According to FMI research, by volume, the milling bit segment is estimated to account for more than 40% during the forecast period (2022-2028), and the global CNC woodworking tools market is expected to surpass the US market value. 2.6 billion by the end of 2028.
In terms of wood type, medium density fiberboard (MDF) is expected to account for 1/3 of the total CNC woodworking tool sales by 2028. FMI estimates that Asia Pacific holds the largest market share, accounting for 47.3% of the total share of income. . in 2022
Key excerpt from CNC Woodworking Equipment Market Research
- The 1/2-inch milling bit segment is expected to show healthy year-over-year growth due to strong preference for DIY and industrial applications. In addition, the router segment holds a large share of the market based on heavy-duty CNC woodworking equipment. Outline, cut and cut, use with others.
- MDF (Medium Density Fibreboard) is expected to account for 1/3 of the global market by wood type as it is used to make furniture, cabinets and flooring. In addition, in musical instruments, MDF is used to make speakers because of its strength, smooth finish, processing and durability.
- Milling, drilling, profiling and cutting are the main areas of application of CNC woodworking tools. Cutting and grinding is considered the most profitable in the international market.
- Asia Pacific is expected to witness the highest CAGR in the global CNC woodworking tools market due to increasing demand from various end-use industries.
Market landscape: Highly fragmented
The global market for CNC woodworking tools is highly fragmented with a large number of national and international players. Also, while the major players are expected to own less than 15% of the shares, the rest is represented 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. During the investigation, players like Robert Bosch GmbH, Rockler Companies, Inc. and Vortex Tool Company Inc., have been identified as key players in the value chain of the CNC woodworking tools market.
Do you want to know more?
Future Market Insights has published a research report on the global CNC woodworking tools market, including an analysis of the global industry from 2013-2021. and assessment of opportunities for 2022-2028.9. The report provides an in-depth analysis of the CNC woodworking tools market across four distinct segments – tool type, wood species, function, and region. CNC Woodworking Equipment report covers macroeconomic factors, forecast factors and key success factors. The group also includes a list of global suppliers and distributors, as well as online product sellers.
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CNC woodworking equipment market by category
By type of vehicle:
- millers
- 1/2 inch
- 1/4 inch
- 3/8 inch
- 3/4 inch
- 5/8 inch
- 5/16 inch
- insert knives
- Less than 0.3 inches
- 0.3-0.4 inches
- 0.4-0.5 inches
- 0.5-0.6 inches
- More than 0.6 inches
- sculpting tools
- Drying
- single flute cutter
- hand switch
- cutting slits
By type of wood:
- Plywood
- Chipboard
- MDF (Medium Density Fibreboard)
- HDF (high density fiberboard)
- Massive tree
In practice:
- Grinding
- sad
- reduce
- make a profile
By regions
- North America
- South America
- Europe
- Asia-Pacific
- MEA (Middle East and Africa)
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