Panel Saw Market

Global Panel Saw Market Outlook for 2024 to 2034

The panel saw market is estimated to be valued at USD 2,488.2 million in 2024. The demand for panel saw is predicted to rise at a CAGR of 2.5% from 2024 to 2034. The global panel saw market is anticipated to reach USD 3,247.8 million by 2034.

Panel Saw Market Trends

• The Internet of Things and the integration of smart wood-cutting software have caused a greater attraction to CNC panel saws.
• The demand for specialized sliding table saws for accurate cuts is expected to boom as woodcraft industries develop and thrive.
• Wood panel cutting tools provide the ability for precise cutting, which helps the woodworking sector reduce wastage.

Report Attribute	Details
Panel Saw Market Size (2024)	USD 2,488.2 million
Anticipated Market Value (2034)	USD 3,247.8 million
Market Projected Growth Rate (2024 to 2034)	2.5%

Global Panel Saw Market Analysis During Historical Period Compared to Forecast Outlook

Sales of panel saws generated a revenue of around USD 2,180.4 million in 2019. During the period from 2019 to 2023, the global demand for panel saws registered a CAGR of 2.7%. In 2023, the overall market was valued at around USD 2,425.6 million.

Attributes	Details
Panel Saw Market Size (2019)	USD 2,180.4 million
Historical Market Size (2023)	USD 2,425.6 million
Historical CAGR (2019 to 2023)	2.7%

Factors Driving the Growth of the Panel Saw Market

Carpentry industries across all economies are putting more focus on productivity and efficiency in their manufacturing processes to maximize the margin of profit. Moreover, furniture-making companies prefer multi-blade panel saws to optimize industrial processes, shorten production times, and boost overall efficiency.

Demand for industrial panel saws is rising to meet the need for precision and excellent quality, incorporating features like laser-guided cutting and computerized measurement systems. Computerized panel saws have also become necessary for high-end woodworking, such as creating personalized furniture, architectural wood carvings, and other woodcraft works.

The adoption of automated panel saws has also been triggered by the woodworking industry's use of IoT technologies and smart manufacturing solutions to some extent. Woodworking panel saws with remote monitoring capabilities can also provide predictive maintenance and real-time data analytics, which improves their usability and attracts tech-savvy enterprises.

Country-wise Insights

The table below represents the expected growth rates of the panel saw market in the United States, the United Kingdom, China, and India. Asian countries are expected to rally ahead in terms of growth in year-over-year sales, while Western countries are observed to be leading in sales value.

Countries	CAGR (2024 to 2034)
United States	2.1%
China	3%
United Kingdom	2.1%
India	3.2%

Panel Software Innovations to Drive in the United States Market

The leading position of the United States is mostly attributed to the presence of giant market players. Sale of panel saws are expected to rise at a 2.1% CAGR through 2034.

The panel saw market in the United States has been largely impacted by the growing use of Industry 4.0, or automation using intelligent machines. Also, the presence of software developers in the country is driving the market, leading to the adoption of advanced cutting-edge panel saw software solutions.

The United Kingdom is Leading the European Panel Saw Market

The United Kingdom is expected to be a forerunner in Europe for advancements of its panel saw machine manufacturing industries. The market is expected to record a CAGR of 2.1% through 2034.

As the industrial sector is becoming more conscious of sustainability, efficient engineering technologies are being implemented more frequently in most European countries. So, the export of wood and plywood cutting machines all over Europe is anticipated to strengthen the United Kingdom panel saw industry demand.

Growing Demand for Semi-automatic Panel Saws in China

With an extensive manufacturing base for heavy industrial equipment, China is expected to increase its panel saw production at a CAGR of 3% till 2034.

A growing trend toward ready-to-assemble furniture, driven by urbanization and changing customer lifestyles, has surged the demand for laminated board saws in the country. Also, the rising demand for semi-automatic panel saws from neighboring Asian nations could expand and diversify the regional market further.

Evolving Dynamics of the Panel Saw Industry with Government’s Support in India

The market for panel saws in India is predicted to grow at a CAGR of 3.2% through 2034.

The Indian government is taking several initiatives stressing the use of efficient production methods to boost its small and medium-scale enterprises, including the carpentry industry. In addition, the rapidly expanding heavy equipment manufacturing industries in the country are anticipated to boost the supply of automated CNC panel saws for productivity.

Category-wise Insights

Higher Preference for Horizontal Panel Saws by Carpenters

The demand for horizontal panel saws held 27% of the overall market share in 2023, making it the leading segment by product type.

Attributes	Details
Top Product Type	Horizontal Panel Saw
Market Share in 2023	27%

Traditionally, carpenters adopt woodworking machines, including panel saws that are designed to hold wood in a horizontal position as it is comfortable during manual work. However, advanced technology that enables vertical panel saws to expedite the wood-cutting processes and cut labor expenses in recent years.

Panel Saws Find Wide Application in Carpentry

Carpentry finds wide application of panel saws, which contributed to 23% of the total demand in 2023.

Attributes	Details
Top End Use	Carpentry
Market Share in 2023	23%

This segment is expected to retain its dominance over the projected years as panel saws in carpentry are essential to produce flat-pack and modular furniture.

Competitive Landscape

The global panel saw market is relatively consolidated as most of the leading players, with higher investment capacity and extensive distribution channels, hold a significant share of the market. Nowadays, to offer innovative and smart control features and technologies, emerging precision panel cutter companies are spending heavily on research and development activities.

Recent Developments in the Global Panel Saw Market

• In November 2022, Woodtech unveiled its TruCut CNC Automated Panel Saw Fence at the International Woodworking Fair (IWF) in Atlanta. All contemporary panels or table saws can be retrofitted with TruCut, which is basically a software-driven cutting optimization and automation system. The operator can handle any cutting complexity by the touch screen control with a clear interface design. Even in situations where the user is not directly in front of the device, the clear interface design is readily apparent. This makes the procedure easy to understand and follow, ultimately resulting in enhanced cutting productivity, efficiency, and environmental protection while also lowering costs.
• In September 2022, Wood-Mizer released its new MS300 table saw, including a sliding table to improve cutting accuracy and high precision woodworking. It has a large sliding feed table and a cast iron work table to produce a wide range of wood products, including furniture parts, floor panels, slats, boards, and interior finishing. According to the manufacturer, a robust cast iron foundation and steel ball bearings to support the sliding table provide for better vibration damping and stability. To facilitate cutting bigger materials, the MS300 table saw model may also be fitted with an additional 900 x 440 mm worktable extension.

Key Players Profiled in the Panel Saw Market Report

• Wilhelm Altendorf GmbH & Co. KG
• SCM Group S.p.A
• FELDER GROUP
• Otto Martin Maschinenbau GmbH & Co. KG
• Griggio s.r.l.
• Casadei Busellato
• Robland NV
• Baileigh Industrial, Inc
• Woodworking Machine-Oliver Machinery Co
• SAWSTOP
• American Machine Works
• Glory Industrial Machinery And Equipment Co., Ltd
• OAV Equipment and Tools, Inc.
• Joway Machinery Co., Ltd.
• Griggio
• HOLZMAN
• DELTA
• BAIEEIGH
• Rexon
• Yuetong Woodworking Machine
• Nanxing

Panel Saw Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 2,488.2 million
Projected Market Size (2034)	USD 3,247.8 million
Anticipated Growth Rate (2024 to 2034)	2.5%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Product Type, By Material, By Packaging Format, By End Use, and By Region
Key Companies Profiled	Wilhelm Altendorf GmbH & Co. KG; SCM Group S.p.A; FELDER GROUP; Otto Martin Maschinenbau GmbH & Co. KG; Griggio s.r.l.; Casadei Busellato; Robland NV; Baileigh Industrial, Inc; Woodworking Machine-Oliver Machinery Co; SAWSTOP; American Machine Works; Glory Industrial Machinery And Equipment Co., Ltd; OAV Equipment and Tools, Inc.; Joway Machinery Co., Ltd.; Griggio; HOLZMAN; DELTA; BAIEEIGH; Rexon; Yuetong Woodworking Machine; Nanxing
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Segments Covered by Panel Saw Industry Survey Report

By Type:

• Electronic Panel Saw
• Reciprocating Panel Saw
• Sliding Table Saw

By Application:

• Panel Furniture
• Wood Based Panel
• Wooden Door & Floor Board
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Frequently Asked Questions

What is the Projected Growth Rate of the Global Panel Saw Market?

The global panel saw market is likely to grow at a 2.5% CAGR through 2034.

How Big will the Global Panel Saw Market Be by 2034?

The global panel saw market is expected to be valued at USD 3,247.8 million by 2034.

Who are the Leading Players in the Global Panel Saw Market?

Wilhelm, SCM, and Felder are the top suppliers of panel saws globally.

Which Region has a Higher Demand for Panel Saws?

Europe accounts for nearly 25% of the revenue share of the global panel saw market.

Which Country has the Highest Growth Potential in the Market?

The market in India is likely to witness a CAGR of 2.5% through 2034.