Press release
Woodworking Machinery Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Woodworking Machinery
How Large Will the Woodworking Machinery Market Size By 2025?
There has been a significant expansion in the woodworking machinery market in recent times. The market, which was valued at $31.74 billion in 2024, is projected to increase to $33.93 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors such as the surge in construction and real estate activities, increasing demand in furniture manufacturing, developments in wood processing industries, the artistry of woodwork, and trends in home renovation and remodeling contributed to the historical growth period.
How Big Is the Woodworking Machinery Market Size Expected to Grow by 2029?
In the coming years, the market for woodworking machinery is anticipated to witness robust growth. With an expected compound annual growth rate (CAGR) of 7.3%, the market may reach $44.95 billion by 2029. Factors contributing to this growth during the forecast period include an increase in global construction projects, the evolution of furniture designs, the integration of technology, environmentally friendly construction methods, and worldwide economic recovery. Key trends projected for the forecast period consist of advancements in wood finishing technologies, digital transformation of design and manufacturing process, emerging trends of customization and personalization, the use of augmented reality (AR) in training and design, and a shift towards smaller, more space-efficient machines.
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Which Key Market Drivers Powering Woodworking Machinery Market Expansion and Growth?
The woodworking machinery market is expected to grow as a result of the increasing expansion of the construction industry. The construction industry is a sector of the economy that involves planning, designing, development, and building of structures and infrastructure. Woodworking machinery, used to precisely shape, cut and assemble wood components, is vital to the production of doors, windows, furniture, and other key components of building structures. For example, in October 2023, the United States Census Bureau reported that the number of private housing units which had received building permits in February were 1,524,000 on a seasonally adjusted yearly basis. This number represents a 13.8% increase from January's revised rate of 1,339,000. Consequently, the growth of the construction industry is fuelling the expansion of the woodworking machinery market.
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Which Emerging Trends Are Transforming the Woodworking Machinery Market in 2025?
Leading firms in the woodworking machinery sector are incorporating advancements such as CNC machines into new products to gain leverage over their market competitors. CNC machines are automated tools utilized in manufacturing, using computerized systems to control and implement accurate machine operations on different materials like metal, wood, plastic, and composites. Take Comeva, a woodworking machinery company based in Spain, they released the NICRON 5X CNC machines in November 2022, known for their superior quality, operational performance, and competitive cost-quality proportion. These machines are tailored for mid-size and large firms seeking to boost their productivity. The CNC NICRON 5X lineup showcases models such as CNC NICRON DOOR 5X, used for door machining, CNC NICRON NESTING 5X for cutting and machining boards, and CNC NICRON BARRAS 5X, an adaptable machine boasting a 5-axis head and comprehensive drilling abilities. Fabricated and built in Spain, these machines provide accuracy and efficiency for various woodworking tasks.
What Are the Emerging Segments in the Woodworking Machinery Market?
The woodworking machinerymarket 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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Who Are the Global Leaders in the Woodworking Machinery Market?
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 are the Top Profitable Regional Markets for the Woodworking Machinery Industry?
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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