Global Woodworking Machinery Market Report 2022 – Market Forecast, Trends And Strategies

The global woodworking machinery market size is expected to grow from $25.46 billion in 2021 to $28.25 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The global woodworking machinery market size is expected to grow to $40.98 billion in 2026 at a CAGR of 9.7%.

What is the Global Woodworking Machinery Market?

The woodworking machinery market consists of sales of woodworking machines by entities (organizations, sole traders, and partnerships) that convert raw wood materials into structural products including plywood, boards, and beams for use in construction, shipbuilding, furniture, and others. Woodworking machines are particularly built machinery that is used in workshops to cut, saw, plane, or drill wood for furniture making. These machines are primarily powered by electric motors or are mechanical and are widely used in woodworking to provide fine dimensions and shapes.

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What drives the Global Woodworking Machinery Market?

The increasing adoption of the automated woodworking machinery market is expected to propel the growth of the woodworking machinery global market in the forecast period. The growing emphasis in the industry on assuring flexibility and highly customized goods has resulted in a greater demand for highly specialized woodworking machinery in the manufacturing process. Therefore, the increasing adoption of automated woodworking machinery drives the growth of the woodworking machinery market.

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Global Woodworking Machinery Market Segments
The global woodworking machinery market is segmented:
By Product Type: Thickness Planer, Grinding Machines, Chain or Chisel Mortise, Routers, Wood Lathes, Others
By Operating Principal: Electrical, Mechanical
By Sales Channel: Online, Offline
By End-User: Furniture Industry, Construction Industry, Others
By Geography: The regions covered in the woodworking machinery global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Woodworking Machinery Global Market Report 2022provides market size and growth forecasts for the global woodworking machinery market, global woodworking machinery market share, woodworking machinery global market segments and geographies, woodworking machinery market competitive landscape including leading competitors’ revenues, profiles and market shares. The woodworking machinery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Woodworking Machinery Industry Playersinclude SCM Group, HOMAG Group, Paolino Bacci, Biesse Group, Michael Weinig AG, Otto Martin Maschinenbau GmbH & Co. KG, Oliver Machinery Co, Holytek Industrial Corp, IMA Schelling Group GmbH, and KTCC Woodworking Machinery. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.