KEY MARKET HIGHLIGHTS In 2022, the global woodworking machinery market was valued at USD 4.72 billion. Predictions show that from USD 4.87 billion in 2023, the market will expand to USD 6.82 billion by 2030, reflecting a 4.10% CAGR throughout the projected period.
Woodworking machines are essential in transforming raw wood into products like beams, plywood, and boards, widely used in industries like furniture-making, shipbuilding, and more. With the growing trend towards automation and precision in manufacturing, the demand for these machines is on the rise. They offer adaptability throughout the entire wood product creation process.
One notable trend is the rise of prefabricated wooden homes. Manufacturers globally are increasingly focusing on Cross-Laminated Timber (CLT) for these homes. The trend is catching on in countries such as the U.S., Italy, Austria, and France. Additionally, evolving lifestyles and a surge in demand for bespoke wooden items are expected to further boost the market.
IMPACT OF COVID-19 COVID-19 disruptions affected both supply chains and manufacturing processes.
The pandemic has left a significant mark on all aspects of the woodworking industry, from manufacturing to retail. A study by the Wood Component Manufacturers Association (WCMA) indicated a lasting impact and urged manufacturers to diversify their products. Notable challenges were supply chain disturbances, increased border checks, decreasing local and international demand, and retail shutdowns.
The North American woodworking sector experienced substantial setbacks, with nearly 3% of manufacturers considering permanent closure. Additionally, Acimall, the Italian Woodworking Technology Association, highlighted a sharp decline in machinery orders in the first quarter of 2020 across all key global markets.
U.K. timber import activities were halted due to supply chain issues, resulting in depressed trading levels in European countries. With this, a significant downturn in the global market was anticipated until mid-2021. Supportive measures from wood and timber institutions, coupled with government initiatives, will be essential moving forward.
LATEST INDUSTRY TRENDS Prefabricated wooden homes are on the rise, as timber results in lower CO2 emissions, making it environmentally compliant. These homes are not only energy-efficient but also enhance production efficiency and reduce material wastage. Recognizing these benefits, manufacturers in countries like Germany, the U.S., the U.K., and Finland are increasingly offering prefab wood homes, including bungalows and garages.
Furthermore, the booming construction industry in India is set to play a pivotal role in augmenting global market growth in the upcoming years.
Precision Engineering Boosting Market Expansion In recent times, the woodworking machinery market has witnessed a surge, credited to the hybrid approach of integrating CNC machines for maximum precision in creating top-notch wood products. Leading manufacturers like Gongyou Group Co., Ltd., and IMA Schelling Group GmbH provide specialized saws for precise cutting of wooden materials. This emphasis on innovation, coupled with the tailored demands of wooden products from various sectors, propels market growth. For instance, in 2019, the Biesse Group integrated automated 5-axis heads into their assembly lines, enhancing efficiency and precision. With rising disposable incomes in nations like Brazil, Mexico, India, and China, the industry is set to thrive.
RESTRAINING FACTORS Safety Concerns Stunt Market Progress The machinery used in woodworking can be dangerous if mishandled, underscoring the importance of safety in production spaces. Workers face risks like exposure to wood dust, noise, toxic finishes, unguarded machinery, and ergonomic issues. As per the U.K. Health and Safety Executive (HSE), roughly 35% of accidents involve table or circular saws, making them particularly hazardous. These safety concerns negatively affect the market's growth potential.
SEGMENTATION Type Analysis
- Lathe Segment Poised for Growth: The market categorizes types as lathe, planer, saw, and others. Lathes, due to advancements in CNC lathe machines, are anticipated to dominate the market. Meanwhile, the planer segment will likely experience significant growth, driven by the rise of efficient, lightweight planer machines. Other segments, like saws and jointers, are also predicted to grow, especially saw machinery, given its extensive use in woodworking.
- Furniture Segment on the Rise: Segmenting the market by application, we have construction, furniture, and others. The furniture segment is primed to lead due to consumer preferences for aesthetic appeal. Concurrently, the construction segment is set to grow, given the increasing disposable incomes in emerging countries.
- Europe Holds the Reins: With major manufacturers located in Italy, Germany, and the U.K., Europe is poised to dominate the market. For context, the Food and Agriculture Organization (FAO) predicts European sawn wood production and consumption to witness a notable rise by 2030.
- Germany Leads in Smart Manufacturing: Renowned for its woodworking machinery prowess, Germany is home to powerhouse manufacturers. Many are pivoting towards smart manufacturing to optimize future production processes.
- North America & Asia Pacific Show Promise: The U.S. and Canada's focus on timber and Cross-Laminated Timbers (CLTs) spells growth for North America. Simultaneously, the Asia Pacific region is set to exhibit strong growth, driven by population dynamics, consumption patterns, and policy initiatives in countries like India and China.
- Middle East & Africa and South America See Export Surge: These regions are witnessing an uptick in forest product exports, positively influencing the market.
KEY INDUSTRY PARTICIPANTS Digital Advancements Define Key Players' Strategies Leading industry giants, such as Biesse Group, HOLYTEK INDUSTRIAL CORP., and SCM Group, are embracing digital transformation, leveraging technologies like Industry 4.0 and the Industrial Internet of Things (IIoT) to cater to tailored user demands. A notable example is Dürr Group's integration of smart analytics software to drive Smart Factory processes.
LIST OF KEY COMPANIES PROFILED:
- 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.)
KEY INDUSTRY UPDATES:
- April 2023: CNC Router Machine, a leading name in the sector, unveiled a new series of CNC Router machines, designed to offer unparalleled efficiency and accuracy for woodworkers across various fields. With user-centric designs and state-of-the-art technology, these machines guarantee superior outcomes, catering to both small and large-scale operations.
- August 2022: SCM Group launched "Autostore", a state-of-the-art automated warehouse tailored for spare parts storage. Powered by 19 robots, this facility seamlessly manages an impressive inventory of 30,000 items. Spread over 900m2 and standing at 5.5 meters, it features 13 storage tiers and houses 24,000 modular containers, each capable of holding up to 30 kg of components.
- June 2019: Dürr Group initiated a series of strategic measures aiming for heightened efficiency within its woodworking machinery and system division, HOMAG Group. This initiative involved an expenditure of around USD 44.8 million, with USD 41.4 million expended in 2019 itself. These steps are projected to result in savings of approximately USD 16.8 million.
- May 2019: Dürr Group's HOMAG Group division rolled out the "iPackage," introducing bundled service solutions, specifically targeting small to medium enterprises that operate primarily in single shifts.
REPORT OVERVIEW: This report delivers an in-depth review of the global market, spotlighting vital components like top players, product/service variations, and primary application areas. Furthermore, it sheds light on current global woodworking machinery market trends and accentuates major industry shifts. The study also outlines the various dynamics that have been pivotal to the market's evolution in the recent past.
REPORT OVERVIEW & CATEGORIZATION
2019 – 2030
2023 – 2030
2019 – 2021
CAGR of 4.10% from 2023 to 2030
Value (USD billion)
By Type, Application, and Region
COMMONLY REQUESTED INFORMATION
- What was the valuation of the global woodworking machinery market in 2022?
- What's the projected value of the woodworking machinery market by 2030?
- What's the expected Compound Annual Growth Rate (CAGR) for this market?
- Which type-based segment is anticipated to dominate the market in the forecast period?
- What's driving the market's growth?
- Who are the leading players in this market?
- What notable trend is observed in the market?
- Which application category is likely to claim the majority market share?
Which segment looks promising for significant growth during the projected timeframe?
1 Market Overview
1.2 Market Analysis by Type
1.2.1 Overview: Global Revenue by Type: 2022 Versus 2023 Versus 2029
1.3 Market Analysis by Application
1.3.1 Overview: Global Revenue by Application: 2022 Versus 2023 Versus 2029
1.4 Global Market Size & Forecast
1.4.1 Global Sales in Value (2017-2029))
1.4.2 Global Sales in Volume (2017-2029)
1.4.3 Global Price by Type (2017-2029) & (US$/Unit)
1.5 Global Production Capacity Analysis
1.5.1 Global Total Production Capacity (2017-2029)
1.5.2 Global Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Market Drivers
1.6.2 Market Restraints
1.6.3 Trends Analysis
2 Manufacturers Profiles
**This is for each company**
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Product and Services
2.1.4 Company Sales, Price, Revenue, Gross Margin and Market Share (2019-2022)
3 Sales by Manufacturer
3.1 Global Sales in Volume by Manufacturer (2020-2022)
3.2 Global Revenue by Manufacturer (2020-2022)
3.3 Key Manufacturer Position in Market
3.4 Market Concentration Rate
3.4.1 Top 3 Manufacturer Market Share
3.4.2 Top 6 Manufacturer Market Share
3.5 Global Production Capacity by Company
3.6 Manufacturer by Geography: Head Office and Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Market Size by Region
4.1.1 Global Sales in Volume by Region (2017-2029)
4.1.2 Global Revenue by Region (2017-2029)
4.2 North America Revenue (2017-2029)
4.3 Europe Revenue (2017-2029)
4.4 Asia-Pacific Revenue (2017-2029)
4.5 South America Revenue (2017-2029)
4.6 Middle East and Africa Revenue (2017-2029)
5 Market Segment by Type
5.1 Global Sales in Volume by Type (2017-2029)
5.2 Global Revenue by Type (2017-2029)
5.3 Global Price by Type (2017-2029)
6 Market Segment by Application
6.1 Global Sales in Volume by Application (2017-2029)
6.2 Global Revenue by Application (2017-2029)
6.3 Global Price by Application (2017-2029)
7 North America by Country, by Type, and by Application
7.1 North America Sales by Type (2017-2029)
7.2 North America Sales by Application (2017-2029)
7.3 North America Market Size by Country
7.3.1 North America Sales in Volume by Country (2017-2029)
7.3.2 North America Revenue by Country (2017-2029)
7.3.3 United States Market Size and Forecast (2017-2029)
7.3.4 Canada Market Size and Forecast (2017-2029)
7.3.5 Mexico Market Size and Forecast (2017-2029)
8 Europe by Country, by Type, and by Application
8.1 Europe Sales by Type (2017-2029)
8.2 Europe Sales by Application (2017-2029)
8.3 Europe Market Size by Country
8.3.1 Europe Sales in Volume by Country (2017-2029)
8.3.2 Europe Revenue by Country (2017-2029)
8.3.3 Germany Market Size and Forecast (2017-2029)
8.3.4 France Market Size and Forecast (2017-2029)
8.3.5 United Kingdom Market Size and Forecast (2017-2029)
8.3.6 Russia Market Size and Forecast (2017-2029)
8.3.7 Italy Market Size and Forecast (2017-2029)
9 Asia-Pacific by Country, by Type, and by Application
9.1 Asia-Pacific Sales by Type (2017-2029)
9.2 Asia-Pacific Sales by Application (2017-2029)
9.3 Asia-Pacific Market Size by Region
9.3.1 Asia-Pacific Sales in Volume by Region (2017-2029)
9.3.2 Asia-Pacific Revenue by Region (2017-2029)
9.3.3 China Market Size and Forecast (2017-2029)
9.3.4 Japan Market Size and Forecast (2017-2029)
9.3.5 Korea Market Size and Forecast (2017-2029)
9.3.6 India Market Size and Forecast (2017-2029)
9.3.7 Southeast Asia Market Size and Forecast (2017-2029)
9.3.8 Australia Market Size and Forecast (2017-2029)
10 South America by Country, by Type, and by Application
10.1 South America Sales by Type (2017-2029)
10.2 South America Sales by Application (2017-2029)
10.3 South America Market Size by Country
10.3.1 South America Sales in Volume by Country (2017-2029)
10.3.2 South America Revenue by Country (2017-2029)
10.3.3 Brazil Market Size and Forecast (2017-2029)
10.3.4 Argentina Market Size and Forecast (2017-2029)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Sales by Type (2017-2029)
11.2 Middle East & Africa Sales by Application (2017-2029)
11.3 Middle East & Africa Market Size by Country
11.3.1 Middle East & Africa Sales in Volume by Country (2017-2029)
11.3.2 Middle East & Africa Revenue by Country (2017-2029)
11.3.3 Turkey Market Size and Forecast (2017-2029)
11.3.4 Egypt Market Size and Forecast (2017-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2029)
11.3.6 South Africa Market Size and Forecast (2017-2029)
12 Sales Channel, Distributors, Traders and Dealers
12.1 Sales Channel
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Typical Distributors
12.3 Typical Customers
13 Research Findings and Conclusion
14.2 Research Process and Data Source
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.