Global Woodworking Machines Market 2024-2028
The woodworking machines market is forecasted to grow by USD 1.32 bn during 2023-2028, accelerating at a CAGR of 4.74% during the forecast period. The report on the woodworking machines market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of automated woodworking machines, growing demand for wooden furniture, and rising construction of residential and commercial buildings.
Technavio's woodworking machines market is segmented as below:
By Application
- Furniture
- Construction
- Shipbuilding
By Distribution Channel
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the rising adoption of IoT in woodworking machines as one of the prime reasons driving the woodworking machines market growth during the next few years. Also, growth in modular and panelized constructions and integration of robots with woodworking machines will lead to sizable demand in the market.
The report on the woodworking machines market covers the following areas:
- Woodworking machines market sizing
- Woodworking machines market forecast
- Woodworking machines market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading woodworking machines market vendors that include A L Dalton Ltd., Akhurst Machinery Ltd., Biesse Group, Chuanhuan Enterprise Co. Ltd., Durr AG, Grizzly Industrial Inc., HOLYTEK INDUSTRIAL CORP, IMA Schelling Group GmbH, JPW Industries Inc., Masterwood Spa, Michael Weinig AG, Nihar industries, Oliver Machinery Co., Otto Martin Maschinenbau GmbH and Co. KG, Robland Ltd., RS wood SRL, Salvador Srl, SCM GROUP Spa, Socomec, and Zhengzhou Leabon Machinery Equipment Co. Ltd.. Also, the woodworking machines market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.