According to IMF research, in terms of volume, the milling cutter sector is expected to account for more than 40% during the forecast period (2022-2028), and the global CNC woodworking tools market value is expected to exceed 2.6 billion US dollars by the end of 2028.
In terms of wood species, medium-density fiberboard (MDF) is expected to account for one-third of all CNC woodworking tool sales by 2028. The IMF predicts that the Asia-Pacific region will retain the dominant market share, accounting for 47.3% of the total distribution income. in 2022.
CNC woodworking tools are equipment and machinery designed with pre-programmed computer software used in woodworking shops to increase productivity and improve accuracy and quality of work.
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“CNC woodworking tools are expected to become popular all over the world in the coming decades due to the rapid development of automation and increased concern for safety. CNC machines are very safe because they can perform all woodworking operations without human intervention or human effort.
Key points from the study of the CNC Tools for Woodworking market
- The 1/2 mill segment is expected to show a good annual growth rate due to strong preference for manual and industrial applications. In addition, the router segment also accounts for a significant share of the global CNC woodworking tools market due to its extensive use in profiling, cutting, and grooving, among others.
- According to the type of wood, MDF (Medium Density Fibreboard) is expected to account for a third of the global market as it is used in furniture, cabinets and flooring. Additionally, in musical equipment, MDF is used in enclosures because of its texture, smooth finish, ease of fabrication, and strength.
- Milling, drilling, profiling and cutting are the main application areas for CNC woodworking tools. Cutting and grinding is expected to be the most profitable segment in the global market.
- Asia Pacific is expected to grow at a significant CAGR in the global CNC Woodworking Tools market owing to growing demand from various end-user industries.
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Market landscape: highly fragmented
The global woodworking CNC tools market is highly fragmented as there are many international and local players. In addition, the big players must own less than 15% of the shares, and the rest is held by local players. In addition, China and Mexico are expected to change the landscape of the global CNC woodworking tools market in the coming years. At the courses of l'étude, of the actors tels que Robert Bosch GmbH, Rockler Companies, Inc. et Vortex Tool Company Inc., between autres, ont été identifiés comme des acteurs clés sur le marché des outils de travail du bois CNC à travers la value chain.
Want to know more?
Future Insights has published a research report on the Global CNC Woodworking Tools Market, which provides analysis of the global industry from 2013-2021 and opportunity assessment for 2022-2029. This report provides an in-depth analysis of the CNC Woodworking Tools market into four distinct segments: tool type, wood type, operations, and region. The Woodworking CNC Tools report also covers macroeconomic factors, predictive factors, and key success factors. In addition, the team has also included a list of global suppliers and distributors, as well as a list of online product resellers.
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CNC Tools Market by Category
By tool type:
- suckers
- 1/2″
- 1/4 in
- 3/8″
- 3/4 in
- 5/8"
- 5/16
- Insert the knife
- less than 0.3 inch
- 0.3-0.4 in
- 0.4-0.5 in
- 0.5-0.6 in
- more than 0.6 in
- engraving tool
- cutter
- Single groove cutter
- Combined milling cutter
- cutting position
By type of wood:
- plywood
- Particleboard
- MDF (Medium Density Fibreboard)
- HDF (high density fibreboard)
- solid wood
With surgery:
- grinding
- drilling
- Cuts
- Create a profile
By regions
- North Amarica
- South america
- Europe
- Asia Pacific region
- MEA (Middle East and Africa)
who are we:
Future Market Insights (ESOMAR accredited market research organization and member of the Greater New York Chamber of Commerce) provides insight into the factors driving market demand growth. It identifies the opportunities that will drive market growth in various sectors by sources, applications, sales channels and end use over the next six years.
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