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Global Woodworking Machinery Market Size, Share, Forecast: By Product Type: Grinding Machines, Routers, Planers, Drills, Saws, Others; By Operating Type: Electrical, Mechanical; By End Use: Furniture Industry, Construction Industry, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Woodworking Machinery Market Outlook
The global woodworking machinery market reached a value of about USD 5.01 billion in 2023. The industry is further expected to grow at a CAGR of about 3.9% in the forecast period of 2024-2032 to reach a value of around USD 7.04 billion by 2032.
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.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Operating Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Woodworking Machinery Market Forecast (2024-2032)
8.4 Global Woodworking Machinery Market by Product Type
8.4.1 Grinding Machines
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Routers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Planers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Drills
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Saws
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Woodworking Machinery Market by Operating Type
8.5.1 Electrical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mechanical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Woodworking Machinery Market by End Use
8.6.1 Furniture Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Construction Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Woodworking Machinery Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Woodworking Machinery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Woodworking Machinery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Woodworking Machinery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Woodworking Machinery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Woodworking Machinery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Woodworking Machinery Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Woodworking Machinery Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Woodworking Machinery Historical Market: Breakup by Operating Type (USD Million), 2018-2023
5. Global Woodworking Machinery Market Forecast: Breakup by Operating Type (USD Million), 2024-2032
6. Global Woodworking Machinery Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Woodworking Machinery Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Woodworking Machinery Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Woodworking Machinery Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Woodworking Machinery Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Woodworking Machinery Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Woodworking Machinery Market Structure
Key Questions Answered in the Report
In 2023, the global woodworking machinery market attained a value of nearly USD 5.01 billion.
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.04 billion by 2032.
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.
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.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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 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 5.01 billion in 2023, 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 2024-2032, growing at a CAGR of 3.9%. The market is projected to reach USD 7.04 billion by 2032.
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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