The Woodworking Machinery Market size was estimated at USD 4.71 billion in 2022 and is expected to reach USD 6.85 billion by 2030 at a CAGR of 4.8% during the forecast period of 2023-2030.
It can be costly to buy and install woodworking machinery, particularly sophisticated and automated technology like computer-controlled saws and CNC routers. It might be difficult for small and medium-sized woodworking companies to make these first expenditures. Expensive start-up expenses might make it difficult for new woodworking enterprises to get started and may prevent established ones from expanding their equipment. It might be difficult to find employees with the technical know-how and proficiency required to operate and maintain sophisticated woodworking machinery. Reduced efficiency and productivity as well as higher labor expenses as a result of qualified workers' higher pay might result from this scarcity.
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In addition, technology and automation have been revolutionizing the woodworking sector. Technological developments in CNC (Computer Numerical Control) and robots have enhanced the accuracy, effectiveness, and output of woodworking procedures. Modern gear is being purchased by woodworking companies to stay competitive and satisfy the increasing demand for specialized, premium wood products.
MARKET DYNAMICS
DRIVERS
Growth in Construction and Real Estate The demand for woodworking machinery is driven by the expansion of the construction and real estate industries, especially in the residential and commercial sectors. This is because the machinery is necessary for the production of wood-based items such as furniture, cabinets, and doors.
Renovation and Remodeling Activities The need for woodworking machines to produce specialized and superior wood products is fueled by the ongoing renovation and remodeling initiatives taking place in both residential and commercial areas.
Developments in Woodworking Technology to increase productivity and accuracy, modern woodworking technology is being used thanks to technological advancements including automation, CNC (Computer Numerical Control) systems, and digital design tools.
RESTRAIN
There is a lack of competent workers in the woodworking sector who can run and maintain sophisticated gear. The adoption of cutting-edge woodworking technology may be impacted by this.
OPPORTUNITY
Market Expansion in Emerging Nations: The building industry and burgeoning middle class in emerging nations present promising prospects for the woodworking machines market.
Sustainable Woodworking Practices: The need for environmentally friendly and sustainable woodworking methods can spur the creation and uptake of woodworking equipment that reduces waste and negative effects on the environment.
CHALLENGES
Economic fluctuations: As firms cut down on capital expenditures, economic downturns might result in a decrease in demand for woodworking machines.
Regulations: Modifications to safety requirements and environmental laws may affect how woodworking machinery is made and used.
Technological Complexity: Due to the woodworking machinery's fast technological improvements, ongoing investments in training and adaptation are necessary.
IMPACT OF RUSSIA-UKRAINE WAR
Supply chains for woodworking machines may be affected by the conflict, especially for parts and raw materials coming from the area. This may result in higher manufacturing costs and delays for companies that make woodworking machines. The cost of raw materials used to make woodworking machines, such as wood, metal, and plastic, might rise as a result of geopolitical tensions. For makers of woodworking machines, this may result in higher manufacturing costs. The conflict's volatility may result in changes to currency exchange rates, which might affect the price and cost of woodworking machines sold internationally.
Economic uncertainty brought on by the conflict may cause woodworking companies and other associated industries to postpone making investment choices. A decline in economic confidence may make it more difficult to buy new equipment for woodworking.
IMPACT OF ONGOING RECESSION
New woodworking machinery might see a 15% to 30% decrease in demand during a recession as many companies postpone or cancel capital investments. In the market for woodworking machines, decreased demand may put pressure on prices, possibly leading to price reductions of 5% to 15% or more. The demand for high-tech woodworking equipment may be impacted by a 10%–20% drop in investments in cutting-edge woodworking machines and technology. During a recession, many firms could experience financial difficulties, which makes it difficult to obtain funding for new woodworking machines. This may result in capital equipment investments falling by 15% to 25%. Recession-related economic difficulties may have an impact on the availability of wood, causing disturbances and maybe even a downturn in the woodworking sector of between 10% and 20% when buying new gear.
By Type
Lathe
Planer
Saw
Others (Radial Drills, Grinder, Jointer, Sanders)
By Application
Furniture
Construction
Others (Shipbuilding)
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
With a market share of almost 30% in the world of woodworking machines in 2022, Europe led the industry. The region's strong emphasis on sustainability and environmental rules is one important factor, encouraging firms to invest in cutting-edge technology that lowers waste and energy usage. Modern CNC machines are being used more often by European furniture manufacturers to ensure efficiency and accuracy while meeting stringent sustainability requirements. The industry has grown in Europe in part because of the increased demand for high-quality, personalized wood products in industries like building and interior design. This has also increased the use of sophisticated woodworking technology.
The increased demand for wooden furniture goods and the development of residential and commercial buildings are likely to drive significant growth in the Asia Pacific woodworking machines market revenue. As of 2023, China's Ministry of Housing and Urban-Rural Development estimates that there will be 600 million buildings in both cities and villages. A growth in the number of buildings fuels the need for furniture, which in turn raises the requirement for woodworking equipment. The fast expansion of infrastructure and urbanization in the area has led to China, India, and Japan gaining significant market share.
The major key players are Biesse Group, HOLYTEK INDUSTRIAL CORP, SCM Group, Durr Group, Gongyou Group Co., Ltd., IMA Schelling Group GmbH, Michael Weinig AG, CKM, Cantek America Inc., KTCC WOODWORKING MACHINERY, Oliver Machinery Company, and others
Biesse Group-Company Financial Analysis
RECENT DEVELOPMENT
CNC Router: In April 2023, An industry leader, CNC Router Machine, presented a new range of CNC Router machines designed to provide exceptional accuracy and efficiency for woodworkers across many industries. These state-of-the-art devices use sophisticated technology and user-friendly interfaces to guarantee the best outcomes. These devices are adaptive and versatile enough to fulfill the demands of woodworkers in a variety of sectors, whether they are used in small or big venues.
SCM Group: In August 2022, unveiled Autostore, a cutting-edge automated spare parts warehouse. This state-of-the-art facility effectively oversees a large inventory of thirty thousand products with the help of nineteen robots. Covering 900 square meters and rising to a height of 5.5 meters, the warehouse has 13 levels of storage and can hold 25,000 modular boxes. Up to 30 kg of components may fit within each box, providing ideal storage and retrieval capabilities.
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.71 Bn |
| Market Size by 2030 | US$ 6.85 Bn |
| CAGR | CAGR of 4.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Lathe, Planer, Saw, Others (Radial Drills, Grinder, Jointer, Sanders) • By Application, (Furniture, Construction, Others (Shipbuilding) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Biesse Group, HOLYTEK INDUSTRIAL CORP, SCM Group, Durr Group, Gongyou Group Co., Ltd., IMA Schelling Group GmbH, Michael Weinig AG, CKM, Cantek America Inc., KTCC WOODWORKING MACHINERY, Oliver Machinery Company |
| Key Drivers | • Growth in Construction and Real Estate The demand for woodworking machinery is driven by the expansion of the construction and real estate industries, especially in the residential and commercial sectors. This is because the machinery is necessary for the production of wood-based items such as furniture, cabinets, and doors. • Renovation and Remodeling Activities the need for woodworking machines to produce specialized and superior wood products is fueled by the ongoing renovation and remodeling initiatives taking place in both residential and commercial areas. |
| Market Opportunity | • Market Expansion in Emerging nations: The building industry and burgeoning middle class in emerging nations present promising prospects for the woodworking machines market. • Sustainable Woodworking Practices: The need for environmentally friendly and sustainable woodworking methods can spur the creation and uptake of woodworking equipment that reduces waste and negative effects on the environment. |
The Woodworking Machinery Market is expected to grow at 4.8% CAGR from 2023 to 2030.
According to our analysis, the Woodworking Machinery Market is anticipated to reach USD 6.85 billion By 2030.
The market is anticipated to be driven by precise engineering.
The leading participants in the Biesse Group, HOLYTEK INDUSTRIAL CORP, SCM Group, Durr Group, Gongyou Group Co., Ltd., IMA Schelling Group GmbH, Michael Weinig AG.
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TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Woodworking Machinery Market, By Type
8.1 Lathe
8.2 Planer
8.3 Saw
8.4 Others (Radial Drills, Grinder, Jointer, Sanders)
9. Woodworking Machinery Market,By Application
9.1 Furniture
9.2 Construction
9.3 Others (Shipbuilding)
10. Regional Analysis10.2.4 USA
10.2.4.1 USA Woodworking Machinery Market, By Type
10.2.4.2 USA Woodworking Machinery Market, By Application
10.2.5 Canada
10.2.5.1 Canada Woodworking Machinery Market, By Type
10.2.5.2 Canada Woodworking Machinery Market, By Application
10.2.6 Mexico
10.2.6.1 Mexico Woodworking Machinery Market By Type
10.2.6.2 Mexico Woodworking Machinery Market By Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Woodworking Machinery Market by Country
10.3.1.2 Eastern Europe Woodworking Machinery Market By Type
10.3.1.3 Eastern Europe Woodworking Machinery Market By Application
10.3.1.4 Poland
10.3.1.4.1 Poland Woodworking Machinery Market By Type
10.3.1.4.2 Poland Woodworking Machinery Market By Application
10.3.1.5 Romania
10.3.1.5.1 Romania Woodworking Machinery Market By Type
10.3.1.5.2 Romania Woodworking Machinery Market By Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Woodworking Machinery Market By Type
10.3.1.6.2 Hungary Woodworking Machinery Market By Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Woodworking Machinery Market By Type
10.3.1.7.2 Turkey Woodworking Machinery Market By Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Woodworking Machinery Market By Type
10.3.1.8.2 Rest of Eastern Europe Woodworking Machinery Market By Application
10.3.2 Western Europe
10.3.2.1 Western Europe Woodworking Machinery Market by Country
10.3.2.2 Western Europe Woodworking Machinery Market By Type
10.3.2.3 Western Europe Woodworking Machinery Market By Application
10.3.2.4 Germany
10.3.2.4.1 Germany Woodworking Machinery Market By Type
10.3.2.4.2 Germany Woodworking Machinery Market By Application
10.3.2.5 France
10.3.2.5.1 France Woodworking Machinery Market By Type
10.3.2.5.2 France Woodworking Machinery Market By Application
10.3.2.6 UK
10.3.2.6.1 UK Woodworking Machinery Market By Type
10.3.2.6.2 UK Woodworking Machinery Market By Application
10.3.2.7 Italy
10.3.2.7.1 Italy Woodworking Machinery Market By Type
10.3.2.7.2 Italy Woodworking Machinery Market By Application
10.3.2.8 Spain
10.3.2.8.1 Spain Woodworking Machinery Market By Type
10.3.2.8.2 Spain Woodworking Machinery Market By Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Woodworking Machinery Market By Type
10.3.2.9.2 Netherlands Woodworking Machinery Market By Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Woodworking Machinery Market By Type
10.3.2.10.2 Switzerland Woodworking Machinery Market By Application
10.3.2.11 Austria
10.3.2.11.1 Austria Woodworking Machinery Market By Type
10.3.2.11.2 Austria Woodworking Machinery Market By Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Woodworking Machinery Market By Type
10.3.2.12.2 Rest of Western Europe Woodworking Machinery Market By Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Woodworking Machinery Market by Country
10.4.2 Asia Pacific Woodworking Machinery Market By Type
10.4.3 Asia Pacific Woodworking Machinery Market By Application
10.4.4 China
10.4.4.1 China Woodworking Machinery Market By Type
10.4.4.2 China Woodworking Machinery Market By Application
10.4.5 India
10.4.5.1 India Woodworking Machinery Market By Type
10.4.5.2 India Woodworking Machinery Market By Application
10.4.6 Japan
10.4.6.1 Japan Woodworking Machinery Market By Type
10.4.6.2 Japan Woodworking Machinery Market By Application
10.4.7 South Korea
10.4.7.1 South Korea Woodworking Machinery Market By Type
10.4.7.2 South Korea Woodworking Machinery Market By Application
10.4.8 Vietnam
10.4.8.1 Vietnam Woodworking Machinery Market By Type
10.4.8.2 Vietnam Woodworking Machinery Market By Application
10.4.9 Singapore
10.4.9.1 Singapore Woodworking Machinery Market By Type
10.4.9.2 Singapore Woodworking Machinery Market By Application
10.4.10 Australia
10.4.10.1 Australia Woodworking Machinery Market By Type
10.4.10.2 Australia Woodworking Machinery Market By Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Woodworking Machinery Market By Type
10.4.11.2 Rest of Asia-Pacific Woodworking Machinery Market By Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Woodworking Machinery Market by Country
10.5.1.2 Middle East Woodworking Machinery Market By Type
10.5.1.3 Middle East Woodworking Machinery Market By Application
10.5.1.4 UAE
10.5.1.4.1 UAE Woodworking Machinery Market By Type
10.5.1.4.2 UAE Woodworking Machinery Market By Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Woodworking Machinery Market By Type
10.5.1.5.2 Egypt Woodworking Machinery Market By Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Woodworking Machinery Market By Type
10.5.1.6.2 Saudi Arabia Woodworking Machinery Market By Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Woodworking Machinery Market By Type
10.5.1.7.2 Qatar Woodworking Machinery Market By Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Woodworking Machinery Market By Type
10.5.1.8.2 Rest of Middle East Woodworking Machinery Market By Application
10.5.2 Africa
10.5.2.1 Africa Woodworking Machinery Market by Country
10.5.2.2 Africa Woodworking Machinery Market By Type
10.5.2.3 Africa Woodworking Machinery Market By Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Woodworking Machinery Market By Type
10.5.2.4.2 Nigeria Woodworking Machinery Market By Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Woodworking Machinery Market By Type
10.5.2.5.2 South Africa Woodworking Machinery Market By Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Woodworking Machinery Market By Type
10.5.2.6.2 Rest of Africa Woodworking Machinery Market By Application
10.6 Latin America
10.6.1 Latin America Woodworking Machinery Market by Country
10.6.2 Latin America Woodworking Machinery Market By Type
10.6.3 Latin America Woodworking Machinery Market By Application
10.6.4 Brazil
10.6.4.1 Brazil Woodworking Machinery Market By Type
10.6.4.2 Brazil Woodworking Machinery Market By Application
10.6.5 Argentina
10.6.5.1 Argentina Woodworking Machinery Market By Type
10.6.5.2 Argentina Woodworking Machinery Market By Application
10.6.6 Colombia
10.6.6.1 Colombia Woodworking Machinery Market By Type
10.6.6.2 Colombia Woodworking Machinery Market By Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Woodworking Machinery Market By Type
10.6.7.2 Rest of Latin America Woodworking Machinery Market By Application
11 Company Profile
11.1 Biesse Group
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Robot Type/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 HOLYTEK INDUSTRIAL CORP
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Robot Type/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 SCM Group
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Robot Type/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Durr Group
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Robot Type/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Gongyou Group Co., Ltd.
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Robot Type/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 IMA Schelling Group GmbH
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Robot Type/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Michael Weinig AG
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Robot Type/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 CKM
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Robot Type/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Cantek America Inc.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Robot Type/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 KTCC WOODWORKING MACHINERY
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Robot Type/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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