Woodworking Machinery Market Size, Share Analysis, Trends, Growth And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Woodworking Machinery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $43.52 billion In 2028 At A CAGR Of 8.1% :

The woodworking machinery market size has grown strongly in recent years. It will grow from $29.29 billion in 2023 to $31.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to construction and real estate boom, furniture manufacturing demand, wood processing industries, craftsmanship and artisanal woodwork, renovation and remodeling trends.

The woodworking machinery market size is expected to see strong growth in the next few years. It will grow to $43.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing global construction projects, evolving furniture designs, technological integration, green building practices, global economic recovery. Major trends in the forecast period include innovations in wood finishing technologies, digitalization of design and production processes, customization and personalization trends, integration of augmented reality (ar) for training and design, shift towards compact and space-efficient machines.

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Woodworking Machinery Market Major Segments
The woodworking machinery market covered in this report is segmented -
1) By Product Type: Thickness Planer, Grinding Machines, Chain Or Chisel Mortise, Routers, Wood Lathes, Other Product Types
2) By Operating Principal: Electrical, Mechanical
3) By Sales Channel: Online, Offline
4) By End-User: Furniture Industry, Construction Industry, Other End-Users

Key Driver - Rise Of Construction Industry Fuels The Woodworking Machinery Market Growth

The increasing expansion of construction industry is expected to propel the growth of woodworking machinery market going forward. The construction industry refers to a sector of the economy that encompasses the planning, designing, development, and construction of structures and infrastructure. Woodworking machinery is used in construction for precision shaping, cutting, and assembling of wood components, facilitating the production of doors, windows, furniture, and other architectural elements integral to building structures. For instance, in 2021, according to U.S. Census Bureau, the federal government's largest statistical agency, an estimated 1,595,100 housing units were started in 2021, that increased by 15.6% from 1,379,600 in 2020 in the US. Therefore, the increasing expansion of construction sector is driving the growth of woodworking machinery market.

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Prominent Trend - Advanced Cnc Machines Reshaping The Woodworking Machinery Market

Major companies operating in the woodworking machinery market are developing new products such as CNC machines to gain a competitive edge in the market. CNC (Computer Numerical Control) machines are automated manufacturing devices that utilize computerized systems to control and execute precise machining operations on various materials, such as metal, wood, plastic, and composites. For instance, in November 2022, Comeva, a Spain-based woodworking machinery company, launched NICRON 5X CNC machines, featuring high quality, performance, and a competitive price-quality ratio. Specifically designed for medium and large companies seeking enhanced productivity, the CNC NICRON 5X series includes models like CNC NICRON DOOR 5X for door machining, CNC NICRON NESTING 5X for cutting and machining boards, and CNC NICRON BARRAS 5X, a versatile machine with a 5-axis head and complete drilling capabilities. Manufactured and assembled in Spain, these machines offer precision and efficiency for various woodworking applications.

Woodworking Machinery Market Players
Major companies operating in the woodworking machinery market report are Dürr Systems GmbH & Co. KG, MSC Industrial Supply Co., Robland Corporation, Biesse Group S.p.A., SCM Group SPA, Michael Weinig AG, SawStop, IMA Schelling Group GmbH, Altendorf GmbH & Co. KG, Grizzly Industrial Inc., HOMAG Group AG, Linze Woodworking Machinery Co. Ltd., Gongyou Group Co. Ltd., JPW Industries Inc., Laguna Tools, Felder Group, Thermwood Corporation, Macrodyne Technologies Inc., Bishop-Wisecarver Inc., Delta Power Equipment Corporation, Cantek America, Hermance Machine Company, Oliver Machinery Co. Ltd., MiniMax S.r.l., Martin Woodworking Machines GmbH, JET Tools, Paolino Bacci S.p.A., Otto Martin Maschinenbau GmbH & Co. KG, Holytek Industrial Corp., Cheng Kuang Machinery Co. Ltd., Rilesa S.r.l., KTCC Woodworking Machinery Co. Ltd., Rojek Woodworking Machinery Inc., Vigano Mario S.r.l., Daltons Wadkin Ltd., Woodstock International Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the woodworking machinery market in 2023. North America was the second-largest market in the woodworking machinery market share. The regions covered in the woodworking machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Woodworking Machinery Market Report Structure
3. Woodworking Machinery Market Trends And Strategies
4. Woodworking Machinery Market - Macro Economic Scenario
5. Woodworking Machinery Market Size And Growth
…..
27. Woodworking Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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