According to IMF Research, in terms of volume, the milling bit segment is expected to account for more than 40% over the entire forecast period (2022-2028), and the global CNC woodworking tools market is expected to exceed USD 2.6 billion. until the end of 2028.
In terms of wood type, medium density fiberboard is expected to account for 1/3 of all CNC woodworking equipment sales by 2028. According to IMF estimates, the Asia-Pacific region has the largest market share of 47.3%. of the total turnover in 2022.
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Key Findings of CNC Woodworking Equipment Market Research
- The 1/2-inch milling bit segment is expected to witness a healthy year-on-year growth due to its high preference for manual and industrial applications. In addition, the cutting segment also accounts for a significant share of the global CNC woodworking equipment market with a wide range of applications such as profiling, sawing, sawing, etc.
- By type of wood, MDF (medium density fiberboard) is expected to account for one third of the global market, as it is used to make furniture, cabinets and flooring. Also, in musical instruments, MDF is used to make cases because of its consistency, smooth finish, ease of use and durability.
- Milling, drilling, profiling and cutting are the main areas of application of CNC woodworking tools. Cutting and grinding are the most profitable in the world market.
- The global Asia Pacific CNC woodworking tools market is expected to witness a high CAGR due to increasing demand from various end-use industries.
Market landscape: Highly fragmented
The global CNC woodworking equipment market is highly segmented due to the presence of numerous international and domestic players. In addition, the major players are expected to hold less than 15% of the shares, with the remainder held by domestic players. Moreover, China and Mexico are expected to change the landscape of the global CNC woodworking tools market in the coming years. Robert Bosch GmbH and Rockler Companies, Inc. players like have been identified in the research process. and Vortex Tool Company Inc. As a major player in the CNC woodworking tools market.
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CNC Woodworking Equipment Market by Category
By device type:
- the router
- 1/2 inch
- 1/4 inch
- 3/8 inch
- 3/4 inch
- 5/8"
- 5/16 inch
- Insert the knives
- Less than 0.3 inches
- 0.3-0.4 inches
- 0.4-0.5 inches
- 0.5 - 0.6 inches
- More than 0.6 inches
- carving tools
- Strawberries
- Single Flute Strawberries
- finger joint cutters
- harvested crop
woody essence
- plywood
- a table
- MDF (medium density fiberboard)
- HDF (high density fiberboard)
- bundle of wood
In the process:
- the severity
- drilling
- cut off
- Create a profile
in the region
- North America
- south america
- Europe
- Asia-Pacific region
- MEA (Middle East and Africa)
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Want to know more?
Future Market Insights has published a market research report on the global CNC woodworking tools market, providing an analysis of the global industry from 2013-2021. and evaluation of options for 2022-20289. The report provides an in-depth analysis of the CNC woodworking tools market across four distinct segments: tool type, wood type, finish, and region. CNC Woodworking Tools report covers macroeconomic factors, forecast factors and major success factors. The group also includes a list of global suppliers and distributors, as well as online product sellers.
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