During the construction period, Germany is expected to become a profitable European market for CNC woodworking equipment. According to the IMF, the European market is expected to exceed 24.5% of the total market by 2022.
Adoption of high-precision equipment in the woodworking sector, increasing demand for luxury furniture is expected to create growth opportunities for players in the German market.
According to IMF research, in terms of volume, the router bit segment is expected to account for more than 40% of the forecast share (2022-2028) and the global CNC woodworking equipment market is expected to be worth more than $2.6 billion. End of 2028.
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In terms of wood type, medium density fiberboard (MDF) is expected to account for 1/3 of all wood CNC equipment sales by 2028. According to IMF estimates, Asia-Pacific accounts for 47.3% of the market share. Total turnover by 2022.
CNC woodworking machines are specialized tools and machines equipped with pre-programmed computer software in woodworking shops to increase productivity, improve accuracy and quality of work.
"Globally, CNC woodworking tools are expected to experience a healthy boom in the coming decades as a result of the rapid development of the automation industry and increased attention to safety. CNC machines are very reliable because they perform all operations on wood without the need for human interaction or labor. .
Key concepts for CNC Woodworking Equipment market research
- The 1/2-inch router bit segment is expected to show healthy annual growth due to its strong preference for DIY and industrial applications. In addition, the cutting part has a large share in the global CNC woodworking tools market, profiling, cutting and cutting, etc. is widely used for
- As a type of wood, MDF (medium density fiberboard) can account for 1/3 of the global market as it is used in furniture, cabinets and flooring. In addition, in musical instruments, MDF is used for making cases due to its consistency, smooth surface, machinability and durability.
- Milling, drilling, profiling and cutting are the main applications of CNC tools. Cutting and grinding is considered the most profitable in the world market.
- The Asia-Pacific region is expected to witness the highest CAGR in the global CNC woodworking tools market due to increasing demand from various end-use industries.
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Market landscape: Very fragmented
The global CNC woodworking equipment market is highly fragmented with many international and domestic players. Also, the top players are expected to own less than 15% of the shares, with the rest being owned by local players. In addition, China and Mexico are two countries that will change the landscape of the global CNC woodworking equipment market in the coming years. During the investigation, Robert Bosch GmbH, Rockler Company, Inc. and Vortex Tool Company Inc. Along the value chain, these players have been identified as key players in the CNC woodworking tools market.
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Future Market Insights has published a market research report on the Global CNC Woodworking Tools Market, which includes a global industry analysis for the period 2013-2021 and an opportunity assessment for the period 2022-2029. The report provides an in-depth analysis of the woodworking CNC tools market in four distinct segments: tool type, wood type, operation, and region. CNC Woodworking Equipment report covers macroeconomic conditions, forecast factors and key success factors. The group also includes a list of global suppliers and distributors and online product sellers.
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