According to IMF research, in terms of volume, the milling cutter segment would account for more than 40% of the share during the forecast period (2022-2028), and the value of the global CNC tools market is expected to exceed 2 .6 dollars. billion by the end of 2028.
In terms of wood type, medium density fiberboard (MDF) is expected to account for 1/3 of total CNC woodworking machine sales by 2028. IMF estimates that the Asia-Pacific region will hold the dominant share of the market, with 47.3%. of total profit sharing in 2022
CNC carpentry tools are special devices and mechanisms with pre-programmed computer software that are used in carpentry workshops to increase productivity and increase the level of accuracy and quality of work.
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“CNC woodworking is expected to gain momentum worldwide over the coming decades, driven by the rapid development of the automation industry and increased attention to safety. CNC machines are very safe because they can perform all carpentry operations without human intervention or labor."
Key Findings of the CNC Woodworking Tools Market Research
- The 1/2" cutter segment is expected to show healthy annual growth rates owing to a strong preference for DIY and industrial applications. Moreover, the milling cutter segment also accounts for a significant share of the global machining tools market of CNC wood, partly due to its extensive use in profiling, cutting and positioning.
- Based on wood type, MDF (medium density fiberboard) is estimated to hold 1/3 of the global market share as it is used in furniture, cabinets and flooring. In addition, in musical equipment, MDF is used for enclosures due to its durability, smooth surface, ease of manufacture and strength.
- Milling, drilling, profiling and cutting are the main applications of CNC woodworking machines. Cutting and grinding is expected to be the most profitable segment in the global market.
- The Asia-Pacific region is expected to grow at a significant CAGR in the global CNC woodworking machinery market due to increasing demand from various end-use industries.
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Market landscape: highly fragmented
The global CNC woodworking market is highly fragmented due to the presence of numerous international and domestic players. Furthermore, featured players are expected to own less than 15% of the shares, with the rest held by local players. Moreover, China and Mexico are the two countries expected to change the landscape of the global CNC woodworking machinery market in the coming years. During the investigation, players such as Robert Bosch GmbH, Rockler Companies, Inc., and Vortex Tool Company Inc., among others, have been identified as key players in the CNC woodworking tools market across the value chain.
Want to know more?
Future Market Insights has published a research report on the global CNC woodworking machinery market, containing global industry analysis for 2013-2021 and opportunity assessment for 2022-2029. This report provides an in-depth analysis of the CNC woodworking machinery market in four distinct segments: tool type, wood type, operation, and region. The CNC Woodworking Machine report also covers macro factors, forecast 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 sellers.
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CNC Woodworking Machinery Market by Category
By vehicle type:
- router bits
- 1/2″
- 1/4″
- 3/8"
- 3/4"
- 5/8"
- 5/16"
- insert the knife
- Less than 0.3"
- 0.3-0.4″
- 0.4-0.5″
- 0.5-0.6"
- More than 0.6″
- carving tool
- shearing
- a flute strawberry
- joint cutter
- separated
By type of tree:
- Plywood
- particle board
- MDF (medium density fiberboard)
- HDF (high density fiberboard)
- timber
With surgery:
- Sharpening
- boring
- to ask again
- profile creation
By region
- North America
- South America
- Europe
- the Asia-Pacific region
- MEA (Middle East and Africa)
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