In 2022, the market for computerised numerical control (CNC) tools for woodworking is anticipated to be worth US$1.82 billion. Due to their exceptional blue hip operational quality and superb Precision, these tools are becoming more and more popular among hobbyists and carpenters, which is helping the market expand.
Future Market Insights (FMI) projects that by 2028, sales of woodworking CNC tools will have surpassed US$ 2.60 billion, growing at a healthy CAGR of 6.1%.
Medium-density fiberboard (MDF), a type of wood, is anticipated to represent 1/3 of all sales of woodworking CNC tools through 2028. According to FMI, the Asia Pacific region will hold the largest market share, making up 47.3% of the total revenue share in 2022.