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Woodworking Machinery Market Size, Share & COVID-19 Impact Analysis, By Type (Lathe, Planer, Saw, and Others), By Application (Furniture, Construction, Others), and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI105106



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The global woodworking machinery market size was USD 4.53 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with the woodworking machinery witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of -0.4% in 2020. The market is projected to grow from USD 4.62 billion in 2021 to USD 6.05 billion in 2028 at a CAGR of 3.9% during the 2021-2028 period. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Woodworking machinery processes the raw wood materials into several products such as beams, plywood, and boards for structural applications across furniture, shipbuilding, and others. The increasing adoption of automated woodworking machines and precise engineering in manufacturing processes is expected to drive market growth. These machines are flexible for the users in the entire production lifecycle of wood products.

Usage of prefabricated wooden houses is a growing trend in the market. Manufacturers across the countries are majorly emphasizing cross-laminated timber (CLT) to develop wooden houses. It is gaining popularity across the U.S., Italy, Austria, France, and other countries. Additionally, the changing lifestyle, coupled with the high demand for customized wooden products, is likely to drive market growth.

COVID-19 Impact: Interrupted Supply Chain and Retail Closings Hampers Manufacturing Processes

COVID-19 pandemic has had a significant impact on every aspect of the woodworking industry, manufacturing, and retail. A survey conducted by the Wood Component Manufacturers Association (WCMA) stated that the pandemic's impact would be long-term, and the manufacturers should explore new product options. The most reported problems include interruption of the supply chain, border closings and increased border controls, the decline in domestic & foreign demand, and retail closings.

The North American woodworking industry consisting of manufacturers and retail services faces serious impacts, with nearly 3% of manufacturers believing a permanent business shutdown. Moreover, Acimall, the Italian Woodworking Technology Association, stated that the first quarter of 2020 showed a widespread reduction of machinery orders with a double-digit decrease across every emerging and established international market.

The U.K. timber importers have halted orders because of supply chain disruption. Owing to this, the market for timber and wood trading is at the lowest level in the European countries. Considering these points, it is projected that the global market will observe a considerable downfall till the first half of 2021. However, wood, timber institutions, and government actions to support the industry will be critical in the future ahead.


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Accelerated Utilization of Prefabricated Wooden Houses to Propel Growth

The utilization of prefabricated wooden houses is a growing trend in the woodworking industry as the timber material helps in less emission of CO2 thus, providing energy-efficient nature compliant with environmental regulations. Prefabricated wooden houses reduce material usage and increase production efficiency. Considering this point, several manufacturers across Germany, U.S., U.K., Finland, etc., are actively offering prefabricated wood houses such as bungalows, garages, story houses, etc.

Developing countries such as India are witnessing strong economic development across the construction sector. This is expected to contribute to the global woodworking machinery market growth in the forthcoming years.


Increasing Adoption of Precise Engineering to Aid Market Growth

In the past few years, a mixed alternative approach, i.e., utilization of CNC machines to aim the highest precision in manufacturing superior quality of wood products, fueled the growth of the global woodworking machinery market. Manufacturers such as Gongyou Group Co., Ltd., and IMA Schelling Group GmbH offer cut-to-size, precision saws and panel saw series for wooden materials. Additionally, the manufacturers emphasize the advancement due to the customized requirements of wooden products across public and private end-users.

For instance, in 2019, Biesse Group started to automate 5-axis heads, a woodworking machine in its production line, to reduce travel time and increase the machine precision on assembly lines. Additionally, the rising consumer disposable income across Brazil, Mexico, India, and China supports market growth. Therefore, the increasing adoption of precision engineering across the woodworking industry is likely to boost the market's growth.


Health Hazards in Machinery Manufacturing Units is Hampering the Market Growth

Woodworking machines utilized in production are hazardous when handled improperly. Hence, health and safety cannot be ignored across production facilities. Health hazards such as exposure to unguarded machinery, wood dust, noise, toxic finishes, and non-ergonomic handling negatively impact the health of the workers, leading to serious concerns.

Woodworking machinery operations that consist of the table saw, circular saw, planer operations, etc., hold the worst safety records for the workers. According to the U.K. Health and Safety Executive (HSE), approximately 35% of accidents that occur involve circular or table saws. These factors are hampering the market growth.


By Type Analysis

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Utilization of Multiple Lathe Machines to Drive Lathe Segment

Based on the type, the market is categorized into lathe, planer, saw, and others.

The lathe segment is expected to hold the highest market share during the forecast period. This is due to advanced CNC lathe machines and working centers for wooden door processing to plane the wood surfaces.

The planer segment is expected to experience the highest CAGR attributed to the increasing adoption of high-efficiency and lightweight planer machines.

Other segments, such as saws, jointers, and sanders, are expected to showcase steady market growth. Saw machinery, in particular, is anticipated to witness considerable growth owing to its utilization in curving the wooden object. Additionally, the increasing adoption of portable table saw is propelling its growth during the forecast period.

By Application Analysis

Rising Utilization to Favor Growth of the Residential Segment

Based on application, the market is segmented into construction, furniture, and others.

The furniture segment is expected to hold the highest market share due to the rising governmental investment. Additionally, several unorganized players utilize wooden objects such as pulpwood, sawn wood, wood pallets, and others in commercial and residential applications to improve the aesthetic experience.

The construction segment is anticipated to showcase exponential growth owing to the increasing disposable income across developing countries.


Europe Woodworking Machinery Market Size, 2020 (USD Billion)

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Based on regional analysis, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Europe is expected to remain dominant during the forecast period. This is due to the presence of established woodworking machine manufacturers across countries such as Italy, Germany, and the U.K. The Food and Agriculture Organization (FAO) stated that the production and consumption of sawn wood in Europe is projected to reach 201 cubic meters with an average annual change of 104% between 2020 and 2030.

North America is expected to witness substantial growth attributed to timber utilization and the adoption of cross-laminated timbers (CLTs) to manufacture houses and commercial buildings across the U.S. and Canada.

Asia Pacific is expected to showcase the highest CAGR during the forecast period. The growth is attributed to the growing population rate, households, consumer needs, and consumption of forest products by the end-users. Moreover, countries such as India, China, and other South-east countries are initiating policies to boost the market for small and mid-sized manufacturers.

China to Showcase Highest CAGR as Manufacturers Focus on Adopting Smart Manufacturing

China is one of the leading woodworking machinery manufacturing countries across the Asia Pacific. Manufacturers, such as Gongyou Group Co., Ltd., Zhengzhou Leabon Machinery, HOLYTEK INDUSTRIAL CORP., have strong manufacturing facilities and well-established export business in China. In addition to this, the leading manufacturers such as Biesse Group, IMA Schelling Group GmbH, and others are restructuring their business strategies across China to focus on smart manufacturing and upgrading the future production processes.

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The export of forest products has shown significant growth in the past few decades across the Middle East & Africa, and South America regions. This is influencing the market growth. The consumption of forest products has increased across Saudi Arabia and other countries.


Key Players Focus on Incorporating Digital Solutions to Brighten Their Market Prospects

Key players such as Biesse Group, HOLYTEK INDUSTRIAL CORP., IMA Schelling Group GmbH, SCM Group, Dürr Group, Gongyou Group Co., Ltd., and Oliver Machinery Company are focused on developing digitization, Industry 4.0, and Industrial Internet of Things (IIoT) measurements to cater to the customized demands from the end-users. For instance, Dürr Group has adopted digital transformation, namely [email protected] Dürr, Industry 4.0, and IIoT platform-based smart analytics software, to carry out Smart Factory processes.


  • Biesse Group (Italy)


  • 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.)


  • 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.)


  • June 2020 - SCM Group included a DMC system flexible abrasives modular center in its product range for wide belt sanders. The modular center is equipped with a hand scraping unit that helps achieve superior finishing levels.

  • May 2019 – The woodworking machinery and system division (HOMAG Group) of Dürr Group launched a new iPackage. It offers bundled service packages targeted at small to medium-sized companies (SMEs) specializing in one-shift operation.


An Infographic Representation of Woodworking Machinery Market

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The global market for woodworking machinery report provides a detailed analysis of the global market and focuses on key aspects such as leading companies, product/service types, and leading end-use industries. Besides this, the report offers insights into the market trends and highlights the key industry developments. Additionally, the report encompasses several factors that have contributed to the growth in recent years.

Report Scope & Segmentation



Study Period

  2017 – 2028

Base Year


Forecast Period

  2021 – 2028

Historical Period

  2017 – 2019


  Value (USD Billion)


  Type, Application, and Region

By Type

  • Lathe

  • Planer

  • Saw

  • Others (Radial Drills, Grinder, Jointer, Sanders, etc.)

By Application

  • Furniture

  • Construction

  • Others (Shipbuilding, etc.)

By Region

  • North America (By Type, Application, and Country)

    • United States (By Type)

    • Canada (By Type)

    • Mexico (By Type)

  • Europe (By Type, Application, and Country)

    • Germany (By Type)

    • The U.K. (By Type)

    • France (By Type)

    • Russia (By Type)

    • Italy (By Type)

    • Rest of Europe

  • Asia Pacific (By Type, Application, and Country)

    • Japan (By Type)

    • China (By Type)

    • India (By Type)

    • Southeast Asia (By Type)

    • South Korea (By Type)

    • Australia (By Type)

    • Rest of Asia Pacific

  • The Middle East & Africa (By Type, Application, and Country)

    • Saudi Arabia (By Type)

    • Turkey (By Type)

    • Egypt (By Type)

    • South Africa (By Type)

    • Rest of the Middle East & Africa

  • South America (By Type, Application, and Country)

    • Brazil (By Type)

    • Argentina (By Type)

    • Rest of South America

Frequently Asked Questions

Fortune Business Insights says that the market stood at USD 4.53 billion in 2020.

Fortune Business Insights says that the market will reach USD 6.05 billion in 2028.

Growing at a CAGR of 3.9%, the market will exhibit considerable growth during the forecast period.

Lathe machine segment is expected to lead during the forecast period.

Precise engineering is expected to drive the market.

Biesse Group, HOLYTEK INDUSTRIAL CORP., SCM Group, Dürr Group, and Gongyou Group Co., Ltd. are the top companies in the market.

Accelerated utilization of prefabricated wooden houses is a key trend in the global market.

The construction sub-segment is expected to hold the highest market share.

The planer machine segment is expected to grow significantly at the highest CAGR.

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