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Rise Of Construction Industry Fuels The Woodworking Machinery Market Growth: The Driving Engine Behind Woodworking Machinery Market Evolution in 2025
Woodworking Machinery Market
What Will the Woodworking Machinery Industry Market Size Be by 2025?
In recent times, there has been a robust expansion in the size of the woodworking machinery market. The market, projected to escalate from $31.57 billion in 2024 to $34.22 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 8.4%. The historical growth surge can be ascribed to factors like a thriving construction and real estate sector, increasing demand for furniture manufacturing, growth of the wood processing industries, emphasis on craftsmanship and artisanal woodworking, as well as prevailing renovation and remodeling trends.
What's the Long-Term Growth Forecast for the Woodworking Machinery Market Size Through 2029?
Anticipations indicate a substantial expansion of the woodworking machinery market in the upcoming years. A surge to $45.84 billion is projected by 2029, reflecting a compound annual growth rate (CAGR) of 7.6%. The anticipated growth during the forecast period is due to increasing worldwide construction projects, advancement in furniture designs, incorporation of technology, adoption of green construction methods, and a rebounding global economy. The forecasted period is likely to witness trends such as cutting-edge improvements in wood finishing technologies, the digitization of design and manufacturing processes, trends in customization and individualization, the application of augmented reality (AR) in training and design, and a transition towards more compact, space-efficient machinery.
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What Are the Key Growth Drivers Fueling the Woodworking Machinery Market Expansion?
The growth of the woodworking machinery market is anticipated to be driven by the expanding construction industry. The construction sector encompasses economic activities related to the planning, design, development, and building of structures and infrastructure. Woodworking machinery plays an essential role in the construction process, as it aids in the accurate shaping, cutting, and assembling of wood pieces, which are then used to create doors, windows, furniture, and other key architectural elements. As per data collected by the United States Census Bureau in October 2023, privately owned housing units approved by building permits in February totaled 1,524,000, a figure adjusted on a yearly seasonal basis. When compared to the corrected rate of 1,339,000 from January, this number represents a 13.8% increase. As a result, the continuous growth of the construction sector is stimulating the advancement of the woodworking machinery market.
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What Are the Key Trends Driving Woodworking Machinery Market Growth?
Leading woodworking machinery market players are innovating by creating new products such as CNC machines to establish an advantage over competitors. CNC, or Computer Numerical Control machines, are automated manufacturing equipment that employs computerized systems to oversee and carry out exact machining processes on diverse materials including metal, wood, plastic, and composites. An example is the Spain-based woodworking machinery firm, Comeva, which introduced NICRON 5X CNC machines in November 2022. These machines are recognized for their superior quality, functionality, and competitive cost-performance ratio. Designed specifically for medium to large enterprises that aim to boost productivity, the CNC NICRON 5X series offers models such as CNC NICRON DOOR 5X for door machining, CNC NICRON NESTING 5X for cutting and machining panels, and CNC NICRON BARRAS 5X. This last model is a versatile 5-axis headed machine with full drilling capabilities. Manufactured and assembled in Spain, these machines provide precise and efficient solutions for numerous woodworking applications.
How Is the Woodworking Machinery Market Segmented?
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 Companies Are Leading the Charge in Woodworking Machinery Market Innovation?
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.
Which Regions Are Leading the Global Woodworking Machinery Market in Revenue?
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.
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