The panel saw market is estimated to be valued at USD 2,488.2 million in 2024. The demand for panel saw is predicted to rise at a CAGR of 2.5% from 2024 to 2034. The global panel saw market is anticipated to reach USD 3,247.8 million by 2034.
Panel Saw Market Trends
| Report Attribute | Details |
|---|---|
| Panel Saw Market Size (2024) | USD 2,488.2 million |
| Anticipated Market Value (2034) | USD 3,247.8 million |
| Market Projected Growth Rate (2024 to 2034) | 2.5% |
Sales of panel saws generated a revenue of around USD 2,180.4 million in 2019. During the period from 2019 to 2023, the global demand for panel saws registered a CAGR of 2.7%. In 2023, the overall market was valued at around USD 2,425.6 million.
| Attributes | Details |
|---|---|
| Panel Saw Market Size (2019) | USD 2,180.4 million |
| Historical Market Size (2023) | USD 2,425.6 million |
| Historical CAGR (2019 to 2023) | 2.7% |
Carpentry industries across all economies are putting more focus on productivity and efficiency in their manufacturing processes to maximize the margin of profit. Moreover, furniture-making companies prefer multi-blade panel saws to optimize industrial processes, shorten production times, and boost overall efficiency.
Demand for industrial panel saws is rising to meet the need for precision and excellent quality, incorporating features like laser-guided cutting and computerized measurement systems. Computerized panel saws have also become necessary for high-end woodworking, such as creating personalized furniture, architectural wood carvings, and other woodcraft works.
The adoption of automated panel saws has also been triggered by the woodworking industry's use of IoT technologies and smart manufacturing solutions to some extent. Woodworking panel saws with remote monitoring capabilities can also provide predictive maintenance and real-time data analytics, which improves their usability and attracts tech-savvy enterprises.
The table below represents the expected growth rates of the panel saw market in the United States, the United Kingdom, China, and India. Asian countries are expected to rally ahead in terms of growth in year-over-year sales, while Western countries are observed to be leading in sales value.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 2.1% |
| China | 3% |
| United Kingdom | 2.1% |
| India | 3.2% |
The leading position of the United States is mostly attributed to the presence of giant market players. Sale of panel saws are expected to rise at a 2.1% CAGR through 2034.
The panel saw market in the United States has been largely impacted by the growing use of Industry 4.0, or automation using intelligent machines. Also, the presence of software developers in the country is driving the market, leading to the adoption of advanced cutting-edge panel saw software solutions.
The United Kingdom is expected to be a forerunner in Europe for advancements of its panel saw machine manufacturing industries. The market is expected to record a CAGR of 2.1% through 2034.
As the industrial sector is becoming more conscious of sustainability, efficient engineering technologies are being implemented more frequently in most European countries. So, the export of wood and plywood cutting machines all over Europe is anticipated to strengthen the United Kingdom panel saw industry demand.
With an extensive manufacturing base for heavy industrial equipment, China is expected to increase its panel saw production at a CAGR of 3% till 2034.
A growing trend toward ready-to-assemble furniture, driven by urbanization and changing customer lifestyles, has surged the demand for laminated board saws in the country. Also, the rising demand for semi-automatic panel saws from neighboring Asian nations could expand and diversify the regional market further.
The market for panel saws in India is predicted to grow at a CAGR of 3.2% through 2034.
The Indian government is taking several initiatives stressing the use of efficient production methods to boost its small and medium-scale enterprises, including the carpentry industry. In addition, the rapidly expanding heavy equipment manufacturing industries in the country are anticipated to boost the supply of automated CNC panel saws for productivity.
The demand for horizontal panel saws held 27% of the overall market share in 2023, making it the leading segment by product type.
| Attributes | Details |
|---|---|
| Top Product Type | Horizontal Panel Saw |
| Market Share in 2023 | 27% |
Traditionally, carpenters adopt woodworking machines, including panel saws that are designed to hold wood in a horizontal position as it is comfortable during manual work. However, advanced technology that enables vertical panel saws to expedite the wood-cutting processes and cut labor expenses in recent years.
Carpentry finds wide application of panel saws, which contributed to 23% of the total demand in 2023.
| Attributes | Details |
|---|---|
| Top End Use | Carpentry |
| Market Share in 2023 | 23% |
This segment is expected to retain its dominance over the projected years as panel saws in carpentry are essential to produce flat-pack and modular furniture.
The global panel saw market is relatively consolidated as most of the leading players, with higher investment capacity and extensive distribution channels, hold a significant share of the market. Nowadays, to offer innovative and smart control features and technologies, emerging precision panel cutter companies are spending heavily on research and development activities.
Recent Developments in the Global Panel Saw Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 2,488.2 million |
| Projected Market Size (2034) | USD 3,247.8 million |
| Anticipated Growth Rate (2024 to 2034) | 2.5% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Material, By Packaging Format, By End Use, and By Region |
| Key Companies Profiled | Wilhelm Altendorf GmbH & Co. KG; SCM Group S.p.A; FELDER GROUP; Otto Martin Maschinenbau GmbH & Co. KG; Griggio s.r.l.; Casadei Busellato; Robland NV; Baileigh Industrial, Inc; Woodworking Machine-Oliver Machinery Co; SAWSTOP; American Machine Works; Glory Industrial Machinery And Equipment Co., Ltd; OAV Equipment and Tools, Inc.; Joway Machinery Co., Ltd.; Griggio; HOLZMAN; DELTA; BAIEEIGH; Rexon; Yuetong Woodworking Machine; Nanxing |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Application, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Type, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Application, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Application, 2019 to 2034
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 22: Europe Market Volume (Units) Forecast by Type, 2019 to 2034
Table 23: Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: Europe Market Volume (Units) Forecast by Application, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 28: East Asia Market Volume (Units) Forecast by Type, 2019 to 2034
Table 29: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 30: East Asia Market Volume (Units) Forecast by Application, 2019 to 2034
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 34: South Asia Market Volume (Units) Forecast by Type, 2019 to 2034
Table 35: South Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 36: South Asia Market Volume (Units) Forecast by Application, 2019 to 2034
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: Oceania Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: Oceania Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 40: Oceania Market Volume (Units) Forecast by Type, 2019 to 2034
Table 41: Oceania Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 42: Oceania Market Volume (Units) Forecast by Application, 2019 to 2034
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: MEA Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: MEA Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 46: MEA Market Volume (Units) Forecast by Type, 2019 to 2034
Table 47: MEA Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 48: MEA Market Volume (Units) Forecast by Application, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness by Type, 2024 to 2034
Figure 17: Global Market Attractiveness by Application, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Attractiveness by Type, 2024 to 2034
Figure 35: North America Market Attractiveness by Application, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 56: Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 57: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 63: Europe Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 67: Europe Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Europe Market Attractiveness by Type, 2024 to 2034
Figure 71: Europe Market Attractiveness by Application, 2024 to 2034
Figure 72: Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 74: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 81: East Asia Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 84: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 85: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 89: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 92: South Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 99: South Asia Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 102: South Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 103: South Asia Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 104: South Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 106: South Asia Market Attractiveness by Type, 2024 to 2034
Figure 107: South Asia Market Attractiveness by Application, 2024 to 2034
Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 109: Oceania Market Value (US$ Million) by Type, 2024 to 2034
Figure 110: Oceania Market Value (US$ Million) by Application, 2024 to 2034
Figure 111: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: Oceania Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: Oceania Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 117: Oceania Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 120: Oceania Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 121: Oceania Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 122: Oceania Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 124: Oceania Market Attractiveness by Type, 2024 to 2034
Figure 125: Oceania Market Attractiveness by Application, 2024 to 2034
Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 127: MEA Market Value (US$ Million) by Type, 2024 to 2034
Figure 128: MEA Market Value (US$ Million) by Application, 2024 to 2034
Figure 129: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: MEA Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: MEA Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 135: MEA Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 138: MEA Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 139: MEA Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 140: MEA Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 141: MEA Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 142: MEA Market Attractiveness by Type, 2024 to 2034
Figure 143: MEA Market Attractiveness by Application, 2024 to 2034
Figure 144: MEA Market Attractiveness by Country, 2024 to 2034
The global panel saw market is likely to grow at a 2.5% CAGR through 2034.
The global panel saw market is expected to be valued at USD 3,247.8 million by 2034.
Wilhelm, SCM, and Felder are the top suppliers of panel saws globally.
Europe accounts for nearly 25% of the revenue share of the global panel saw market.
The market in India is likely to witness a CAGR of 2.5% through 2034.
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Panel Saw Market
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