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Panel Saw Market is expected to be worth US$ 3,247.8 million at a CAGR of 2.5% by the 2034 end | Future Market Insights, Inc.

Evolving Needs and Technical Improvements Drive Sales of Panel Saws for Woodcraft among Carpenters.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.

/EIN News/ -- NEWARK, Del, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The panel saw market is estimated to be worth US$ 2,488.2 million in 2024, surpassing US$ 3,247.8 million by 2034. The demand for panel saw is expected to rise at a CAGR of 2.5% through 2034.

A mix of industry-specific demands, technical improvements, and the changing needs of woodcraft work carpenters seeking accurate and efficient cutting solutions is driving the panel saw market. Moreover, the growing use of automation in carpentry industries has surged the demand for computerized panel saws in recent years.

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Key Takeaways from the Global Panel Saw Market Study Report

  • North America leads the market in terms of deployment and innovations in pneumatic panel saws, with a market value of US$ 558 million in 2023. 
  • The total revenue generated from sales of panel saws in European countries in 2023 is estimated to be around US$ 606.5 million.
  • The United States dominates the market in North America and is expected to advance at a 2.1% CAGR from 2024 to 2034.
  • In Europe, the United Kingdom is anticipated to drive the demand for panel saws by registering a 2.1% CAGR over the forecast period.
  • China is the leading manufacturer of panel saws in Asia, and it is expected to experience a Y-O-Y growth of 3% till 2034.
  • The market in India is expected to grow at a CAGR of 3.2% over the forecast period.

To retain their competitiveness, established panel saw manufacturers are providing adaptable and configurable cutting solutions. New market players can maintain their competitiveness by introducing innovative, complex, and effective wood cutting equipment in the market,”-Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Competitive Landscape

The key panel saw manufacturing industries are concentrated in Europe and the United States. As woodworking technology continues to progress, new market players have emerged in the Asian countries that have fragmented the global market in recent years.

Recent Developments

  • In August 2023, Festool, a leading manufacturer of innovative, precision-engineered, and durable power tool solutions, announced a new range of cordless table saws, CSC SYS 50. A miter gauge, a sliding table, and a rip fence make up the sturdy guide system. It is small enough to fit inside a Systainer and is both accurate and portable, making shop-quality cuts on the job site. With the 2x18V dual-battery system and brushless EC-TEC motor, users won't feel any difference in power compared with corded machines, even for rip cuts in solid wood.

  • In January 2020, the Dent Fix Equipment introduced a new table panel saw by the name of DF-PS36. The company claims that it can quickly and cleanly cut through even sheet metal panels up to 16 gauge. It uses a powerful 3/4-hp motor, and its proprietary hardened steel blade gives the worker the ability to cut through any external sheet metal.

Scope Of Report:

Attribute Details
Estimated Market Size (2024) US$ 2,488.2 million
Projected Market Size (2034) US$ 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 US$ 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
  • Otto Martin Maschinenbau GmbH & Co. KG
  • Griggio s.r.l.
  • Casadei Busellato
  • Robland NV
  • Baileigh Industrial, Inc
  • Woodworking Machine-Oliver Machinery Co
  • American Machine Works
  • Glory Industrial Machinery And Equipment Co., Ltd
  • OAV Equipment and Tools, Inc.
  • Joway Machinery Co., Ltd.
  • Griggio
  • Rexon
  • Yuetong Woodworking Machine
  • Nanxing

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Key Segments Covered by Panel Saw Industry Survey Report

By Type:

  • Electronic Panel Saw
  • Reciprocating Panel Saw
  • Sliding Table Saw

By Application:

  • Panel Furniture
  • Wood Based Panel
  • Wooden Door & Floor Board
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Bandsaw Machines Market: The global market is anticipated at US$ 2.1 billion in 2022. Demand is likely to remain high for this market during the assessment period. This is due to the increased mining operation and garnering US$ 3.3 billion in 2033, recording a CAGR of 4.2% from 2023 to 2033.

Miter Saw Market Growth: The market share is estimated to clock a revenue of US$ 1,087.6 million in 2024. Miter saw providers are likely to expect a moderate CAGR of 4.80% through 2034, with a forecast valuation of US$ 1,788.50 million by 2034.

Bead Winding Machine Market Analysis: The global market is expected to register a valuation of US$ 972.4 million in 2024 with a CAGR of 2.50% during the forecast period. The global market is likely to reach a valuation of US$ 1,281.70 million by 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
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