The global woodworking computerized numerical control (CNC) tools market is estimated to reach a valuation of USD 1,934.2 million in 2022. Increasing adoption of these tools by carpenters and hobbyists owing to their top-notch blue-chip operational quality and excellent precision is favoring the growth in the market.
NEWARK, DE / ACCESSWIRE / December 10, 2024 / The global woodworking CNC tools market is experiencing robust growth, driven by the increasing demand for precision and automation in woodworking processes. Carpenters and artisans, the primary end-users of these tools, leverage CNC wood carving machines to enhance work accuracy and efficiency. Equipped with pre-programmed computer software, woodworking CNC tools deliver superior productivity and quality, revolutionizing the woodworking industry.
Woodworking CNC tools are no longer confined to industrial applications; hobbyists are increasingly adopting these tools due to their exceptional operational quality and precision. As a result, manufacturers are introducing beginner-friendly wood CNC machines to cater to this burgeoning market segment. Furthermore, small CNC machines are witnessing growing adoption in both residential and commercial sectors, aligning with emerging market trends.
With the rise in global construction activities and the growing sales of wooden furniture, the demand for CNC tools is on an upward trajectory. Rehabilitation activities in developing economies further amplify this growth, as consumers seek high-quality wooden furniture with intricate designs.
The woodworking CNC tools market size was valued at USD 1,934.2 million in 2023 and is projected to reach USD 3,335.4 million by 2033, growing at a CAGR of 5.6% during the forecast period.
What are the Factors Hindering the Growth in the Woodworking CNC Tools Market?
Rising concerns regarding environmental sustainability are compelling governments worldwide to implement regulations and laws regarding deforestation.
For instance, the Government of the U.S. has implemented laws such as the Wilderness Act, the Endangered Species Act, and the Lacey Act to protect the forest wood and lower the deforestation in the country. Thus, decreasing output of wood is hampering the sales of woodworking tools.
Also, high initial procurement and maintenance costs of woodworking CNC tools are other factors impacting the growth in the market.
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Key Takeaways from the Woodworking CNC Tools Market Study Report
The use of all types of CNC woodworking machines is rampant in the United States as it contributes 14.8% to the global market alone. The United States market is anticipated to grow through 2033 supported by an increase in the use of timber in the building sector.
Throughout the projection period, Germany is anticipated to have the commanding market share for woodworking CNC tools in Europe. This might be attributed to the country's long-standing makers of CNC tools acquiring a total share of 6.5% in the global market.
FMI estimates that Asia Pacific countries together accounted for 47.3% of the total revenue generated by sales of woodworking CNC tools back in 2022. China is the leading market for the supply of woodworking CNC tools in Asia Pacific and is poised to advance at 6.8% CAGR through 2033.
China is followed by Japan market in the production of woodworking CNC tools which was valued at US$ 82 million in 2022. Meanwhile, the sales of woodworking CNC tools in Australia generated a revenue of around US$ 43.75 million in that year.
India is estimated to present some key opportunities for regional as well as global players by expanding at a CAGR of 7.2% through 2033.
Among different types of tools, the woodworking CNC cutter segment dominates the market which held 49% of the revenue share in 2022.
"Woodworking CNC tools are revolutionizing the woodworking industry with their precision and efficiency. The integration of automation and CNC technology positions the market for sustained growth, driven by rising construction activities and consumer demand for customized wooden furniture." opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI)
Key Factors Shaping Market Dynamics
The adoption of woodworking CNC tools is influenced by advancements in automation, rising consumer preference for precise engineering, and the growing popularity of prefabricated wooden houses.
The Growing Trend of Automation May Augment Demand
Automation is transforming the woodworking industry by enhancing efficiency and reducing manual intervention. CNC woodworking tools integrate cutting-edge software to automate intricate tasks, enabling high levels of customization and precision.
The rising trend of Industry 4.0 and smart manufacturing processes further accelerates the adoption of CNC tools. Automated woodworking solutions reduce material wastage, lower operational costs, and improve overall productivity, making them an attractive choice for carpenters and manufacturers alike.
Woodworking Router Bits with CNC Technology Hints at Higher Growth Opportunities
CNC woodworking router bits, equipped with advanced features, are emerging as a significant growth driver in the market. These tools facilitate intricate wood carving and shaping, catering to the rising demand for customized furniture and wooden decking decor.
The introduction of durable and efficient router bits designed for CNC applications enhances operational efficiency and supports high-volume production. This innovation aligns with market demands for precision-engineered wood products.
How Manufacturers Can Scale Their Businesses
Manufacturers can capitalize on the growing demand by investing in research and development to innovate high-performance CNC tools. Introducing cost-effective solutions for small-scale users, including hobbyists and small businesses, can expand their customer base.
Strategic partnerships and collaborations with construction and furniture industries can further bolster market reach. Additionally, leveraging digital platforms for marketing and customer engagement ensures visibility in a competitive landscape.
Country-wise Analysis
Why the Germany Woodworking CNC is tools Market Exhibiting High Demand?
"Launch of Advanced Products in Germany Bolster the Wood CNC Machine Sales"
Germany is anticipated to emerge as a lucrative market in the Europe woodworking CNC tools market over the forecast period. As per FMI, sales in the Europe market are projected to account for more than 24.5% of the total market share in 2022.
Surging adoption of high precision tools across the woodworking sector driven by the growing demand for luxury furniture items is expected to create growth opportunities for market players in Germany.
For instance, Bosch, a German multinational engineering company launched its new CNC flagship products for woodworking, the Biturbo Saws, with the largest cutting depth in its class of 70 millimeters.
These are cordless saws are enabled with ProCore18V batteries, providing high-performance cutting for any wood type. A slew of such product launches is estimated to augment the sales of wood CNC machines in Germany.
Why is the ChinaWoodworking CNC Tools Market Considered Lucrative?
"Growing Demand for Wooden Artifacts to Elevate the Sales of CNC Wood Carving Machine"
As per FMI, China is expected to account for a lion's share in the East Asia woodworking CNC tools market. Sales in the Asia Pacific are projected to hold nearly 47.3% in the global woodworking CNC tools market in 2022.
Rapidly expansion of the commercial sector and increasing establishment of luxury hotels, restaurants, inns, and corporate offices are bolstering the demand for wooden artifacts, sculptures, wooden tables, and other wooden pieces in the country.
In addition to this, growing government investment across the commercial sector is anticipated to further elevate the sales of high-precision woodworking equipment such as wood carving machines, engraving tools, router bits, and insert knives in the China market.
What are the Factor Driving the U.S. Woodworking CNC Tools Market?
"Growing Trend of Automation Will Augment the Demand for CNC Woodworking Tools"
The U.S. is estimated to dominate the North America woodworking CNC tools market over the forecast period, as per the report.
As the trend of automation continues to create deeper inroads across the industrial sector, several woodworking players are adopting advanced and innovative high-precision equipment.
Citing these trends, players are using CNC woodworking tools for various applications such as drilling, cutting, milling to reduce errors and operational costs. These tools effectively enhance the product quality, thereby driving sales in the country.
Regional Markets |
CAGR (2023 to 2033) |
United Kingdom |
4.1% |
China |
6.8% |
India |
7.2% |
Category-wise Insights
Why is the Demand for Router Bits Surging in the Woodworking CNC Tools Market?
"Increasing Woodworking Applications Will Accelerate the Sale of CNC Wood Router Machine"
In terms of tool type, sales in the router bits segment are projected to remain high over the forecast period.
Increasing usage of router bits for various woodworking applications such as milling and edge trimming to prevent re-wielding across carpentry shops, shipbuilding, and furniture making centers is boosting the CNC wood router machine sales.
Furthermore, the cutter segment is estimated to account for a significant share in the market, on the back of growing applications for cutting, profiling, and slotting.
Which Type of Wood is Most Preferred?
"Increasing Usage of MFD Wood in Diverse Application to FavorWoodworking CNC Tools Demand"
In terms of wood type, the MDF wood segment is anticipated to account for over 1/3rd of the overall sales in the global woodworking CNC tools market through 2028.
Growing adoption of MFD wood for applications such as wooden floor making, cabinetry making, and furniture making, owing to its benefits such as smooth finish, strength, consistency, and machinability is favoring the growth in the segment.
Why are theWoodworking CNC Tools Gaining Popularity Across the Cutting Segment?
"Growing Demand for Advanced Equipment for Cutting to Propel Wood CNC Cutting Tools Sales"
Based on operation, the cutting and milling segments are projected to collectively account for the highest woodworking CNC tools sales in the global market over the assessment period.
Surging demand for advanced woodworking CNC tools for high precision cutting across the carpentry, construction, and shipbuilding is boosting sales in this segment. Also, increasing sales of wooden items such as doors, decorative accessories, cabinets, and ship planks is expected to augment the growth in the market.
Increasing Adoption of Precise Engineering to Aid Market Growth
CNC tools enable precise engineering, crucial for intricate wood designs and high-quality finishes. This precision drives their adoption across industries, including furniture, construction, and decorative woodworking.
Advancements in CNC technology enhance tool efficiency, supporting manufacturers in meeting the growing demand for high-quality wooden products.
Key Market Players
Leading companies shaping the woodworking CNC tools market include:
Altendorf GmbH
Atlas Copco AB
Vortex Tool Company Inc.
Apex Tool Group, LLC
GDP | GUHDO Pvt Ltd.
DeWalt Industrial Tools Co.
Rockler Companies, Inc.
Robert Bosch GmbH
Kreg Tool Company
Shanghai AMC Int'l Trading Co., Ltd.
C. & E. FEIN Power Tools Inc.
Hida Tool
Stanley Black & Decker, Inc.
Growing Demand for Engineered Wood to Favor Furniture Segment
The demand for engineered wood in furniture manufacturing is surging, supported by its durability and aesthetic appeal. CNC tools play a vital role in crafting engineered wood furniture with precision and intricate designs.
Manufacturers are leveraging CNC technology to produce eco-friendly furniture solutions, aligning with global sustainability goals and consumer preferences.
Regional Analysis
The woodworking CNC tools market is projected to grow significantly across all major regions:
North America: High-tech adoption and preference for bespoke furniture.
Latin America: Growing construction and rehabilitation projects.
East Asia: Manufacturing hub for global exports.
South Asia & Pacific: Urbanization and rising disposable income levels.
Western Europe: Strong demand for precision-engineered furniture.
Eastern Europe: Increasing renovation activities.
Middle East & Africa: Preference for prefabricated structures.
Key Segments Covered by Woodworking CNC Tools Industry Survey Report
By Tool Type:
-
Router Bits
1/2"
1/4"
3/8"
3/4"
5/8"
5/16"
-
Insert Knives
Less than 0.3"
0.3" to 0.4"
0.4" to 0.5"
0.5" to 0.6"
More than 0.6"
Engraving Tools
-
Cutters
Single Flute Cutters
Finger Joint Cutter
Grooving Cutter
Other Tool Types
By Wood Type:
Plywood
Chipboard
Medium Density Fiberboard (MDF)
High-density Fiberboard (HDF)
Hardwood
Other Wood Types
By Operation:
Milling
Drilling
Cutting
Profiling
By Application:
Woodworking Shop
Construction
Other Applications
By Region:
North America Market
South America Market
Europe Market
East Asia Market
South Asia & Pacific Market
The Middle East & Africa Market
Author By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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