Woodworking Machinery Market to Increase Gradually with a CAGR of 4.9% with Market Valuation Reaching USD 6.80 Billion by 2030, Wooden Houses Usage of Prefabricated is Set to Create Market Growth Opportunities

The global woodworking machinery market size is estimated to display strong growth by reaching USD 6.80 billion by 2030, exhibiting a CAGR of 4.9% during the forecast period. Fortune Business Insights™ in its report titled “Woodworking Machinery Market Size, Share, & COVID-19 Impact Analysis, By Type (Lathe, Planer, Saw, and Others (Radial Drills, Grinder, Jointer, Sanders)), By Application (Furniture, Construction, and Others (Shipbuilding)), and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 4.72 billion and is expected to reach USD 4.86 billion in 2023. Woodworking machines are flexible for the users in the entire production lifecycle of wood products. Usage of prefabricated wooden houses is driving the market growth. The machines have been gaining popularity across the U.S., Italy, Austria, France, and other countries. The rising consumer disposable income across Brazil, Mexico, India, and China supports market growth.  

Dürr Group Launched iPackage For Small And Medium Sized Companies 

In May 2019, Dürr Group’s woodworking machinery and system division (HOMAG Group) launched a new iPackage by offering bundled service packages for small to medium-sized companies specializing in one-shift operations. The new product launches by the market players have been driving the market pathway for opportunities.    

Pandemic Led To The Imposition Of Various Restrictions Which Led To Interruptions In The Supply Chain

The COVID-19 pandemic has significantly created interruptions in the supply chain, border closings, and increased border controls, decline in domestic and foreign demand, and retail closings. Moreover, Acimall stated that the first quarter of 2020 witnessed a reduction in machinery orders with decrease across every emerging and established international markets. The U.K. timber importers halted orders due to supply chain disruption. Owing to this, the timber and wood trading market is at the lowest level in European countries. However, wood, timber institutions, and government actions to support the industry will be critical in the future ahead.

Utilization Of Prefabricated Wooden Houses To Drive Market Growth

Utilization of prefabricated wooden houses is predicted to drive the woodworking machinery market growth. The use of prefabricated wooden houses as they are made of timber which exhume less carbon emissions complying with energy-efficient regulations. Considering this point, various manufacturers across Germany, the U.S., the U.K., and Finland have been offering bungalows, and garages. India is witnessing strong economic development in the construction industry, helping in the market growth.

However, health hazards such as exposure to unguarded machinery, wood dust, noise, toxic finishes, and non-ergonomic handling have been negatively impacting the health of the workers. These factors are set to hamper the market growth.  

Market Players Have Been Adopting New Technologies In Their Product Portfolio

Key market players such as Biesse Group, HOLYTEK INDUSTRIAL CORP., IMA Schelling Group GmbH, SCM Group, Dürr Group, Gongyou Group Co., Ltd., and Oliver Machinery Company have been adopting various technologies related to digitization, Industry 4.0, and Industrial Internet of Things (IIoT) for customized end-user demands. Dürr Group has adopted digital transformation, Industry 4.0, and IIoT platform-based smart analytics software for smart factory processes.

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Notable Industry Development

• September 2021: Biesse partnered with KIET Group of Institutions in Ghaziabad to establish ‘the Centre for Advanced Woodworking’ to offer essential training and foster the development of essential skills among aspiring professionals and entrepreneurs in the woodworking industry.

List of Key Companies Profiled in the Report:

• Biesse Group (Italy)


• HOLYTEK INDUSTRIAL CORP. (Taiwan)


• SCM Group (Italy)


•  Dürr Group (Germany)


• Gongyou Group Co., Ltd. (China)


• IMA Schelling Group GmbH (Germany)


•  Michael Weinig AG (Germany)


• CKM (Taiwan)


• Cantek America Inc. (U.S.)


• KTCC WOODWORKING MACHINERY (Taiwan)


• Oliver Machinery Company (U.S.)


• RS WOOD S.R.L. (Italy)


• SOCOMEC S.R.L. (Italy)


• Solidea Srl (Italy)


• Nihar Industries (India)


• Zhengzhou Leabon Machinery (China)


• SOSN (China)


• A L Dalton Ltd. (U.K.)

Further Report Findings

• Europe dominated the woodworking machinery market share due to the presence of established woodworking machine manufacturers. The presence is in various countries such as Italy, Germany, and the U.K. The market stood at USD 1.92 billion in 2022 with strong manufacturing facilities and export businesses of SCM Group, Dürr Group, and SOCOMC S.R.L. in Germany.


• Asia Pacific is expected to have highest CAGR during the forecast period due to growing population rate, households, consumer needs, and consumption of forest products by end-users. Moreover, India, China, and other Southeast countries are initiating policies to boost the market for small and mid-sized manufacturers.

Table of Segmentation