain Or Chisel Mortise
  • Others

By Sales Channel

  • Online
  • Offline

By End-User

  • Construction Industry
  • Furniture Industry
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The industry refers to the production and sale of various types of machinery and equipment used in woodworking.

The global woodworking machine market is projected to grow owing to the rising demand for wood products in the rapidly rising construction business.

According to study, the global woodworking machine market size was worth around USD 4.61 billion in 2022 and is predicted to grow to around USD 7.22 billion by 2030.

The CAGR value of the woodworking machine market is expected to be around 5.91% during 2023-2030.

The global woodworking machine market is projected to witness the highest growth in Europe during the forecast period mainly due to the presence of key industry players along with exponentially rising consumption of wood and derived products.

The global woodworking machine market is led by players like Paolino Bacci s.r.l., Biesse Group S.p.A., Michael Weinig AG, Homag Group AG, Griggio S.r.l., Gannomat GmbH, SCM Group S.p.A., Robland NV., IMA Schelling Group, Holz-Her USA Inc., Martin Woodworking Machines Corp., Weinig Group, Busellato S.p.A., Altendorf GmbH, Powermatic, Felder Group, Casadei Busellato, Cantek America Inc., SawStop LLC, and Laguna Tools.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed