Woodworking Machinery Market Size - By Type (Lathe, Planer, Saw, Grinding Machines), By Application (Furniture, Construction), Growth Drivers, Regional Insights & Forecast, 2023 - 2032

Woodworking Machinery Market Size - By Type (Lathe, Planer, Saw, Grinding Machines), By Application (Furniture, Construction), Growth Drivers, Regional Insights & Forecast, 2023 - 2032

Global Woodworking Machinery Market size is poised to record more than 4.5% CAGR from 2023-2032, driven by surging usage for minimizing waste and maximizing the material efficiency.

The deployment of robotics and automated material handling systems is increasing in woodworking applications to transport materials, load and unload machines as well as perform repetitive tasks with precision. For instance, in February 2021, DMT Holdings-owned woodworking machinery producer General International launched its first-ever batch of newly designed machines by integrating automated technology. The rising emphasis by manufacturers on adopting eco-friendly practices, such as sustainable materials, reduced waste, and energy-efficient machinery will also prove favorable for the market growth.

The overall woodworking machinery industry is segmented based on type, application, and region.

In terms of type, the industry size from the saw segment may record appreciable CAGR from 2023-2032 owing to the increasing necessity for cutting, shaping, as well as sizing wood and wood-based materials. The growing innovations in panel saws, rip saws, crosscut saws, table saws and milter saws among others will also accelerate the market growth. For instance, HOMAG India, in July 2023, launched SAWTEQ O-100, is newest panel dividing saws for cutting single panels & small batches to address the growing end-user demands.

On the basis of application, the woodworking machinery market value from the construction segment is expected to expand up to 2032. The growth can be attributed to the growing usage of woodworking machinery to efficiently process and shape wood materials in construction activities. With the rising number of restoration and renovation projects, there is pressing need to replicate historic architectural elements as well as fixtures to match the original design. The growing attention to flooring and paneling will also add to the product adoption.

Regionally, the North America woodworking machinery industry size is projected to accrue notable traction through 2032. The rising integration of computer numerical control (CNC), automation, and digitalization in the region is leading to improved precision, efficiency, and quality of woodworking processes. The surging emphasis on sustainability has compelled several companies to deploy eco-friendly practices. The growing consumer preference for energy-efficient machinery eco-conscious products due to the increasing environmental regulations along with the fast-growing digital marketing and e-commerce sectors will also drive the regional market growth.