Panel Saw Market Report 2024 (Global Edition)

Global Panel Saw Market Report 2024 Market Size Split by Type Outlook: (Electronic Panel Saw, Reciprocating Panel Saw, Sliding Table Saw), by Application Outlook: (Panel Furniture, Wood Based Panel, W...

Panel Saw Market Report Description

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Competitive Landscape of the Panel Saw Market

The main players in the competitive panel saw the market prioritize product differentiation, innovation, and strategic partnerships. Top producers like HOMAG, SCM Group, and Altendorf rule the market with cutting-edge products, including automated and CNC-enabled panel saws. With reasonably priced solutions, regional players serve budget-conscious markets. R&D expenditures are driven by fierce competition, which prioritizes sustainability, accuracy, and efficiency. For market participants, after-sales support and expansion into emerging markets are essential tactics.

In November 2022, Woodtech introduced the TruCut CNC Automated Panel Saw Fence at the International Woodworking Fair (IWF) in Atlanta. TruCut, a software-driven cutting optimization and automation solution, may be integrated into any modern panel or table saw. With a clear interface design and touchscreen control, the operator can manage any cutting complexity. The simple interface design is easily noticeable even when the user is not in front of the device. This makes the process simple to comprehend and adhere to, which eventually leads to improved cost reduction, environmental protection, productivity, and efficiency. (Source:https://www.iwfatlanta.com/exhibitors/woodtech-launches-trucut-cnc-automated-panel-saw-fence-at-iwf-2022/) In September 2022, The new MS300 table saw from Wood-Mizer features a moving table to increase cutting precision and high-precision woodworking. It can create a variety of wood products, such as furniture parts, floor panels, slats, boards, and interior finishing, due to its big sliding feed table and cast iron work table. The manufacturer claims that improved stability and vibration damping are achieved by supporting the sliding table with steel ball bearings and a sturdy cast iron foundation. The MS300 table saw type can optionally be equipped with an extra 900 x 440 mm worktable extension to make cutting larger materials easier. (Source: https://woodmizer.eu/news/wood-mizer-introduces-ms300-table-saw-for-high-precision-woodworking) In August 2022, At IWF 2022, two new safety sliding table saws were unveiled that halt cutting when hands come in contact with the blade. (Source:https://www.iwfatlanta.com/exhibitors/new-generation-of-safe-table-saws-at-iwf-2022/)

Top Companies Market Share in Panel Saw Industry: (In no particular order of Rank)

• Wilhelm Altendorf GmbH & Co. KG
• SCM Group S.p.A
• Griggio s.r.l.
• Casadei Busellato
• FELDER GROUP
• Otto Martin Maschinenbau GmbH & Co. KG
• Robland NV
• SAWSTOP
• Baileigh Industrial Inc
• Woodworking Machine-Oliver Machinery Co
• American Machine Works
• Joway Machinery Co. Ltd.
• Griggio
• Glory Industrial Machinery And Equipment Co. Ltd
• OAV Equipment and Tools Inc.
• HOLZMAN
• Rexon
• Yuetong Woodworking Machine
• DELTA
• BAIEEIGH
• Nanxing.
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Regional Analysis of the Panel Saw Market

Which Region Dominates the Panel Saw Market in 2024?

According to Cognitive Market Research, North America currently dominates the Panel Saws market, and the region is expected to have significant growth during the projected period. Strong woodworking and furniture manufacturing in North America is expected to propel the panel saw market's expansion. In addition to improvements in interior design and construction, the growing desire for modular and customizable furniture is driving up demand for effective cutting equipment. The adoption of cutting-edge technologies, including panel saws with CNC capabilities, is especially common in the area due to an emphasis on productivity and automation. Furthermore, the rise of the market is supported by the presence of important manufacturers and strong consumer buying power. North American demand for accurate and effective panel saws is further increased by sustainability initiatives and investments in environmentally friendly woodworking techniques.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The rapidly industrializing, urbanizing, and growing demand for building materials and furnishings in the Asia Pacific is anticipated to drive a large expansion in the panel saw market. The region's growing manufacturing industry is embracing advanced panel saw technologies, particularly in countries like China and India, to meet the growing need for precise cutting and high-quality wood products. Moreover, rising disposable incomes and a preference for modern, customized furnishings are driving demand. A significant market development driver, Asia Pacific is also driven by the region's emphasis on sustainability and waste reduction, which encourages the adoption of efficient, automated panel saws.

The current report Scope analyzes Panel Saw Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Panel Saw

According to Cognitive Market Research, the global Panel Saw market size was estimated at USD 2651.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1060.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Panel Saw market with a market size of USD 836.81 million in 2024 and is projected to grow at a CAGR of 1.0% during the forecast period. In the U.S., the development of sophisticated panel saws is aided by the manufacturing industry's shift toward automation and digital controls.
• The Canada Panel Saw market had a market share of USD 127.27 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The strong timber sector in Canada increases the need for panel saws in the woodworking industry.
• The Mexico Panel Saw market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 96.51 million in 2024.

Europe Panel Saw

According to Cognitive Market Research, the global Panel Saw market size was estimated at USD 2651.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 795.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.5% from 2024 to 2031.

• The United Kingdom Panel Saw market had a market share of USD 133.64 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. In the UK, Panel saws are in high demand in the construction industry due to the expanding housing market and commercial infrastructure projects.
• The France Panel Saw market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD 73.18 million in 2024.
• According to Cognitive Market Research, the German Panel Saw market size was valued at USD 157.50 million in 2024 and is projected to grow at a CAGR of 1.7% during the forecast period. The demand for sophisticated panel saws for precision cutting and large production is fueled by Germany's robust industrial and manufacturing sectors.
• The Italy Panel Saw market is projected to witness growth at a CAGR of 0.9% during the forecast period, with a market size of USD 68.41 million in 2024.
• The Russia Panel Saw market is projected to witness growth at a CAGR of 0.5% during the forecast period, with a market size of USD 123.29 million in 2024.
• The Spain Panel Saw market is projected to witness growth at a CAGR of 0.6% during the forecast period with a market size of USD 65.23 million in 2024
• The Luxembourg Panel Saw market is projected to witness growth at a CAGR of 1.6% during the forecast period, with a market size of USD 24.66 million in 2024.
• The Portugal Panel Saw market is projected to witness growth at a CAGR of 1.3% during the forecast period, with a market size of USD 16.70 million in 2024.
• The Greece Panel Saw market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 9.55 million in 2024.
• The Rest of Europe's Panel Saw market is projected to witness growth at a CAGR of 0.2% during the forecast period, with a market size of USD 123.29 million in 2024.

Asia Pacific Panel Saw

According to Cognitive Market Research, the global Panel Saw market size was estimated at USD 2651.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 609.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Panel Saw market size was valued at USD 274.43 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Panel Saw surged in China due to China being a global center for manufacturing. As such, its export-driven economy depends on effective cutting technology to produce packaging and furniture.
• The Japan Panel Saw market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 84.16 million in 2024.
• The India Panel Saw market had a market share of USD 73.18 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The growing middle class and the development in the production of modular and custom furniture are driving the demand for panel saws.
• The South Korean Panel Saw market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 60.98 million in 2024.
• The Australian Panel Saw market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 31.71 million in 2024.
• The South East Asia Panel Saw market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 42.08 million in 2024.
• The Rest of Asia Pacific Panel Saw market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 43.30 million in 2024.

South America Panel Saw

According to Cognitive Market Research, the global Panel Saw market size was estimated at USD 2651.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 132.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Panel Saw market size was valued at USD 56.74 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Panel Saws flourished in Brazil because Brazil, one of the world's biggest producers of wood, has a sizable market for panel saws used in furniture manufacture and wood processing.
• Argentina's Panel Saw market had a market share of USD 22.27 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. Argentina is a large agricultural and forestry nation, and the demand for effective panel saws is driven by the country's furniture and woodworking sectors.
• Colombia Panel Saw market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 11.80 million in 2024.
• Peru Panel Saw market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 10.87 million in 2024.
• Chile Panel Saw market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 9.55 million in 2024.
• The Rest of Latin America's Panel Saw market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 21.34 million in 2024.

Middle East and Africa Panel Saw

According to Cognitive Market Research, the global Panel Saw market size was estimated at USD 2651.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 53.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031..

• The GCC Countries Panel Saw market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 22.70 million in 2024. Panel Saw sales flourish due to the rising demand for custom and luxury furniture.
• The Egypt Panel Saw market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 5.57 million in 2024.
• The South Africa Panel Saw market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 8.38 million in 2024. Panel Saw sales flourished in South Africa due to the need for reasonably priced and easy-to-use panel saws, which the expanding do-it-yourself culture may fuel.
• The Turkey Panel Saw market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 4.56 million in 2024.
• The Nigeria Panel Saw market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 5.57 million in 2024.
• The Rest of the MEA Panel Saw market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 6.26 million in 2024.

Panel Saw Market Analysis

How are Segments Performing in the Global Panel Saw Market?

Panel Saw Market Type Segment Analysis

According to Cognitive Market Research, electronic panel saws are likely to dominate the Panel Saw Market over the forecast period. Because of their sophisticated features, accuracy, and automation capabilities, electronic panel saws are becoming more and more popular in the market. With their improved cutting precision, speed, and efficiency, thanks to digital controls and CNC technology, these saws are perfect for large-scale production in sectors including cabinetry, construction, and furniture manufacturing. Electronic panel saws facilitate workflow, increase operational productivity, and cut down on material waste. Electronic panel use is anticipated to increase dramatically, especially in developed economies, as the industry looks to streamline processes and satisfy rising customization needs..

The sliding table saw is the fastest-growing segment in the Panel Saw Market. Because of their accuracy and adaptability in cutting large panels, sliding table saws are becoming more and more popular in the panel saw market. These saws are perfect for woodworking, cabinetry, and furniture manufacturing because of their moveable table, which enables precise and easy handling of large materials. Their capacity to produce precise, clean cuts with little material waste boosts output and lowers operating expenses. Sliding table saw use is anticipated to increase as sectors look for more dependable and efficient cutting solutions, particularly in small and medium-sized enterprises that need high-quality, customizable cuts.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Panel Saw Industry. Request a Free Sample PDF!

Panel Saw Market Application Segment Analysis

According to Cognitive Market Research, the panel furniture segment holds the largest share of the market. Because panel saws can effectively cut large sheets of wood and engineered materials like MDF, plywood, and particleboard into exact proportions for furniture production, the market for panel saws is experiencing significant demand in the panel furniture sector. Panel saws guarantee precise, seamless cuts, allowing producers to create bespoke, high-quality panel furniture with little waste. Panel saws are becoming more and more popular in the furniture production industry due to their accuracy, speed, and affordability as the need for modular, space-saving, and personalized furniture increases, particularly in urban areas.

In the Panel Saw Market, the wood-based panel has been expanding at a rapid pace. The market for panel saws is expanding significantly in the wood-based panel application due to the rising demand for plywood, MDF, and particleboard in furniture, interior design, and construction. Panel saws are indispensable for the precise cutting of huge wood-based panels into uniformly sized pieces for usage in a variety of industries. They are perfect for producing wood-based items because they can precisely manage a variety of panel thicknesses and sizes. The need for panel saws in the wood-based panel application is growing as the furniture and construction industries grow, increasing productivity and reducing material waste.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Panel Saw Distribution Channel Outlook: Segment Analysis

Panel Saw Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the direct segment holds the largest market share. In the panel saw industry, the direct distribution channel is becoming more popular because it enables producers to sell their goods directly to consumers, including furniture makers, construction firms, and woodworking businesses. Because there are no middlemen involved, producers are able to provide competitive pricing, quicker delivery, and individualized customer care. Additionally, it fosters closer ties with clients, guaranteeing improved post-purchase assistance and customized solutions. The direct distribution channel is emerging as a successful strategy for expanding market reach and cultivating brand loyalty as the need for sophisticated, adaptable panel saws rises.

In the Panel Saw market, the rapidly growing sector is the indirect category. In the panel saw industry, where producers depend on distributors, resellers, and dealers to reach a larger client base, the indirect distribution channel is essential. Manufacturers can enter regional markets through this channel, particularly in places with weaker infrastructure for direct sales. The panel saw that businesses may take advantage of existing networks by collaborating with regional distributors, guaranteeing increased availability and market penetration. The indirect model is an essential tactic for growing market presence because it enables localized support, improving customer service, and fostering brand recognition in a variety of geographic areas.

• Direct
• Indirect

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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