The global woodworking computerized numerical control (CNC) tools market is estimated to reach a valuation of USD 1,934.2 million in 2023. As per Future Market Insights, the sales of woodworking CNC tools are expected to reach USD 3,335.4 million by 2033. Based on the global market analysis report, the market is anticipated to progress at a CAGR of 5.6% through 2033.
Carpenters and artisans are the chief end-users of the CNC wood carving machine that helps them to enhance the level of work precision. Woodworking CNC tools now come with pre-programmed computer software. It is completely dedicated to woodworking CNC machines and equipment to improve productivity and quality.
Increasing adoption of woodworking tools by hobbyists owing to their top-notch blue-chip operational quality and excellent precision is favoring the market trends. Following this market players have come up with a category of best wood CNC machines for beginners in the market. Moreover, the growing adoption of small CNC machines for woodwork across residential and commercial sectors is also favoring emerging trends in the market.
| Global Woodworking CNC Tools Market Attributes | Details |
|---|---|
| Global Market Estimated Size in 2022 | USD 1,823.3 million |
| Global Market Projected Size in 2023 | USD 1,934.2 million |
| Global Market Estimated Size in 2033 | USD 3,335.4 million |
| Global Market Value-based CAGR (2023 to 2033) | 5.6% |
| Global Market Historical CAGR (2018 to 2022) | 5.4% |
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The net worth of the total woodworking CNC tools sold globally in the year 2017 stood at USD 1,400.8 million. Though the market advanced at a promising rate after that, the years 2020 and 2021 were particularly sluggish for the overall market.
The pandemic period presented challenging times for the CNC woodworking tools and equipment manufacturers, however, some businesses thrived through local demand. Based on FMI survey reports, the demand for woodworking CNC tools globally recorded an average CAGR of 5.4% between 2018 and 2022.
In comparison to the valuation of USD 1,720 million registered in 2021, it performed better in 2022 and concluded at USD 1,823.3 million. Going by this trend along with dropping CNC wood carving machine prices the sales are anticipated to accelerate by 1.51x between 2023 and 2033. Driven by this growth rate, the global demand for CNC machines for woodworking is expected to top USD 2.60 billion by 2028.
Urbanization creating deeper inroads, and governments in several countries are undertaking numerous initiatives to upgrade old infrastructures and construct new ones. For instance, the Indian Government announced allocating USD 1.89 billion for initiatives such as ‘Housing for All’ and ‘Smart Cities Mission’ in 2021.
As woodworking CNC tools are extensively used for wood carving so rise in construction activities is projected to create lucrative growth opportunities. Hence, increasing sales of wooden furniture and rising rehabilitation activities across developing economies are spurring the demand.
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Continuously depleting sources of logs and timber have escalated the price of raw wood around the world. A rise in concerns regarding environmental sustainability is compelling governments worldwide. To implement regulations and laws regarding the commercialization of wood products. Furthermore, the government of the United States has implemented several laws to protect forest wood and lower deforestation.
The absence of sufficient manpower with skills to operate CNC routers for woodworking is a notable challenge faced by CNC wood router manufacturers. Also, high initial procurement and maintenance costs of woodworking CNC tools are other factors impacting the growth in the market.
Based on the broad geographical division, the North American market accounted for 21.7% of the woodworking CNC tools sales in 2022. The United States is estimated to dominate the North American woodworking CNC machine market over the forecast period.
In the year 2022, the sales of woodworking CNC tools in the United States were valued at around USD 269.84 million. The United States also leads the global market by contributing almost 14.8% of the total revenue generated globally on average. However, the demand for woodworking CNC tools in Canada is projected to advance at a higher rate.
The trend of automation continues to create deeper inroads across the industrial sector. Several woodworking players are adopting advanced and innovative high-precision equipment. CNC 3D wood carving machines effectively enhance product quality, thereby the demand has increased in both countries. Also, particularly, the sales of CNC bits for woods in the country are expected to remain higher during the forecast years.
Further, the growing demand for luxury furniture items in the United States is projected to boost sales in the country. Citing these trends, end users in the country are using CNC woodworking tools for new designs to reduce errors and operational costs.
| Regional Markets | Global Market Share in Percentage |
|---|---|
| United States | 14.8% |
| Germany | 6.5% |
| Japan | 4.5% |
| Australia | 2.4% |
As per FMI, sales of CNC tools in the Europe market accounted for more than 24% of the global market share in 2022. Germany is the prime market here for the production and supply of woodworking CNC tools. The country contributed nearly 6.5% of the global revenue in 2022.
Significant investments in research and advancement of conventional CNC machines are projected to create opportunities for market players. For instance, Bosch, a German multinational engineering company launched its new CNC flagship product for woodworking, the Biturbo Saws recently. It cordless saw with a substantial cutting depth in its class of 70 millimeters providing high-performance cutting for any wood type.
A slew of product launches enabled with ProCore18V batteries is also projected to augment the sales of wood CNC machines in Germany. The United Kingdom is anticipated to emerge as a lucrative market in Europe for the best CNC machine for woodworking over the forecast period. The introduction of high-precision tools across the woodworking sector was driven by the surging demand for luxury furniture items.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 4.1% |
| China | 6.8% |
| India | 7.2% |
Sales of woodworking CNC tools in the Asia Pacific countries together held nearly 47.3% of the global market share in 2022. As per FMI, China accounts for a lion’s share in East Asia as well as the Asia Pacific market. The growing establishment of luxury commercial spaces is bolstering the demand for wooden artifacts, sculptures, and other wooden works.
India is another country growing remarkably in sales of woodworking CNC tools in recent years, exhibiting a higher growth rate than other countries.
Sales of high-precision woodworking equipment such as wood carving machines, engraving tools, router bits, and insert knives in India are propelling the sales. In addition to this, growing government investment in strengthening small-scale industrial sectors is anticipated to further boost the market.
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Based on different types of tools, woodworking CNC cutters constitute the dominant segment of the market. Router bits are becoming more and more popular. Particularly the 1/2" segment, for their higher usage in DIY projects and industries as well. Also, increasing demand for these CNC bits for wood due to their uniformity, smooth finish, flexibility, and robustness could further strengthen the segment.
| Category | By Tool Type |
|---|---|
| Top Segment | Cutters |
| Market Share in Percentage | 49% |
| Category | By Wood Type |
|---|---|
| Top Segment | Plywood |
| Market Share in Percentage | 12.2% |
In terms of wood type, the plywood segment is figured out to account for 12.2% of the total CNC woodworking machine market. However, the use of medium-density fiberboard for furniture making is getting widely popular. So it is anticipated to grow at a higher rate for the woodworking CNC tools market as well.
Expanding the Product Portfolio with Advanced Technology to Give a Competitive Edge
Leading players operating in the global market are launching novel high-performance equipment to strengthen their product portfolio and gain a competitive edge. For instance, in December 2018, Robert Bosch, a leading woodworking CNC tools manufacturer announced launching its new Bosch 18-volt cordless straight grinder.
This advanced CNC wood router machine has been specially designed for high-precision milling applications. With high operating comfort and an integrated Bluetooth module. It has assisted the Robert Bosh Company to strengthen its footprint in the market for industrial CNC router tables.
The new market competitors that have entered the industry are fiercely competing for customers in the worldwide market for woodworking machines. So, existing players are adopting technologies like IIoT. Moreover, they are concentrating on creating advanced industrial CNC woodworking machines with digitization tools.
Due to the very high demand for wood furniture in nations like China and India, among others, the Asia Pacific is anticipated to emerge as a lucrative market. Europe is anticipated to have considerable growth from 2023 to 2033. Due to the growing demand for high-end furnishings and 3D wood designs.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; South America; Europe; Asia Pacific; The Middle East & Africa |
| Key Countries Covered | The United States, Canada, Germany, the United Kingdom, France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, South Africa |
| Key Segments Covered | By Tool Type, By Wood Type, By Operation, By Application, and By Region |
| Key Companies Profiled | 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.; Yash Tooling System; Snap-on Incorporated; Emerson Electric Co.; Festool GmbH; KYOCERA Corporation; Makita Corporation; Koki Holdings Co., Ltd.; Ferm International B.V.; Delta Power Equipment Corporation; Panasonic Corporation; Techtronic Industries Co. Ltd.; Husqvarna AB; Hilti AG |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The woodworking CNC tools market is slated to attain USD 3,335.4 million by 2033.
The market recorded a historical growth of 5.4%.
Surging deployment of cutting-edge precision engineering and increasing demand for safe working environment.
Altendorf GmbH, Atlas Copco AB, and Vortex Tool Company Inc. are the top market players.
Key players are expanding their operations in countries where wood furniture is in high demand.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tool Type 5.1. Router Bits 5.1.1. 1/2" 5.1.2. 1/4" 5.1.3. 3/8" 5.1.4. 3/4" 5.1.5. 5/8" 5.1.6. 5/16" 5.2. Insert Knives 5.2.1. Less than 0.3" 5.2.2. 0.3-0.4" 5.2.3. 0.4-0.5" 5.2.4. 0.5-0.6" 5.2.5. More than 0.6" 5.3. Engraving Tools 5.4. Cutters 5.4.1. Single Flute Cutters 5.4.2. Finger Joint Cutter 5.4.3. Grooving Cutting 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Wood Type 6.1. Plywood 6.2. Chipboard 6.3. Medium Density Fiberboard 6.4. High Density Fiberboard 6.5. Hardwood 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operation 7.1. Milling 7.2. Drilling 7.3. Cutting 7.4. Profiling 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Altendorf GmbH 16.2. Vortex Tool Company Inc. 16.3. GDP|GUHDO 16.4. Ridgid 16.5. DeWalt 16.6. Rockler Companies, Inc. 16.7. Robert Bosch 16.8. Kreg Tool Company 16.9. Shanghai AMC Int'l Trading Co., Ltd. 16.10. FEIN Power Tools Inc. 16.11. Hida Tool 16.12. Yash Tooling System 17. Assumptions & Acronyms Used 18. Research Methodology
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Woodworking CNC Tools Market
