woodworking equipment market Size Share Worth USD 7.56 Billion 2032 | Emergen Research

The global woodworking equipment market size was USD 4.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.0% during the forecast period. The global woodworking equipment market is experiencing significant growth, attributed to the increasing adoption of precise engineering techniques and a rising awareness of environmental issues within the woodworking industry. A recent market research report highlights key factors propelling this growth, along with emerging trends and segment insights shaping the industry landscape.

Precision engineering, facilitated by techniques such as Computer Numerical Control (CNC) machining and automation, is revolutionizing woodworking operations. These advancements enable woodworking equipment to perform tasks with exceptional accuracy and repeatability, resulting in reduced material wastage and minimized errors in final products. As a consequence, woodworking businesses can streamline their operations, achieve higher output, and meet production schedules more effectively.

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Furthermore, the market is witnessing a surge in sustainable practices within the woodworking industry. With environmental concerns like deforestation and pollution gaining prominence, both consumers and businesses are actively seeking eco-friendly solutions. This shift has compelled woodworking companies to invest in equipment that aligns with sustainable principles, aiming to reduce environmental impacts across the timber production process.

However, the increasing popularity of power tools poses a challenge to market growth. Woodworkers are increasingly relying on versatile power tools for their projects, potentially reducing demand for traditional woodworking equipment.

One notable trend in the market is the rising need to address labor shortages and adapt to the demands of modern manufacturing. Automation, particularly robotic woodwork equipment, is gaining prominence for enhancing productivity and maintaining quality standards in woodworking manufacturing settings.

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Segment insights from the report reveal the dominance of the planers segment in the woodworking equipment market. Planers contribute to efficient stock preparation, ensuring uniform thickness and smooth surfaces while prioritizing safety features. Additionally, the furniture segment is expected to account for a significantly large revenue share during the forecast period, driven by advanced woodworking machines that enhance precision, efficiency, and product quality.

In terms of operation type, the powered segment is expected to register the fastest revenue growth rate, emphasizing safety and compliance in woodworking operations. However, the manual segment continues to hold the largest market share, aligning with stringent safety standards outlined in approved codes of practice and guidance.

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Major Companies and Competitive Landscape

The global woodworking equipment market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and introducing more efficient woodworking equipment solutions in the market.

Some major players included in the global woodworking equipment market report are:
• Altendorf GmbH
• Biesse Group
• Bourn & Koch Inc.
• Cantek America
• Casolin G. & C. Inc.
• Felder Group
• Hans Weber Maschinenfabrik GmbH
• Holytek Industrial Corporation
• HOMAG Group
• HOUFEK a.s.
• IMA Schelling Group GmbH
• KTCC Woodworking Machinery
• Makita Corporation
• Masterwood SpA
• Michael Weinig AG
• PILANA Tools
• Rojek Woodworking Machinery Inc.
• SCM Group
• Shopsmith
• Timesavers Inc.

Strategic Development
• On 4 April, 2023, CNC Router Machine introduced its latest series of CNC router machines for precision woodworking. These cutting-edge machines, equipped with advanced technology and user-friendly interfaces, cater to woodworkers across various industries. The new series has high-speed spindles and servo motors, ensuring fast and accurate cutting, routing, and engraving of wood, plastic, and other materials. CEO John expressed confidence in meeting woodworkers' needs, emphasizing the machines' durability and safety features. Available for purchase, CNC Router Machine's new series aims to elevate woodworking craftsmanship with a focus on precision, efficiency, and user safety.

• On 29 July, 2022, SCM unveiled Autostore, its new automatic warehouse for spare parts, operating since January 2022 in Fonderia, Italy. The warehouse covers 900m2, with 13 storage levels, housing 24,000 modular boxes capable of holding 30kg of pieces each. SCM reports that Autostore facilitates a 75% acceleration in pick-up operations and a 30% reduction in dispatch times, handling around 300 shipments daily. The energy-efficient system utilizes 19 robots with low energy consumption, achieving optimal logistics management for spare parts in the woodworking sector. The Autostore enhances efficiency and quality in servicing spare parts for wood technologies.

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For the purpose of this report, Emergen Research has segmented the global woodworking equipment market on the basis of type, application, deployment, enterprise size, component, vertical, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Grinding Machines
o Routers
o Planers
o Drills
o Saws
o Others

• Operation Type Outlook (Revenue, USD Billion; 2019-2032)
o Manual
o Powered

• Material Outlook (Revenue, USD Billion; 2019-2032)
o Aluminium
o Metal
o Plastic
o Others (Copper, Iron, etc.)

• End-use Outlook (Revenue, USD Billion; 2019-2032)
o Furniture
o Construction
o Marine
o Automotive
o Others (Locomotive, Industrial Manufacturing, etc.)

• Distribution Outlook (Revenue, USD Billion; 2019-2032)
o Direct
o Indirect

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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