As the woodworking equipment market is characterized by automation and precision, CNC machines and laser guidance systems increase production efficiency and quality.
WILMINGTON, Delaware, United States, October 27, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc predicts that the woodworking equipment market will reach $5.0 billion by 2022. The average annual growth rate is expected to be 4.7% between 2023 and 2031; By 2031, the market is expected to reach $7.5 billion.
The integration of digital technology into woodworking machines is changing the industry. Numerically controlled (CNC) machines already exist, but their use in complex woodworking like 3D engraving and inlaying is growing. This allows for fine tuning and intricate detailing, expanding opportunities for artisans and niche markets.
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As sustainability becomes more important, there is a growing niche for eco-friendly woodworking machines. These machines use energy-efficient components, produce less waste and use environmentally friendly materials. Carpenters and builders looking to meet the demands of environmentally conscious consumers can take advantage of this eco-friendly trend.
The growth of the arts and crafts market has created opportunities for smaller, more specialized woodworking machines. They cater to hobbyists, boutique builders and custom furniture designers, allowing them to create unique, personalized pieces.
The international market for carpentry equipment is expanding, particularly in developing countries. With the growth of the construction and forestry industries in regions such as Asia and South America, there is an increasing demand for modern and efficient equipment.
Refurbishing and reselling used woodworking equipment opens up opportunities for businesses that specialize in refurbishing and upgrading old equipment, making it more affordable for small businesses or businesses with limited budgets.
Key Findings of the Market Report
Saws dominate the woodworking equipment market, serving a wide range of cutting and shaping needs in woodworking.
Electric type woodworking equipment dominates the market due to the automation and precision of the modern woodworking process.
Metal, especially aluminum, dominates the woodworking equipment market due to its durability and precision in manufacturing various wood products.
Carpentry Equipment Market Trends
Woodworking machines increasingly offer automation and integration, optimizing production processes and increasing efficiency.
Market trends are focused on high precision and customization to meet the demand for unique and personalized wooden products.
Woodworking machine manufacturers pay special attention to safety features and ergonomic design to reduce the risk of accidents and increase user comfort.
Due to growing health and environmental concerns, modern dust collection systems are gaining popularity, providing a clean and safe working environment.
Innovations in tool technology, such as cutting tools and special accessories, increase the productivity and versatility of woodworking machines.
The global carpentry equipment market: regional outlook
In North America, robust residential construction and a thriving forestry industry are driving steady market growth.
Europe emphasizes precise, environmentally friendly equipment that meets strict environmental regulations and high standards of craftsmanship.
The Asia Pacific region is witnessing rapid market expansion, mainly due to the rapid development of the construction and furniture manufacturing sectors. The region's economic growth, infrastructure development and interest in custom wood products are increasing its importance.
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Global Carpentry Equipment Market: Key Players
The competitive environment in the global woodworking equipment market is developing with surprising dynamics. Established players such as Homag, SCM Group and Biesse Group maintain their dominant position by leveraging their extensive experience and innovative product portfolio. Niche manufacturers specializing in high-precision custom machine tools are carving out a niche by targeting the craft and custom woodworking markets.
New automation and robotics technologies are changing the landscape, enabling new market entrants to disrupt traditional market norms. As more attention is paid to sustainability, eco-friendly wood solutions are also gaining ground, further diversifying the competitive arena and providing a full range of choices for consumers. Well-known players in the global woodworking equipment market include the following companies:
Product Purpose
The Biesse Group offers a wide range of woodworking equipment products, including CNC pantographs, interface machines and grinding solutions, designed for woodworking professionals and industry around the world.
The Homag Group specializes in the full range of woodworking machinery, from panel processing to furniture production systems, offering innovative solutions to manufacturers and craftsmen.
IMA Schelling Group GmbH specializes in high-precision panel saws, CNC machining centers and automated material handling systems, providing the woodworking industry with cutting-edge solutions.
Global Carpentry Equipment Market Segmentation
Type of product
Type of operation
material
end use
distribution system
region
North America
Europe
Asia-Pacific region
Middle East and Africa
South America
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