China is expected to take the lion's share of the East Asia CNC tooling market. Asia Pacific revenue is projected to account for nearly 47.3% of the global CNC woodworking tools market by 2022.
The rapid expansion of the commercial sector and the growth of establishments of luxury hotels, restaurants, guest houses and corporate offices increased the demand for wood, carvings, wood tables and other wood parts in the country. The growing adoption of high-precision tools in the woodworking industry, driven by increasing demand for luxury furniture, is expected to create growth opportunities for market players in Germany.
According to a study by IMF, the milling cutter segment is expected to account for more than 40% in terms of volume during the forecast period (2022-2028), and the global CNC woodworking tools market value is expected to exceed 2 , US$ 6 billion by the end of 2028.
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In terms of wood species, medium density fiberboard (MDF) is projected to account for 1/3 of total CNC carpentry tool sales by 2028. The IMF predicts that Asia-Pacific will hold the dominant market share of 47.3%. of the total profit sharing in 2022.
CNC woodworking tools are computer software that is pre-programmed for tools and machines used in carpentry shops to increase productivity and improve accuracy and quality of work.
"CNC carpentry tools are expected to grow in importance globally over the next few decades, driven by rapid developments in automation and increased attention to safety. CNC machines are highly secure in that they can do all the machining of wood. There is no human interaction or work required.
Key Findings of CNC Carpentry Tools Market Research
- The 1/2 inch cutter segment is expected to show a good CAGR due to strong preference for DIY and industrial applications. In addition, the cutting segment also has a major share in the global CNC woodworking tools market, due in part to their widespread use in profiling, cutting and groovening.
- According to wood species, MDF (Medium Density Fibreboard) is expected to account for 1/3 of the global market share as it is used in the manufacture of furniture, furnishings and flooring. In addition, MDF is used in musical instruments to make cases because of its durability, smooth surface, workability 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 of the global market.
- Asia-Pacific is expected to grow at a significant CAGR in the global CNC tooling market due to increasing demand from various end-use industries.
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Market landscape: highly fragmented
The global CNC woodworking tools market is highly fragmented due to the presence of many national and international players. In addition, major players must own less than 15% of the shares, the rest is filled by local players. In addition, China and Mexico are the two countries that are expected to change the landscape of the global CNC woodworking tools market in the coming years. During the study, players such as Robert Bosch GmbH, Rockler Companies, Inc., and Vortex Tool Company Inc., among others, were identified as leading players in the CNC woodworking tools market along the value chain.
Want to know more?
Future Insights has released a market research report on the global CNC Joinery Tools Market which includes Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2029. This report provides an in-depth analysis of the CNC Carpentry Tools market across four distinct segments: Tool Type, Wood Type, Function and Region. The CNC Carpentry Tools report also covers macroeconomic factors, forecasting factors, and key success factors. Apart from that, the team also included a list of global suppliers and distributors as well as a list of online product sellers.
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CNC Woodworking Tools Market by Category
By type of vehicle:
- router bits
- 1/2″
- 1/4"
- 3/8"
- 3/4"
- 5/8"
- 5/16"
- insert knife
- less than 0.3"
- 0.3-0.4″
- 0.4-0.5″
- 0.5-0.6"
- More than 0.6"
- carving tool
- shaving
- the strawberry on the flute
- wire cutters
- grooved pieces
Depending on the type of wood:
- plywood
- chipboard
- MDF (Medium Density Fiberboard)
- HDF (High Density Fiberboard)
- cover with wood
After operation:
- REFLECT
- drill
- I'm waiting for you
- profiling
By region
- North America
- South America
- Europe
- Asia Pacific
- MEA (Middle East and Africa)
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