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The woodworking machines market size is forecast to increase by USD 1.32 billion, at a CAGR of 4.74% between 2023 and 2028. The growth rate of the market depends on several factors, such as the increasing adoption of automated woodworking machines, the growing demand for wooden furniture, and the rising construction of residential and commercial buildings. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecast market scenario.
The expansion of Europe's construction sector is set to propel market growth, with companies like Akhurst Machinery providing woodworking machines including the Demo Cantek NU1100NRP top planer sander and Used Doucet P 202 Pneumatic drum sander. Biesse Group contributes to the industry with offerings like Rover A, Rover A Edge 16, and Rover B Edge. This surge aligns with the growth rate, benefits, and global market trends, emphasizing convenience and consumer consumption patterns, all contributing to positive forecasts and market analysis.
Woodworking Machines Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The sales of wooden furniture have a direct impact on the growth of the woodworking machines market, as the furniture industry contributes 82.26% of the market share. In addition, most of the demand for wooden furniture is coming from the residential segment. Furthermore, the growth of the wooden furniture industry was also supported by economic factors such as rising urban population and increasing per capita spending.
Moreover, in residential and commercial spaces, wooden furniture provides enhanced durability and improved aesthetic looks to the living space. In addition, due to increased brand consciousness and awareness about interior design trends, residential and commercial users have increased the magnitude of investments in furnishing products in wooden categories. Therefore, the furniture manufacturer uses woodworking machines to deliver highly engineered wooden furniture to the end-users. Hence, such factors are driving the market growth during the forecast period.
Woodworking machines for manufacturing wood products are mainly used in industries including the furniture and construction industries. In addition, in today's competitive world, automation is key to achieving high productivity while ensuring flexibility in lot sizes. Furthermore, automation in the woodworking industry enables quick changeover between batches, enhances the volume of production, and results in improved manufacturing tolerances and improved product quality.
Moreover, the use of robotics in the manufacturing process will offer many benefits. In addition, one such benefit is collision resistance, where robots use sensors to interact with other machines to avoid the possibility of contact while handling the workpiece. Furthermore, the sensors fitted in the robots allow them to eliminate the possibility of crashing with the other moving parts in the production process. Hence, such factors are driving the market growth during the forecast period.
The requirement of high capital investment during the adoption of automation control systems is one of the key concerns impacting the global market. In addition, proprietary control systems require high capital expenditure for their installation, regular upgrades, integration, and support. Furthermore, the growing need for product quality requires the seamless integration of automation systems, but with limited capital, most small- and medium-sized enterprises (SMEs) find it difficult to complete automation of their existing woodworking process.
Moreover, industrial operators often find it difficult to realize the actual return on investment (ROI) through the implementation of automation systems due to the fast-changing automation solution and various technological components involved in it. Furthermore, while upgrading software in proprietary automated solutions, the existing operating system may not support the new program. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.
The furniture segment is estimated to witness significant growth during the forecast period. Woodworking machines are extensively used in the furniture industry. In addition, wooden furniture and household wooden furniture are the basic products that are developed using woodworking machinery. Furthermore, in residential spaces, furniture is used for its usability and aesthetics.
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The furniture segment was the largest segment and was valued at USD 2.70 billion in 2018. Moreover, the demand for portable wooden furniture is increasing due to the trend of shifting homes. In addition, home wooden furniture includes furniture that is used in living rooms, bedrooms, kitchen spaces, dining rooms, bathrooms, and other areas in the house. Furthermore, decorative pieces made from wood are also in high demand in residential spaces. In addition, some of the commonly used home wooden furniture products are sofa sets, tables, chairs, entertainment furniture sets, decorative side tables, shelves, beds, dressing tables, wardrobes, and study tables. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the distribution channel, the market has been segmented into offline and online. The offline?segment will account for the largest share of this segment. The global woodworking machine market has transformed significantly over the years, adapting to technological advancements and changing consumer preferences. In addition, within this expansive market, the offline distribution channel stands out as a distinct and vital segment, catering to a specific set of customers and business dynamics. Moreover, offline distribution channels are defined as physical stores, dealerships, and distributors that operate offline without a strong online presence. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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Europe is estimated to contribute 35% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The presence of major vendors (such as Biesse Group) contributes to the expansion of Europe-based furniture production facilities which is fuelling the market growth in the region. In addition, Italy, Germany, the UK, and France are the key countries in the wooden furniture market in Europe. Moreover, the demand for premium wooden furniture with appealing designs is relatively higher in Europe. Furthermore, Germany is the largest economy in EMEA and the largest construction market in the region. The construction market in Germany picked up a considerable pace post-2021, after witnessing a slow growth during 2020-2021. In addition, the steady rise in the domestic population and the inflow of refugees from the Middle East countries are increasing the burden on the country's existing residential and healthcare infrastructure. Hence, such factors are driving market growth in Europe during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Durr AG: The company offers woodworking machines such as Case clamp CABTEQ S 250, Case clamp CABTEQ S 200, and Electric throughfeed case clamp CABTEQ T 200 under the brand HOMAG Group AG.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
A L Dalton Ltd.,Chuanhuan Enterprise Co. Ltd., Grizzly Industrial Inc., HOLYTEK INDUSTRIAL CORP, IMA Schelling Group GmbH, JPW Industries Inc., Masterwood Spa, Michael Weinig AG, Nihar industries, Oliver Machinery Co., Otto Martin Maschinenbau GmbH and Co. KG, Robland Ltd., RS wood SRL, Salvador Srl, SCM GROUP Spa, Socomec, and Zhengzhou Leabon Machinery Equipment Co. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market report analysis of the latest trends and growth opportunities from 2018 to 2028.
The Woodworking Machines Market is witnessing growth driven by the demand for doors, windows, cabinets, and wooden components, propelled further by urbanization and infrastructure development. The rise in middle-range and affordable housing units contributes to the market surge. Small and medium-sized woodworking businesses are adopting CNC routers and computer-controlled saws, enhancing efficiency and precision. However, upfront investments, initial costs, and the need for skilled workers pose entry barriers. The industry faces challenges such as supply chain disruptions, machinery delivery issues, and economic uncertainties. Embracing CNC technology remains a pivotal factor in navigating these dynamics.
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Woodworking Machines Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.74% |
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Market Growth 2024-2028 |
USD 1.32 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.95 |
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Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 35% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
A L Dalton Ltd., Akhurst Machinery Ltd., Biesse Group, Chuanhuan Enterprise Co. Ltd., Durr AG, Grizzly Industrial Inc., HOLYTEK INDUSTRIAL CORP, IMA Schelling Group GmbH, JPW Industries Inc., Masterwood Spa, Michael Weinig AG, Nihar industries, Oliver Machinery Co., Otto Martin Maschinenbau GmbH and Co. KG, Robland Ltd., RS wood SRL, Salvador Srl, SCM GROUP Spa, Socomec, and Zhengzhou Leabon Machinery Equipment Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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