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Global Woodworking Machinery Market to Reach USD 5.82 Billion by 2027, Aided by the Growing Demand for the Wooden Furniture

Woodworking Machinery Market

Global Woodworking Machinery Market: By Product Type: Grinding Machines, Routers, Planers, Drills, Saws, Others; By Operating Type: Electrical, Mechanical; By End Use: Furniture Industry, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Woodworking Machinery Market Outlook

The global woodworking machinery market reached a value of about USD 4.64 billion in 2021. The industry is further expected to grow at a CAGR of about 3.87% in the forecast period of 2023-2028 to reach a value of around USD 5.82 billion by 2027.

 

North America and Asia Pacific to be Significant Regional Markets for Woodworking Machinery

North America is expected to be one of the dominant regions of the global woodworking machines industry, owing to the increasing automation of manufacturing units in this region. The growth can also be attributed to the growing utilisation of timber in the construction industry and the adoption of cross-laminated timbers (CLTs) to manufacture houses and commercial buildings across the United States and Canada.

 

Global Woodworking Machinery Market

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The Asia Pacific region, driven by China and India, is expected to be a lucrative revenue-generating market, given the region's growing building projects and increased usage of advanced machines. The growth is also attributed to the increasing population rate, consumer needs and consumption of forest products by end-users. In addition, Latin America and Europe are projected to witness significant growth during the forecast period. On the other hand, the Middle East and Africa are expected to witness moderate growth during the forecast period owing to the limited adoption of woodworking machines in this region.

 

Woodworking Machinery: Market Segmentation

Woodworking machinery is a machine tool that makes semi-finished wood processing products into wood products in wood processing technology. Furniture machinery is an important part of woodworking machinery. The manufacturers use the woodworking machine to eliminate the huge wastage of the wood, which indirectly increases the profitability margin.

 

Global Woodworking Machinery Market

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By product type, the market is divided into:

  • Grinding Machines
  • Routers
  • Planers
  • Drills
  • Saws
  • Others

Based on operating type, the market is categorised into:

  • Electrical
  • Mechanical

The end use of the market is categorised as follows:

  • Furniture Industry
  • Construction Industry
  • Others

The regional markets for the woodworking machinery industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Demand for the Engineered Wood and Wooden Furniture Augmenting the Market Growth

The woodworking market is growing significantly owing to the growing demand for engineered wood and wooden furniture. The growth in the number of commercial and residential buildings and the increase in the consumers' preference to have an attractive look to their buildings are fuelling the market's growth. The manufacturing units are mostly inclining towards automation, improving overall efficiency and productivity, which projects to escalate the development of the woodworking machines in the coming years. Customers have been replacing their old furniture to rehabilitate their homes or offices in recent years, which has become a trend. These machines are widely being adopted by both the developing and the developed countries for delivering high-quality products to the customers.

 

Global Woodworking Machinery Market

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The growth in the woodworking machinery market is primarily due to companies resuming operations and adjusting to the new normal as they recover from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges. Therefore, the woodworking machinery industry is being driven by technological advancements.

 

Key Industry Players in the Global Woodworking Machinery Market

The report gives a detailed analysis of the following key players in the global woodworking machinery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • KTCC Woodworking Machinery
  • Durr
  • Cantek America
  • Gongyou Group
  • SCM Group
  • Holytek Industrial Corporation
  • BiesseGroup
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Product Type, Operating Type, End Use, Region
Breakup by Product Type Grinding Machines, Routers, Planers, Drills, Saws, Others
Breakup by Operating Type Electrical, Mechanical
Breakup by End Use Furniture Industry, Construction Industry, Others 
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered KTCC Woodworking Machinery, Durr, Cantek America, Gongyou Group, SCM Group, Holytek Industrial Corporation, BiesseGroup, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Woodworking Machinery Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Woodworking Machinery Historical Market (2018-2022) 
    8.3    Global Woodworking Machinery Market Forecast (2023-2028)
    8.4    Global Woodworking Machinery Market by Product Type
        8.4.1    Grinding Machines
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Routers
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Planers
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Drills
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Saws
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Others 
    8.5    Global Woodworking Machinery Market by Operating Type
        8.5.1    Electrical
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Mechanical
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Woodworking Machinery Market by End Use
        8.6.1    Furniture Industry
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Construction Industry
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Others 
    8.7    Global Woodworking Machinery Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Woodworking Machinery Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Woodworking Machinery Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Woodworking Machinery Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Woodworking Machinery Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Woodworking Machinery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    KTCC Woodworking Machinery
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Durr
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Cantek America
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Gongyou Group
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    SCM Group
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Holytek Industrial Corporation
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    BiesseGroup
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Woodworking Machinery Market: Key Industry Highlights, 2018 and 2028
2.    Global Woodworking Machinery Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Woodworking Machinery Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Woodworking Machinery Historical Market: Breakup by Operating Type (USD Million), 2018-2022
5.    Global Woodworking Machinery Market Forecast: Breakup by Operating Type (USD Million), 2023-2028
6.    Global Woodworking Machinery Historical Market: Breakup by End Use (USD Million), 2018-2022
7.    Global Woodworking Machinery Market Forecast: Breakup by End Use (USD Million), 2023-2028
8.    Global Woodworking Machinery Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Woodworking Machinery Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Woodworking Machinery Market Structure

Key Questions Answered in the Report

What was the global woodworking machinery market size in 2021?

In 2021, the global woodworking machinery market attained a value of nearly USD 4.64 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3.87% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 5.82 billion by 2027.

What are the major industry drivers?

The major drivers of the market include the growing utilisation of timber in the construction industry, adoption of cross-laminated timbers (CLTs) to manufacture houses and commercial buildings, increasing population rate, consumption of forest products by end-users, increase in the consumers' preference, increasing inclination towards automation and technological advancements.

What are the key industry trends of the global woodworking machinery market?

The growing demand for engineered wood and wooden furniture and the growth in the number of commercial and residential buildings are the key industry trends propelling the growth of the market.

What are the major regional markets of woodworking machinery, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the product types in the market?

The product types in the market are grinding machines, routers, planers, drills, and saws, among others.

Based on operating type, what is the division in the market?

Based on operating type, the market is divided into electrical and mechanical.

What is the end use of the market?

The end use of the market is furniture industry and construction industry, among others.

Who are the key industry players, according to the report?

The major players in the industry are KTCC Woodworking Machinery, Durr, Cantek America, Gongyou Group, SCM Group, Holytek Industrial Corporation, and BiesseGroup, among others.

Analyst Review

The global woodworking machinery market attained a value of USD 4.64 billion in 2021, driven by the growing demand for engineered wood and wooden furniture. Aided by the growing utilisation of timber in the construction industry and the growth in the number of commercial and residential buildings, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.87%. The market is projected to reach USD 5.82 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The product types in the market are grinding machines, routers, planers, drills, and saws, among others. Based on operating type, the market is divided into electrical and mechanical. The end use of the market is furniture industry and construction industry, among others. The major regional markets for woodworking machinery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are KTCC Woodworking Machinery, Durr, Cantek America, Gongyou Group, SCM Group, Holytek Industrial Corporation, and BiesseGroup, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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