GITNUX REPORT 2024

Global Woodworking Industry Statistics: Market Projections and Employment Insights

Unveiling the Lucrative World of Woodworking: Industry Growth, Trends, and Projections for 2027.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global woodworking machinery market is projected to reach $5.9 billion by 2027.

Statistic 2

The US woodworking industry is worth an estimated $16.25 billion annually.

Statistic 3

Approximately 11.5 million people are employed in the woodworking industry worldwide.

Statistic 4

The market size of wooden furniture in the US is expected to be $113.7 billion by 2025.

Statistic 5

The woodworking market in Europe is expected to reach €79.90 billion by 2025.

Statistic 6

The global woodworking coatings market size is predicted to exceed $3.5 billion by 2027.

Statistic 7

In 2020, the value of total U.S. shipments of veneer and plywood amounted to $4.32 billion.

Statistic 8

The global woodworking laminates market is projected to register a CAGR of 4.8% from 2021 to 2028.

Statistic 9

The woodworking clamps market size is anticipated to reach $721.2 million by 2028.

Statistic 10

The global woodworking drills and bits market is projected to exceed $900 million by 2026.

Statistic 11

The global woodworking router market is forecasted to reach $2.4 billion by 2026.

Statistic 12

The global woodworking panel saw market is projected to reach $1.8 billion by 2026.

Statistic 13

The woodworking roller conveyors market is projected to reach $630 million by 2028.

Statistic 14

The market size of woodworking spindle moulding machines is projected to exceed $1.5 billion by 2028.

Statistic 15

The woodworking finishing machines market is anticipated to reach $785.5 million by 2028.

Statistic 16

The woodworking market in Asia Pacific is expected to witness significant growth due to increasing construction activities.

Statistic 17

The market size of woodworking assembly machines is projected to exceed $2.1 billion by 2028.

Statistic 18

The global bamboo woodworking tools market is projected to grow at a CAGR of 6.3% from 2021 to 2026.

Statistic 19

The woodworking adhesives market is projected to grow at a CAGR of 4.5% from 2021 to 2026.

Statistic 20

The global woodworking adhesives market size was valued at $4.2 billion in 2020 and is projected to reach $6.3 billion by 2028.

Statistic 21

The woodworking glue spreaders market is anticipated to grow at a CAGR of 4.7% from 2021 to 2026.

Statistic 22

The wooden flooring market is expected to grow at a CAGR of 6.8% from 2021 to 2028.

Statistic 23

The market size of woodworking spray booths is anticipated to exceed $690 million by 2028.

Statistic 24

The global woodworking hand tools market is forecasted to reach $2.8 billion by 2025.

Statistic 25

The woodworking hand tools segment accounts for over 50% of the global woodworking tools market share.

Statistic 26

The woodworking hand tools market in Asia Pacific is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

Statistic 27

The United States is the largest consumer of woodworking hand tools globally.

Statistic 28

The woodworking hand tools market in North America is projected to exceed $1.6 billion by 2025.

Statistic 29

The woodworking knifes and blades market is estimated to surpass $4.6 billion by 2028.

Statistic 30

The woodworking chisels market is forecasted to grow at a CAGR of 4.6% from 2021 to 2026.

Statistic 31

The woodworking saw horses market is expected to grow at a CAGR of 5.4% from 2021 to 2028.

Statistic 32

China is the largest producer of woodworking machinery globally.

Statistic 33

The global woodworking routers market is anticipated to expand at a CAGR of 4.1% from 2019 to 2027.

Statistic 34

The woodworking CNC machines market is anticipated to grow at a CAGR of 5.6% from 2021 to 2026.

Statistic 35

Germany is one of the leading woodworking machinery manufacturers in Europe.

Statistic 36

The woodworking sanding machines market is expected to witness a CAGR of 5.2% from 2021 to 2028.

Statistic 37

Japan is one of the key markets for woodworking machinery in the Asia Pacific region.

Statistic 38

The woodworking drills market is anticipated to grow at a CAGR of 5.9% from 2021 to 2026.

Statistic 39

The woodworking fixture market size is expected to reach $1.4 billion by 2028.

Statistic 40

The woodworking jointers market is expected to witness a CAGR of 4.9% from 2021 to 2026.

Statistic 41

The global woodworking workbench market is anticipated to expand at a CAGR of 4.2% from 2021 to 2026.

Statistic 42

The woodworking doweling machines market is expected to witness a CAGR of 5.6% from 2021 to 2028.

Statistic 43

The global woodworking sanders market is expected to register a CAGR of 5.1% from 2021 to 2028.

Statistic 44

The woodworking dust collectors market is projected to reach $575 million by 2028.

Statistic 45

The woodworking spindles market is forecasted to grow at a CAGR of 4.9% from 2021 to 2026.

Statistic 46

The woodworking edgebanders market is expected to witness a CAGR of 5.3% from 2021 to 2028.

Statistic 47

The woodworking convoyer systems market is anticipated to grow at a CAGR of 4.5% from 2021 to 2026.

Statistic 48

The global woodworking spindle moulders market is forecasted to register a CAGR of 4.3% from 2021 to 2028.

Statistic 49

The woodworking strip sanders market is expected to witness a CAGR of 5.6% from 2021 to 2028.

Statistic 50

The woodworking mortisers market is anticipated to grow at a CAGR of 4.8% from 2021 to 2026.

Statistic 51

The woodworking saw tables market is forecasted to grow at a CAGR of 4.4% from 2021 to 2026.

Statistic 52

The woodworking belt sanders market size is anticipated to reach $875 million by 2028.

Statistic 53

The woodworking materials market is forecasted to grow at a CAGR of 6.3% from 2021 to 2026.

Statistic 54

The woodworking power tools market is projected to reach $7.5 billion by 2027, with a CAGR of 4.3%.

Statistic 55

The woodworking saw blades market is expected to grow at a rate of 5.3% from 2021 to 2026.

Statistic 56

The woodworking software market is estimated to reach a value of $321.5 million by 2027.

Statistic 57

The global woodworking tools market is expected to grow at a CAGR of 3.7% from 2020 to 2027.

Statistic 58

The woodworking router bits and planer blades market is expected to grow at a CAGR of 5.7% from 2021 to 2026.

Statistic 59

The woodworking counterbore market size is estimated to surpass $480 million by 2028.

Statistic 60

The woodworking rotary tools market size is estimated to surpass $1.2 billion by 2028.

Share:FacebookLinkedIn
Sources

Our Reports have been cited by:

Trust Badges

Summary

  • The global woodworking machinery market is projected to reach $5.9 billion by 2027.
  • The US woodworking industry is worth an estimated $16.25 billion annually.
  • Approximately 11.5 million people are employed in the woodworking industry worldwide.
  • The global woodworking tools market is expected to grow at a CAGR of 3.7% from 2020 to 2027.
  • China is the largest producer of woodworking machinery globally.
  • The woodworking adhesives market is projected to grow at a CAGR of 4.5% from 2021 to 2026.
  • The global woodworking hand tools market is forecasted to reach $2.8 billion by 2025.
  • The market size of wooden furniture in the US is expected to be $113.7 billion by 2025.
  • The global woodworking routers market is anticipated to expand at a CAGR of 4.1% from 2019 to 2027.
  • The woodworking power tools market is projected to reach $7.5 billion by 2027, with a CAGR of 4.3%.
  • The woodworking saw blades market is expected to grow at a rate of 5.3% from 2021 to 2026.
  • The woodworking software market is estimated to reach a value of $321.5 million by 2027.
  • The woodworking hand tools segment accounts for over 50% of the global woodworking tools market share.
  • The woodworking market in Europe is expected to reach €79.90 billion by 2025.
  • The woodworking CNC machines market is anticipated to grow at a CAGR of 5.6% from 2021 to 2026.

Step into the buzzing world of woodworking where creativity meets craftsmanship and numbers tell their own story – a $5.9 billion global industry, an estimated $16.25 billion powerhouse in the US, and a workforce of over 11.5 million individuals worldwide shaping the future one intricate detail at a time. From Chinas dominance in woodworking machinery to the projected $7.5 billion powerhouse of woodworking power tools, the sawdust-filled arena is not just about chisels and wood but a symphony of growth, innovation, and a market value thats set to soar higher than the tallest cedar tree. Get ready to be sawed away by the stats!

Global Market Overview

  • The global woodworking machinery market is projected to reach $5.9 billion by 2027.
  • The US woodworking industry is worth an estimated $16.25 billion annually.
  • Approximately 11.5 million people are employed in the woodworking industry worldwide.
  • The market size of wooden furniture in the US is expected to be $113.7 billion by 2025.
  • The woodworking market in Europe is expected to reach €79.90 billion by 2025.
  • The global woodworking coatings market size is predicted to exceed $3.5 billion by 2027.
  • In 2020, the value of total U.S. shipments of veneer and plywood amounted to $4.32 billion.
  • The global woodworking laminates market is projected to register a CAGR of 4.8% from 2021 to 2028.
  • The woodworking clamps market size is anticipated to reach $721.2 million by 2028.
  • The global woodworking drills and bits market is projected to exceed $900 million by 2026.
  • The global woodworking router market is forecasted to reach $2.4 billion by 2026.
  • The global woodworking panel saw market is projected to reach $1.8 billion by 2026.
  • The woodworking roller conveyors market is projected to reach $630 million by 2028.
  • The market size of woodworking spindle moulding machines is projected to exceed $1.5 billion by 2028.

Interpretation

The woodworking industry seems to be experiencing a boom like never before, with numbers that could make even a sturdy oak tree sway in amazement. From the billions projected for machinery and coatings, to the millions employed worldwide and the staggering market sizes for everything from wooden furniture to panel saws, it's clear that woodworking is not just crafting, but big business. With the market for woodworking tools hitting record highs, it's safe to say that those in the industry are truly drilling, sawing, and clamping their way to success. So, whether you're a woodworking enthusiast or simply appreciate the beauty of well-crafted furniture, these statistics show that the industry is carving out a solid niche for itself in the global market.

Global Market Overview:

  • The woodworking finishing machines market is anticipated to reach $785.5 million by 2028.
  • The woodworking market in Asia Pacific is expected to witness significant growth due to increasing construction activities.
  • The market size of woodworking assembly machines is projected to exceed $2.1 billion by 2028.

Interpretation

As the woodworking industry gears up for a fruitful future, these statistics paint a vibrant picture of growth and opportunity. With finishing machines set to hit $785.5 million by 2028, woodworkers have plenty in store to bring their creations to exquisite perfection. In the bustling markets of Asia Pacific, where construction activities are on the rise, the woodworking sector is poised for significant expansion. And let's not forget the assembly machines, projected to exceed a whopping $2.1 billion by 2028, signaling a solid foundation for innovation and efficiency in woodworking processes. It's time to craft a bright future in the world of woodwork!

The global bamboo woodworking tools market falls under: The global woodworking hand tools market

  • The global bamboo woodworking tools market is projected to grow at a CAGR of 6.3% from 2021 to 2026.

Interpretation

It seems the woodworking industry is branching out beyond traditional materials like oak and pine, with bamboo taking center stage in the spotlight. With a projected growth rate of 6.3% over the next five years, it appears that bamboo is not just for pandas anymore. This versatile and sustainable material is carving out a niche for itself in the woodworking world, proving that when it comes to tools of the trade, bamboo is no longer just a plant - it's a cutting-edge contender.

The global woodworking adhesives market

  • The woodworking adhesives market is projected to grow at a CAGR of 4.5% from 2021 to 2026.
  • The global woodworking adhesives market size was valued at $4.2 billion in 2020 and is projected to reach $6.3 billion by 2028.
  • The woodworking glue spreaders market is anticipated to grow at a CAGR of 4.7% from 2021 to 2026.

Interpretation

The woodworking industry seems to be sticking together quite well, with the adhesives market showing strong growth projections. As the global market size expands from $4.2 billion to potentially reach $6.3 billion by 2028, it's clear that woodworkers are really bonding with the idea of using high-quality glues. It seems that in the coming years, the woodworking glue spreaders will also be spreading their influence wider, as they anticipate a steady annual growth rate of 4.7%. Looks like we're in for a "stuck-on" success story in the woodworking world!

The global woodworking coatings market

  • The wooden flooring market is expected to grow at a CAGR of 6.8% from 2021 to 2028.
  • The market size of woodworking spray booths is anticipated to exceed $690 million by 2028.

Interpretation

In a world where trends often change as quickly as a carpenter can hammer a nail, the woodworking industry's statistics offer a solid foundation for optimism. With the wooden flooring market projected to rise at a sprightly 6.8% CAGR from 2021 to 2028, it seems the path to success is laid out like a freshly polished hardwood floor. And let's not overlook the woodworking spray booths, set to reach a staggering market size exceeding $690 million by 2028 – a figure that proves protection and preservation are worth their weight in sawdust. As the industry carves out its future, these numbers serve as a reminder that when it comes to woodwork, growth and innovation are the true building blocks of success.

The global woodworking hand tools market

  • The global woodworking hand tools market is forecasted to reach $2.8 billion by 2025.
  • The woodworking hand tools segment accounts for over 50% of the global woodworking tools market share.
  • The woodworking hand tools market in Asia Pacific is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
  • The United States is the largest consumer of woodworking hand tools globally.
  • The woodworking hand tools market in North America is projected to exceed $1.6 billion by 2025.
  • The woodworking knifes and blades market is estimated to surpass $4.6 billion by 2028.
  • The woodworking chisels market is forecasted to grow at a CAGR of 4.6% from 2021 to 2026.
  • The woodworking saw horses market is expected to grow at a CAGR of 5.4% from 2021 to 2028.

Interpretation

In a world where power tools dominate the DIY scene, it seems the humble woodworking hand tool is experiencing a Renaissance of sorts, poised to carve out a $2.8 billion niche by 2025. Surpassing even the trendiest gadgets and gizmos, woodworking hand tools reign supreme, accounting for over half of the global woodworking tools market. From the bustling workshops of Asia Pacific to the wood-shavings littered floors of North America, these trusty tools are carving out space for themselves at an impressive rate, with chisels and saw horses leading the charge. So, to all the aspiring carpenters and woodworkers out there, it's time to dust off those hand tools and join the global woodworking renaissance – because in this world, a blade is mightier than a battery.

The global woodworking machinery market

  • China is the largest producer of woodworking machinery globally.
  • The global woodworking routers market is anticipated to expand at a CAGR of 4.1% from 2019 to 2027.
  • The woodworking CNC machines market is anticipated to grow at a CAGR of 5.6% from 2021 to 2026.
  • Germany is one of the leading woodworking machinery manufacturers in Europe.
  • The woodworking sanding machines market is expected to witness a CAGR of 5.2% from 2021 to 2028.
  • Japan is one of the key markets for woodworking machinery in the Asia Pacific region.
  • The woodworking drills market is anticipated to grow at a CAGR of 5.9% from 2021 to 2026.
  • The woodworking fixture market size is expected to reach $1.4 billion by 2028.
  • The woodworking jointers market is expected to witness a CAGR of 4.9% from 2021 to 2026.
  • The global woodworking workbench market is anticipated to expand at a CAGR of 4.2% from 2021 to 2026.
  • The woodworking doweling machines market is expected to witness a CAGR of 5.6% from 2021 to 2028.
  • The global woodworking sanders market is expected to register a CAGR of 5.1% from 2021 to 2028.
  • The woodworking dust collectors market is projected to reach $575 million by 2028.
  • The woodworking spindles market is forecasted to grow at a CAGR of 4.9% from 2021 to 2026.
  • The woodworking edgebanders market is expected to witness a CAGR of 5.3% from 2021 to 2028.
  • The woodworking convoyer systems market is anticipated to grow at a CAGR of 4.5% from 2021 to 2026.
  • The global woodworking spindle moulders market is forecasted to register a CAGR of 4.3% from 2021 to 2028.
  • The woodworking strip sanders market is expected to witness a CAGR of 5.6% from 2021 to 2028.
  • The woodworking mortisers market is anticipated to grow at a CAGR of 4.8% from 2021 to 2026.
  • The woodworking saw tables market is forecasted to grow at a CAGR of 4.4% from 2021 to 2026.
  • The woodworking belt sanders market size is anticipated to reach $875 million by 2028.

Interpretation

In a world where woodworking machinery seems to be evolving faster than the grains in a freshly sanded oak plank, one thing is clear – China holds the crown as the reigning giant of woodworking production. As global markets buzz with anticipation over the growth of woodworking routers, CNC machines, and various other tools, it's evident that woodworking is not just about shaping wood anymore; it's about shaping the future of manufacturing itself. So, as Germany fine-tunes its machinery, Japan hones its markets, and the woodworking industry sands down its rough edges to reveal a polished, lucrative future, one can't help but see the industry as a finely crafted masterpiece in the making.

The global woodworking materials market

  • The woodworking materials market is forecasted to grow at a CAGR of 6.3% from 2021 to 2026.

Interpretation

Looks like the woodworking industry is chiseling its way to success with some solid growth projections in the coming years. With a CAGR of 6.3% expected from 2021 to 2026, it seems like the demand for high-quality wood materials is not going to see a sanding down anytime soon. As the industry saws through challenges and carves out new opportunities, it's clear that the path ahead is looking knot-free and polished for those involved in the woodworking materials market.

The global woodworking power tools market

  • The woodworking power tools market is projected to reach $7.5 billion by 2027, with a CAGR of 4.3%.

Interpretation

As the woodworking power tools market carves out a path towards a projected $7.5 billion by 2027, it seems these tools are more than just chiseling away at planks of wood - they are sawing through competition with a sharp CAGR of 4.3%. It's clear that the industry is nailing it when it comes to growth, proving that the demand for precision craftsmanship isn't getting cut down anytime soon. So, for those skeptical about the power of woodworking tools, it's time to plane and simple: this market is not just cutting corners, it's shaping a sturdy future.

The global woodworking saw blades market

  • The woodworking saw blades market is expected to grow at a rate of 5.3% from 2021 to 2026.

Interpretation

As the woodworking saw blades market sharpens its focus on the future, the forecasted growth rate of 5.3% from 2021 to 2026 paints a picture of a cutting-edge industry carving out new opportunities. With precision and persistence, this sector is poised to saw through any challenges that come its way, proving that success is not just a stroke of luck but a well-crafted skill honed over time. So, let's take a closer look and see how this market shapes up as it saws its way to a brighter and sharper tomorrow.

The global woodworking software market

  • The woodworking software market is estimated to reach a value of $321.5 million by 2027.

Interpretation

As the woodworking industry continues to evolve, the projected value of $321.5 million for the woodworking software market by 2027 is a testament to the growing importance of technology in unlocking greater efficiency and creativity in the craft. Just as a master craftsman relies on the precision of their tools, woodworkers today are discovering the power of digital solutions to streamline their processes and elevate their artistry. It's a digital age twist on an ancient tradition, where bytes and binary code now play a vital role alongside sawdust and chisels. It seems that in the modern woodworking workshop, pixels are proving just as mighty as the humble hammer.

The global woodworking tools market

  • The global woodworking tools market is expected to grow at a CAGR of 3.7% from 2020 to 2027.
  • The woodworking router bits and planer blades market is expected to grow at a CAGR of 5.7% from 2021 to 2026.
  • The woodworking counterbore market size is estimated to surpass $480 million by 2028.
  • The woodworking rotary tools market size is estimated to surpass $1.2 billion by 2028.

Interpretation

As the global demand for woodworking tools continues to carve out an upward trajectory, it's clear that the industry is drilling down on growth opportunities. With the router bits and planer blades market shaving off a steady CAGR of 5.7%, and the rotary tools market polishing up to exceed $1.2 billion by 2028, it's evident that woodworkers worldwide are whittling away at success. The woodworking counterbore market hitting a hefty $480 million mark further cements the industry's position as a sturdy cornerstone of craftsmanship. So, whether you're cutting-edge with a router or setting the pace with counterbores, one thing is certain - the woodworking world is on the cutting edge of expansion.

References