Press release
Global Woodworking Machinery Market to Reach $45.84 Billion by 2029, Growing at 7.6% CAGR
Woodworking Machinery
The growth of the woodworking machinery market is anticipated to be fueled by the escalating expansion of the construction industry. The construction sector comprises the economic activities that involve the blueprinting, designing, execution, and building of structures and infrastructures. The use of woodworking machinery, which allows for precise shaping, cutting, and assembling of wood components, is essential in construction. These machines make it possible to manufacture doors, windows, furniture, and other integral architectural elements in buildings. As per the data from the United States Census Bureau, a key agency in the federal statistical system, the number of privately owned housing units sanctioned by building permits in February was 1,524,000 on an annual, seasonally adjusted basis. This was a 13.8% increase from the revised January rate of 1,339,000. Hence, the surging expansion in the construction sector is propelling the woodworking machinery market's growth.
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What Is the projected market size and growth rate for the woodworking machinery market?
The size of the woodworking machinery market has seen significant expansion in the recent years. A projection for the market indicates growth from $31.57 billion in 2024 to $34.22 billion in 2025 with a compound annual growth rate (CAGR) of 8.4%. The historical growth can be accredited to factors such as the surge in construction and real estate, increased requirement from furniture manufacturing, wood processing industries, artisanal woodworking and craftsmanship, along with trends in renovation and remodeling.
The size of the woodworking machinery market is anticipated to experience substantial growth in the upcoming years, potentially reaching $45.84 billion by 2029 with a compound annual growth rate (CAGR) of 7.6%. The growth anticipated during this forecast period can mainly be attributed to an increase in global construction projects, advancements in furniture designs, the introduction of technology, the adoption of green building practices, and an overall global economic recovery. Other noteworthy trends expected to gain momentum during this period include advancements in wood finishing technologies, digitization in design and production processes, a surge in customization and personalization trends, the use of augmented reality (AR) for training and design purposes, and a shift towards smaller and more space-efficient machines.
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What new trends are reshaping the woodworking machinery market and its opportunities?
Leading entities in the woodworking machinery market are introducing innovative products such as CNC machines to attain a competitive advantage. CNC or Computer Numerical Control machines are automated manufacturing tools that leverage computerized systems to manage and carry out detailed machining functions on a myriad of materials, encompassing metal, wood, plastic, and composites. For instance, in November 2022, Comeva, a company based in Spain that specializes in woodworking machinery, introduced their NICRON 5X CNC machines, which are notable for their superior quality, performance, and cost-effective price-quality ratio. Intentionally designed with medium and large businesses in mind, the CNC NICRON 5X series offers models encompassing CNC NICRON DOOR 5X for door machining, CNC NICRON NESTING 5X for cutting and controlling boards, as well as CNC NICRON BARRAS 5X, a multipurpose machine with a 5-axis head and comprehensive drilling capabilities. These machines, which are both manufactured and assembled in Spain, provide precision and efficiency in a range of woodworking tasks.
What major market segments define the scope and growth of the woodworking machinery market?
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
Subsegments:
1) By Thickness Planer: Portable Thickness Planers, Stationary Thickness Planers
2) By Grinding Machines: Surface Grinders, Cylindrical Grinders, Tool And Cutter Grinders
3) By Chain Or Chisel Mortise: Chain Mortisers, Chisel Mortisers
4) By Routers: Fixed Base Routers, Plunge Routers, Router Tables
5) By Wood Lathes: Mini Wood Lathes, Midi Wood Lathes, Full-Size Wood Lathes
6) By Other Product Types: Saws, Sanding Machines, Dovetail Machines, Jointers
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Which region dominates the woodworking machinery market?
Asia-Pacific was the largest region in the woodworking machinery market in 2024. 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.
Which key market leaders are driving the woodworking machinery industry growth?
Major companies operating in the woodworking machinery market include 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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What Is Covered In The Woodworking Machinery Global Market Report?
•Market Size Forecast: Examine the woodworking machinery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the woodworking machinery market for a structured understanding.
•Key Players Overview: Analyze major players in the woodworking machinery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the woodworking machinery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the woodworking machinery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the woodworking machinery market.
•Industry Challenges: Identify potential risks and obstacles affecting the woodworking machinery market.
•Competitive Landscape: Review strategic developments in the woodworking machinery market, including expansions, agreements, and new product launches.
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