Global Woodworking Machinery Market to Reach US$6.8 Billion by 2030

The global market for Woodworking Machinery estimated at US$5.2 Billion in the year 2023, is expected to reach US$6.8 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2023-2030. Lathe, one of the segments analyzed in the report, is expected to record a 3.6% CAGR and reach US$2.8 Billion by the end of the analysis period. Growth in the Planer segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.1 Billion While China is Forecast to Grow at 6.5% CAGR

The Woodworking Machinery market in the U.S. is estimated at US$1.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Woodworking Machinery Market - Key Trends & Drivers Summarized

Woodworking machinery encompasses a broad range of tools and equipment used for processing wood into finished products, ranging from furniture and cabinetry to intricate wooden sculptures and structural components. These machines, including saws, planers, routers, sanders, and lathes, are essential for cutting, shaping, and finishing wood with precision and efficiency. Modern woodworking machinery integrates advanced technologies such as computer numerical control (CNC) systems, which automate and enhance the accuracy of the cutting and shaping processes. This technological evolution has enabled craftsmen and industrial manufacturers alike to produce complex designs with high levels of detail and consistency, significantly boosting productivity and reducing manual labor.

The global woodworking machinery market has been witnessing significant growth over the past few years, driven primarily by increasing demand for wooden furniture and built wooden houses, growing focus of customers towards replacing old furniture and rehabilitating their house and office, and increasing adoption of automated and highly-specialized woodworking machinery in the manufacturing process. In recent years, there has been a continuous increase in demand for prefabricated wooden houses. Over the last few years, there has been a growing emphasis in the woodworking industry towards assuring flexibility as well as highly-personalized products, which has resulted in a greater demand for highly-specialized woodworking machines. This is resulting in increased integration of automation technologies into traditional woodworking machines. In addition, these standalone automated machines are offering a greater level of flexibility in easily integrating with other monitoring systems and machinery within the woodworking industry via software. Manufacturers are continuously working on increasing the flexibility of their automated woodworking machinery to assist users during the complete lifecycle of developing wood products.  

The woodworking machinery industry is embracing smart manufacturing technology, with ongoing transformation and upgrade activities. A smart manufacturing environment needs to be dynamic, where machines operate with high-precision perception, and high modeling and cognition accuracy (in both outdoor and outdoor environments), and have access to efficient bar code planning, and unmanned capabilities for operation conversion processing. Recent technological advancements have also resulted in the development of computer numerical control (CNC) woodworking machines. These machines are computer controlled and capable of performing various woodworking operations with greater precision as compared to human craftsmen. In recent years, CNC has enabled in creating detailed and intricate three-dimensional woodworking projects without using hands. Another modern woodworking technology includes automated sawing machines, which offer the capability of cutting a piece of wood in various different cuts.