Product Code: ETC353664 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India woodworking machinery market import shipment experienced a negative CAGR from 2020 to 2024. The growth rate between 2023 and 2024 saw a significant decline. The market showed a clear trend of slowing down, indicating a notable decrease in import volumes over the period.
The India woodworking machinery market size was valued at US$ 2 billion in 2025 and is expected to reach US$ 3 billion by 2025 registering a CAGR of 9%. Rising investments into furniture production along with increasing industrialization has been driving demand for woodworking machines across tier I & II cities in India which also increases opportunities for these products manufacturers over time periods. Efforts taken by Government through various schemes such as Skill India Mission have enabled more number of people seeking employment opportunity leading to higher consumption rate among consumers as well as manufacturers resulting into higher sales figures overall.
The woodworking machinery market in India is influenced by the growth of the furniture and construction industries. With rising disposable incomes and urbanization, the demand for furniture has increased substantially, creating a need for efficient woodworking machinery. Furthermore, government initiatives to boost manufacturing and infrastructure development also contribute to the market`s growth. As technology advances and automation becomes more prevalent, the demand for advanced woodworking machinery has witnessed a positive impact.
The woodworking machinery market in India faces challenges related to the adoption of modern technologies and automation. Many small and medium-sized enterprises (SMEs) in the woodworking sector may be hesitant to invest in expensive machinery upgrades or lack the expertise to operate advanced equipment. This results in a slow adoption rate of advanced woodworking machinery, which could otherwise enhance productivity and product quality. Moreover, the market needs to address the issue of skilled labor shortage in operating and maintaining sophisticated machinery.
The woodworking machinery market in India experienced a slowdown during the pandemic due to the disruptions in manufacturing and supply chain activities. Many woodworking machinery manufacturers faced challenges in meeting production targets and delivering orders on time. Moreover, with a reduction in construction and industrial activities, the demand for new woodworking machinery also declined temporarily. However, as the construction and manufacturing sectors gradually returned to normalcy, the demand for woodworking machinery is expected to recover. The industry`s shift towards automation and advanced technologies may also gain momentum, as companies seek to improve productivity and efficiency in the post-pandemic period.
The India Woodworking Machinery Market is served by leading manufacturers of woodworking machinery and equipment. These key players offer a wide range of machinery for various woodworking applications, catering to the needs of furniture manufacturers, carpenters, and other woodworking professionals. Some of the major players in this market include Biesse Manufacturing Co. Pvt. Ltd., HOMAG India Pvt. Ltd., Pidilite Industries Limited, Otto Waste Systems (India) Pvt. Ltd., Sawhney Engineering Company, Jai Industries, Trupro International Ltd., Woodtech Consultants Pvt. Ltd., Felder Woodworking Machines Pvt. Ltd., and Moonlit Industries (Regd.). These companies are instrumental in providing advanced and efficient woodworking solutions to the India market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Woodworking Machinery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Woodworking Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 India Woodworking Machinery Market - Industry Life Cycle |
3.4 India Woodworking Machinery Market - Porter's Five Forces |
3.5 India Woodworking Machinery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Woodworking Machinery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Woodworking Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for customized furniture and interior design in India |
4.2.2 Rapid urbanization and infrastructure development driving the need for woodworking machinery |
4.2.3 Increasing adoption of advanced technology and automation in woodworking processes |
4.3 Market Restraints |
4.3.1 High initial investment and operating costs associated with woodworking machinery |
4.3.2 Lack of skilled labor and technical expertise in operating modern woodworking equipment |
4.3.3 Environmental concerns and regulations impacting the use of certain woodworking machinery |
5 India Woodworking Machinery Market Trends |
6 India Woodworking Machinery Market, By Types |
6.1 India Woodworking Machinery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Woodworking Machinery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Woodworking Machinery Market Revenues & Volume, By Lathe, 2021-2031F |
6.1.4 India Woodworking Machinery Market Revenues & Volume, By Planer, 2021-2031F |
6.1.5 India Woodworking Machinery Market Revenues & Volume, By Saw, 2021-2031F |
6.1.6 India Woodworking Machinery Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Woodworking Machinery Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Woodworking Machinery Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.3 India Woodworking Machinery Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 India Woodworking Machinery Market Revenues & Volume, By Others, 2021-2031F |
7 India Woodworking Machinery Market Import-Export Trade Statistics |
7.1 India Woodworking Machinery Market Export to Major Countries |
7.2 India Woodworking Machinery Market Imports from Major Countries |
8 India Woodworking Machinery Market Key Performance Indicators |
8.1 Utilization rate of woodworking machinery in manufacturing processes |
8.2 Adoption rate of CNC technology and automation in woodworking industry |
8.3 Efficiency and yield improvement achieved through the use of advanced woodworking machinery |
8.4 Percentage of manufacturers investing in employee training and skill development in woodworking technologies |
9 India Woodworking Machinery Market - Opportunity Assessment |
9.1 India Woodworking Machinery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Woodworking Machinery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Woodworking Machinery Market - Competitive Landscape |
10.1 India Woodworking Machinery Market Revenue Share, By Companies, 2024 |
10.2 India Woodworking Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |