Woodworking CNC Tools Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 20222028FMI

According to a study by FMI, the milling cutter segment is expected to retain a share of more than 40% by volume during the forecast period (2022-2028) and to dominate the global CNC tools market value. Wood processing is expected to exceed $2.6 billion by the end of 2028.

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In terms of wood species, Medium Density Fibreboard (MDF) is expected to account for 1/3 of total sales of CNC woodworking tools by 2028. The International Monetary Fund estimates that the Asia Pacific region will dominate the market share with 47.3% of sales. in 2022

CNC woodworking tools are pre-programmed software tools used in carpentry workshops to increase productivity and improve the accuracy and quality of work.

Globally, CNC woodworking tools are expected to gain prominence in the coming decades due to the rapid development of the automation industry and the increased focus on safety. CNC machines are very safe as they can perform any work on wood without human intervention or labour.”

Key Conclusions of the CNC Woodworking Tools Market Study

The router bit segment 1/2 is expected to show a healthy compound annual growth rate (CAGR) due to the high preference for manual and industrial applications. Additionally, the cutting segment holds a significant share of the global CNC woodworking tools market due in part to the extensive use of files, cutting edges and drilling.

By wood species, Medium Density Fibreboard (MDF) is expected to account for a third of the global market as it is used in furniture, cabinetry and flooring. Also in the field of stereo, MDF is used to create enclosures for loudspeakers due to its consistency, smooth surface, operability and strength.

Milling, drilling, profiling and cutting are the main applications of CNC woodworking tools. Cutting and milling is expected to be the most profitable segment in the global market.

The global CNC woodworking tools market in Asia Pacific is expected to advance at a significant CAGR owing to the increasing demand from various end-use industries.

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Market landscape: highly fragmented

The global market for CNC woodworking tools is highly fragmented due to the presence of many international and local players. In addition, the top players are expected to contribute less than 15%, the rest from local players. In addition, China and Mexico are two countries that are about to change the global market landscape for CNC woodworking tools in the coming years. During the research, Robert Bosch GmbH and Rockler Company, Inc. were identified. and Vortex Tool Company Inc. , among others, along the value chain as major players in the CNC Woodworking Tools market.

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Do you want to know more?

Future Market Insights has released a market research report on the global CNC Woodworking Tools market with global industry analysis for 2013-2021 and opportunity assessment for 2022-2029. The report provides a detailed analysis of the CNC Woodworking Tools market into four distinct segments: tool type, wood type, process, and region. CNC Woodworking Tools report covers macroeconomic factors, forecast factors, and key success factors. In addition, the group also includes a list of global suppliers and distributors, as well as online sellers of products.

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About Future Market Insight (FMI).

Future Market Insights (an ESOMAR-certified market research firm and member of the Greater New York Chamber of Commerce) provides detailed information on the factors driving market demand. It reveals the opportunities that will drive market growth over the next ten years in various segments based on source, application, distribution channel and end use.

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