According to the International Monetary Fund, the milling cutter segment will account for over 40% of the total market during the forecast period (2022-2028) and the total market value of CNC woodworking tools will exceed $2.60 billion by the end of 2028.
MDF is expected to account for a third of all CNC woodworking tool sales by 2028. The Asia-Pacific region will account for 47.3% of total income in 2022, according to the International Monetary Fund.
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Key Relationships for CNC Woodworking Tools Market Research
- The 1/2" cutter segment is expected to see a healthy annual growth rate due to a strong preference for domestic and industrial applications. In addition, the milling cutter segment also occupies a significant share in the global CNC woodworking tool industry due to its wide use. in profiling, cutting and shearing, among others.
- By type of wood, MDF (Medium Density Fibreboard) is expected to take 1/3 of the global market share as it is used in furniture, cabinetry and flooring. Also, in musical equipment, MDF is used for cabinets due to its durability, smooth surface, workmanship, and strength.
- Milling, drilling, profiling and cutting are the main applications for CNC woodworking tools. Cutting and grinding is expected to become 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 tools market driven by growing demand from various end-use industries.
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, it is expected that large players will own less than 15% of the shares, while the rest will be owned by local players. In addition, China and Mexico are two countries that are expected to change the landscape of the global CNC woodworking tool market in the coming years. During the study, players such as Robert Bosch GmbH and Rockler Companies, Inc. and Vortex Tool Company Inc. , among others, have been identified as major players in the CNC woodworking market along the entire value chain.
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Future Market Insights has published a research report on the global CNC woodworking tools market, which provides a global industry analysis for the period 2013-2021 and an assessment of opportunities for 2022-2028. The report provides an in-depth analysis of the CNC woodworking tools market in four different segments: tool type, wood type, function, and region. The CNC woodworking report also looks at macro factors, predictors and key success factors. In addition, the team also included a list of global suppliers and distributors, as well as a list of online product resellers.
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CNC Woodworking Machine Market by Segment
By vehicle type:
- router bit
- 1/2″
- 1/4″
- 3/8"
- 3/4 inch
- 5/8"
- 5/16"
- Enter the knives
- less than 0.3 inch
- 0.3-0.4″
- 0.4-0.5″
- 0.5-0.6 inch
- over 0.6″
- carving tools
- categorical
- One flute breaker
- joint cutter
- corrugated cut
By type of tree:
- plywood
- board
- MDF (medium density fibreboard)
- HDF (High Density Fibreboard)
- hardwood
By process:
- grinding
- boring
- cuts
- profiling
By region
- North America
- South America
- Europe
- Asian-Pacific area
- MEA (Middle East and Africa)
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