Woodworking Machinery Market Outlook: Trends and Growth Forecast by 2024

The global woodworking machinery market size was valued at USD 4.72 billion in 2022 and is projected to grow from USD 4.86 billion in 2023 to USD 6.80 billion by 2030, exhibiting a CAGR of 4.9% during the forecast period.

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Industry developments of woodworking machinery market:

• • CNC Router Machine, a prominent figure in the industry, unveiled a brand-new lineup of CNC Router machines tailored to offer remarkable efficiency and precision for woodworkers in various sectors. These cutting-edge machines incorporate user-friendly interfaces and advanced technology to ensure optimal results. Whether in small-scale or large-scale environments, these machines are versatile and adaptable to meet the needs of woodworkers across different industries.
  • SCM Group introduced Autostore, an innovative automated warehouse designed for spare parts. With the assistance of 19 robots, this cutting-edge facility efficiently manages a vast inventory of 30 thousand items. Spanning an area of 900m² and reaching a height of 5.5 meters, the warehouse encompasses 13 storage levels and accommodates 24 thousand modular boxes. Each box has the capacity to hold up to 30 kg of components, ensuring optimal storage and retrieval capabilities.
  • Group adopted a package of measures to achieve efficiency gains in the woodworking machinery and system division (HOMAG Group). The package involves a non-recurring expense of approximately USD 44.8 million, of which about USD 41.4 million was disbursed in 2019. These adopted measures are expected to generate around USD 16.8 million in savings.
  • The woodworking machinery and system division (HOMAG Group) of Dürr Group launched a new iPackage. It offers bundled service packages targeted at small to medium-sized companies specializing in one-shift operations.

Top Companies of woodworking machinery market:

• • • Biesse Group (Italy)
    • HOLYTEK INDUSTRIAL CORP. (Taiwan)
    • SCM Group (Italy)
    • Dürr Group (Germany)
    • Gongyou Group Co., Ltd. (China)
    • IMA Schelling Group GmbH (Germany)
    • Michael Weinig AG (Germany)
    • CKM (Taiwan)
    • Cantek America Inc. (U.S.)
    • KTCC WOODWORKING MACHINERY (Taiwan)
    • Oliver Machinery Company (U.S.)
    • RS WOOD S.R.L. (Italy)
    • SOCOMEC S.R.L. (Italy)
    • Solidea Srl (Italy)
    • Nihar Industries (India)
    • Zhengzhou Leabon Machinery (China)
    • SOSN (China)
    • A L Dalton Ltd. (U.K.)

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Woodworking Machinery Market Segmentation

Woodworking Machinery Market Share, Size, & Industry Analysis, By Type (Lathe, Planer, Saw, and Others (Radial Drills, Grinder, Jointer, Sanders)), By Application (Furniture, Construction, and Others (Shipbuilding)), and Regional Forecast Between, 2023-2030

Reasons to buy this report:

The present state of the market, trends, growth areas, and competitive dynamics in the woodworking machinery market are all thoroughly examined in this report. It helps companies to see areas for expansion and improvement while pointing out possible difficulties and dangers. The report’s evaluation of product portfolios and business segments helps stakeholders make better-informed investments and market strategies.

Developing successful success strategies in the woodworking machinery market can be facilitated and decision-making greatly enhanced by having a solid understanding of the industry dynamics described in the report. All things considered, this report is a great resource for anyone looking for in-depth knowledge about this quickly evolving industry.

Regional Atributes:

• • • North America (By Type, Application, and Country)
      • U.S. (By Type)
      • Canada (By Type)
      • Mexico (By Type)
    • South America (By Type, Application, and Country)
      • Brazil (By Type)
      • Argentina (By Type)
      • Rest of South America
    • Europe (By Type, Application, and Country)
      • Germany (By Type)
      • U.K. (By Type)
      • France (By Type)
      • Russia (By Type)
      • Italy (By Type)
      • Rest of Europe
    • Middle East & Africa (By Type, Application, and Country)
      • Saudi Arabia (By Type)
      • Turkey (By Type)
      • Egypt (By Type)
      • South Africa (By Type)
      • Rest of Middle East & Africa
    • Asia Pacific (By Type, Application, and Country)
      • Japan (By Type)
      • China (By Type)
      • India (By Type)
      • Southeast Asia (By Type)
      • South Korea (By Type)
      • Australia (By Type)
      • Rest of Asia Pacific

Table of Contents:

• • • Introduction
      • Research Scope
      • Market Segmentation
      • Research Methodology
      • Definitions and Assumptions
    • Executive Summary
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
    • Key Insights
      • Key Industry Developments – Merger, Acquisitions, and Partnerships
      • Porter’s Five Forces Analysis
      • SWOT Analysis
      • Technological Developments
      • Value Chain Analysis

TOC Continued…!

Woodworking Machinery Market Drivers and restrains:

• • • Driver: Growing Demand for Custom Furniture and InteriorsThe increasing consumer preference for custom-designed furniture and intricate woodwork drives the demand for advanced woodworking machinery that can handle complex designs and high-quality finishes.
    • Driver: Technological AdvancementsInnovations in woodworking technology, including automation, precision controls, and advanced cutting tools, improve efficiency, accuracy, and productivity, fueling market growth.
    • Driver: Expanding Construction and Renovation ActivitiesThe rise in residential and commercial construction and renovation projects boosts the demand for woodworking machinery used in producing wood components and finishes for various applications.
    • Restraint: High Initial CostsThe significant capital investment required for purchasing advanced woodworking machinery can be a barrier for small and medium-sized enterprises or startups with limited budgets.
    • Restraint: Maintenance and Training RequirementsAdvanced woodworking machinery often requires regular maintenance and specialized training for operators, which can add to operational costs and impact market adoption.

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