Product Code: ETC029385 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand woodworking machines market is projected to grow at a CAGR of 4.38% during the forecast period (2025-2031). The rising demand for wooden furniture and increasing investments in infrastructure development are driving the growth of the market. In addition, favorable government regulations promoting sustainable forestry practices are expected to boost the demand for woodworking machinery in this region.
The major factors driving the growth of Thailand woodworking machines market include growing urbanization, increasing disposable income levels, growing construction activities, and rising demand for modern furniture designs. Moreover, technological advancements such as automation and integration with other technologies have further increased efficiency in production processes that require cutting tools or processing equipment. This has resulted in greater cost savings and improved product quality due to reduced wastage from manual operations while manufacturing different components used in furniture making industries. Additionally, government initiatives like Sustainable Forestry Management Plan (SFMP) which promotes sustainable forest management through certification schemes by providing incentives to companies who comply with environmental standards will present new opportunities for woodworking machine manufacturers over the next few years.
However there are certain challenges faced by manufacturers including high energy consumption requirements associated with these machines due to their large size as well issues related to maintenance costs such as replacement parts availability which may hinder its adoption among small scale producers who operate on tight budgets or low capital investment capacities.. In addition complex installation process associated with advanced models along with fluctuations in raw material prices can also restrain market growth over forecast period .
The Covid-19 pandemic had a negative impact on almost all economic sectors across Thailand including woodworking machinery segment as it led disruptions throughout supply chain networks causing delays delivery times resulting into order cancellations. Moreover factories shutdowns also hindered production capabilities leading sharp decline sales revenue, impacting profitability key players operating within region. Despite this mid 2025 witnessed gradual revival domestic industry boosted support from governments subsidies revive manufacturing sector. Government measures implemented June eased restrictions businesses resumed operations albeit limited capacity areas where transmission rates lower. Economic stimulus packages announced August provided additional financial assistance affected enterprises helping weather crisis circumstances successfully. To capitalize current trends some established vendors developed strategy shift focus towards online channels increase customer base. Such strategies will enable gain competitive edge time when customers prefer digital platforms transactions.
Makita Corporation, HOMAG Group AG, Robert Bosch Tool Corporation, Festool GmbH & Co
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 Thailand Woodworking machines Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Woodworking machines Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Woodworking machines Market - Industry Life Cycle |
3.4 Thailand Woodworking machines Market - Porter's Five Forces |
3.5 Thailand Woodworking machines Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Woodworking machines Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.7 Thailand Woodworking machines Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Thailand Woodworking machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Woodworking machines Market Trends |
6 Thailand Woodworking machines Market, By Types |
6.1 Thailand Woodworking machines Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Woodworking machines Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Woodworking machines Market Revenues & Volume, By Shapers & Planers, 2021-2031F |
6.1.4 Thailand Woodworking machines Market Revenues & Volume, By Saws, 2021-2031F |
6.1.5 Thailand Woodworking machines Market Revenues & Volume, By Jointers, 2021-2031F |
6.1.6 Thailand Woodworking machines Market Revenues & Volume, By Routers, 2021-2031F |
6.1.7 Thailand Woodworking machines Market Revenues & Volume, By Grinders, 2021-2031F |
6.1.8 Thailand Woodworking machines Market Revenues & Volume, By Wood Lathes, 2021-2031F |
6.2 Thailand Woodworking machines Market, By Sales Channel |
6.2.1 Overview and Analysis |
6.2.2 Thailand Woodworking machines Market Revenues & Volume, By Online Retail, 2021-2031F |
6.2.3 Thailand Woodworking machines Market Revenues & Volume, By Retail Stores, 2021-2031F |
6.3 Thailand Woodworking machines Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Thailand Woodworking machines Market Revenues & Volume, By Craft & Furniture, 2021-2031F |
6.3.3 Thailand Woodworking machines Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Thailand Woodworking machines Market Revenues & Volume, By Marine & Locomotive, 2021-2031F |
7 Thailand Woodworking machines Market Import-Export Trade Statistics |
7.1 Thailand Woodworking machines Market Export to Major Countries |
7.2 Thailand Woodworking machines Market Imports from Major Countries |
8 Thailand Woodworking machines Market Key Performance Indicators |
9 Thailand Woodworking machines Market - Opportunity Assessment |
9.1 Thailand Woodworking machines Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Woodworking machines Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.3 Thailand Woodworking machines Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Thailand Woodworking machines Market - Competitive Landscape |
10.1 Thailand Woodworking machines Market Revenue Share, By Companies, 2024 |
10.2 Thailand Woodworking machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |