Woodworking Machinery Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global woodworking machinery market reached a value of about USD 5.01 Billion in 2024. The industry is further expected to grow at a CAGR of about 3.90% in the forecast period of 2025-2034 to reach a value of around USD 7.35 Billion by 2034.

North America and Asia Pacific to be Significant Regional Markets for Woodworking Machinery

North America is expected to be one of the dominant regions of the global woodworking machines industry, owing to the increasing automation of manufacturing units in this region. The growth can also be attributed to the growing utilisation of timber in the construction industry and the adoption of cross-laminated timbers (CLTs) to manufacture houses and commercial buildings across the United States and Canada.

The Asia Pacific region, driven by China and India, is expected to be a lucrative revenue-generating market, given the region's growing building projects and increased usage of advanced machines. The growth is also attributed to the increasing population rate, consumer needs and consumption of forest products by end-users. In addition, Latin America and Europe are projected to witness significant growth during the forecast period. On the other hand, the Middle East and Africa are expected to witness moderate growth during the forecast period owing to the limited adoption of woodworking machines in this region.

Woodworking Machinery: Market Segmentation

Woodworking machinery is a machine tool that makes semi-finished wood processing products into wood products in wood processing technology. Furniture machinery is an important part of woodworking machinery. The manufacturers use the woodworking machine to eliminate the huge wastage of the wood, which indirectly increases the profitability margin.

Market Breakup by Product Type

• Grinding Machines
• Routers
• Planers
• Drills
• Saws
• Others

Market Breakup by Operating Type

• Electrical
• Mechanical

Market Breakup by End Use

• Furniture Industry
• Construction Industry
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Growing Demand for the Engineered Wood and Wooden Furniture Augmenting the Market Growth

The woodworking market is growing significantly owing to the growing demand for engineered wood and wooden furniture. The growth in the number of commercial and residential buildings and the increase in the consumers' preference to have an attractive look to their buildings are fuelling the market's growth. The manufacturing units are mostly inclining towards automation, improving overall efficiency and productivity, which projects to escalate the development of the woodworking machines in the coming years. Customers have been replacing their old furniture to rehabilitate their homes or offices in recent years, which has become a trend. These machines are widely being adopted by both the developing and the developed countries for delivering high-quality products to the customers.

The growth in the woodworking machinery market is primarily due to companies resuming operations and adjusting to the new normal as they recover from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges. Therefore, the woodworking machinery industry is being driven by technological advancements.

Key Industry Players in the Global Woodworking Machinery Market

The report gives a detailed analysis of the following key players in the global woodworking machinery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• KTCC Woodworking Machinery
• Durr
• Cantek America
• Gongyou Group
• SCM Group
• Holytek Industrial Corporation
• BiesseGroup
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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