Increasing use of precision techniques and growing awareness of environmental issues are the major drivers of revenue growth in the woodworking equipment market.
VANCOUVER, January. 11, 2024 (GLOBE NEWSWIRE) -- The global woodworking equipment market was valued at USD 4.70 billion in 2022 and is expected to grow at a CAGR of 5.0% during the forecast period. Growing adoption of precision engineering and growing awareness of environmental issues are key drivers of revenue growth in the market.
Growing adoption of sustainable practices in the wood products industry is another factor contributing to market revenue growth. As environmental issues such as deforestation, greenhouse gas emissions, pollution and waste generation become increasingly important, consumers and businesses are actively seeking sustainable and environmentally friendly solutions. Increased awareness has forced woodworking companies to rethink their manufacturing processes and invest in sustainable woodworking equipment.
However, the rise in popularity of power tools due to the importance of simplifying the woodworking process and increasing efficiency is a key factor that may hinder revenue growth in the market. Woodworkers are encouraged to invest in these power tools for their projects. The popularity of power tools such as cordless drills, electric circular saws, cordless jigsaws, routers, cordless belt sanders, portable electric planers, cordless woodworking machines, wrenches, electric miter saws and electric table saws has led to the rise of cordless tools. cable. Power tools versus traditional woodworking equipment. As woodworkers become more dependent on these versatile power tools, demand for a wider range of specialized woodworking equipment may decline, which may also slow down revenue growth in the market.
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The latest market trend is the growing need to address labor shortages and adapt to the demands of today's manufacturing landscape. As the woodworking industry struggles to find skilled workers, automation is becoming increasingly important. Robots are no longer just replacing humans; they integrate perfectly into modern woodworking production, increasing productivity and maintaining or exceeding quality standards. Designed for versatility and safety, these robots can perform a variety of tasks including material handling, cutting, grinding and finishing, making them a safer and more efficient choice.
Segment statistics
Product information:
Based on the product, the global woodworking equipment market is segmented into grinders, routers, planers, drills, saws, and others. In 2022, the planing segment accounted for the largest share of the global woodworking equipment market due to the growing demand for woodworking machines and security. Planers, like planers, help prepare workpieces efficiently and ensure uniform thickness and smooth surfaces. Safety regulations pay particular attention to minimizing the risk of accidents, as the enclosed cutting head and automatic planer feed reduce the risk. The planer's flexibility in processing parts of different lengths and materials, as well as its role in achieving consistent results, make it an important tool.
End use information:
Based on end use, the global woodworking equipment market is segmented into furniture, construction, marine, automotive, and others. The furniture segment is expected to account for a significant revenue share in the global woodworking equipment market during the forecast period. These machines are important for forming important pieces of furniture such as doors, windows, stair railings and glossy surfaces. Advanced features of woodworking machines not only increase accuracy and efficiency, but also increase productivity and product quality.
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Information about the region:
North America holds the largest share of the global woodworking equipment market during the forecast period due to the rise in the number of leading woodworking technology manufacturers and projects such as the International Woodworking Expo (IWF). The IMF serves as a showcase for the latest technology, innovation and industry trends, attracting visitors from a wide range of sectors of the economy. The importance of this event reflects North America's strong position in the woodworking industry. Members look for innovative solutions and follow industry news.
For example, on January 9, 2023, the Atlanta International Woodworking Fair (IWF) announced a major partnership with the Manufacturing Industry Learning Laboratory (MiLL). IWF donated $12,500 to MiLL, supporting its mission to grow Colorado's commercial workforce. MiLL specializes in offering career development in switchgear construction, construction technology and welding technology. This cooperation is in line with the International Monetary Fund's commitment to industrial development, innovation and education.
Asia Pacific is expected to account for a significant share of the global woodworking equipment market during the forecast period due to population growth coupled with rising household needs and consumer demand. In addition, the growing trend of energy-efficient and eco-friendly construction materials is expected to contribute to market revenue growth in the region during the forecast period.
For example, the 7th edition of DELHIWOOD, Asia's largest woodworking, furniture and mattress exhibition, will be held from March 2 to 5, 2023 at India Expo Mart, Greater Noida. The event brings together representatives of the woodworking and furniture industry and provides a platform to meet with national and international decision makers. The exhibition showcases the latest advances in furniture manufacturing technology, woodworking equipment, tools, fixtures, accessories, raw materials and products.
The scope of the study
Report details | Production |
Market size in 2022 | 4.70 billion dollars |
CAGR (2023-2032) | 5.0% |
Estimated sales by 2032 | 7.56 billion dollars |
Base year of assessment | 2022 year |
Historical information | 2019-2021 |
Calculation period | 2023-2032 |
Quantitative unit | Revenue in USD billion and CAGR in % from 2023 to 2032. |
Reporting coverage | Sales forecasts, company ratings, competitive landscape, growth drivers and trends |
Closed segment | Product, operation type, materials, end use, distribution and region. |
Area coverage | North America, Europe, Asia Pacific, Latin America, Middle East and Africa. |
village | USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Other European Countries, China, India, Japan, South Korea, Other Asia Pacific Countries, Brazil, Other Latin American Countries, Saudi Arabia, Ab' United Arab Emirates, South Africa, Turkey and the entire Middle East and Africa |
Important companies | Altendorf GmbH, Biesse Group, Bourn & Koch Inc., Cantek America, Casolin G. & C. Inc., Felder Group, Hans Weber Maschinenfabrik GmbH, Holytek Industrial Corporation, HOMAG Group, HOUFEK as, IMA Schelling Group GmbH, Woodworking Machinery KTCC , Makita Corporation, Masterwood SpA, Michael Weinig AG, PILANA Tools, Rojek Woodworking Machinery Inc., SCM Group, Shopsmith and Timesavers Inc. |
Settings section. | 10 hours of free setup and expert consultation |
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Big company and competitive environment
The global market for woodworking equipment is quite fragmented, with most of the large and medium-sized companies generating the majority of the market's revenue. Large companies use different tactics, implement mergers and acquisitions, enter into strategic agreements and contracts, and develop, test and bring to market more effective woodworking equipment solutions. Some of the key players profiled in the Global Woodworking Machinery Market report are:
Altendorf GmbH
Bisse group
Born and Koch Inc.
American context
Casolin G. & C. Inc.
Group on the field
Hans Weber Maschinenfabrik GmbH
Holitek industrial company
HOMAG group
like HOUFEK
Schelling IMA Group GmbH
Carpentry equipment KCS
Makita company
Masterwood SPA
Michael Weinig AG
PILANA tool
Rojek Woodworking Machinery Inc.
SCM group
to check
Time Savers Inc.
Strategic development
April 4, 2023 CNC Router Machines has introduced a new series of CNC routers for precision woodworking. Equipped with the latest technology and an intuitive interface, these advanced machines are designed for carpenters from a variety of industries. The new series is equipped with a high-speed spindle and servo motor and allows you to quickly and accurately cut, mill and engrave wood, plastic and other materials. CEO John expressed confidence in meeting the needs of woodworkers and emphasized the durability and safety of the machines. The new series of CNC milling machines available for purchase are aimed at developing woodworking skills with an emphasis on precision, efficiency and user safety.
On July 29, 2022, SCM unveiled Autostore, its new auto parts warehouse, which has been operating since January 2022 in Fonderia, Italy. This warehouse has an area of 900 m2 and has 13 storage levels with space for 24,000 modular boxes of 30 kg each. According to SCM, Autostore offers 75% faster pickup times and 30% faster delivery times, handling approximately 300 deliveries per day. This energy-saving system uses 19 low-power robots to ensure optimal control of the logistics of parts in woodworking. Garage shops increase the efficiency and quality of services for spare parts for woodworking machines.
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Segments are included in the report
For the purpose of this report, Emergen Research has categorized the global woodworking equipment market by type, application, usage, equipment size, components, industries and regions:
North America
WE
Canada
Mexico
Europe
German
France
Great Britain
Italy
Spanish
Benelux
the rest of Europe
Asia-Pacific region
China
India
Japan
South Korea
The rest of the Asia-Pacific region
Latin America
Brazil
the rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Turkey
The rest is in the Middle East and Africa
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