Sawmill Machinery Market Report By Insights, Size, and Growth - 2031

The sawmill machinery sector is projected to expand from approximately US$ 1,419.42 million in 2023 to around US$ 2,018.73 million by 2031, reflecting a compound annual growth rate (CAGR) of 4.5% throughout the forecast period. This report outlines the growth potential driven by current trends in the sawmill machinery market and their anticipated effects over the coming years.

The global sawmill machinery market is segmented based on type and application. In terms of type, the market is classified into fixed sawmills and portable sawmills, with the portable sawmill segment expected to dominate during the forecast period. The surge in investments and the rising demand for wood products are key factors propelling the sawmill market forward.

From a geographical perspective, the sawmill machinery market is divided into regions including North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is anticipated to maintain the largest market share in 2023 and is expected to uphold its leading position throughout the forecast period. Contributing factors include a robust construction sector, extensive forest coverage, and heightened energy demands. Notably, in 2023, Germany's Agriculture Ministry proposed a 30% increase in the wood quota for residential construction, indicating a continuous rise in the construction industry that is likely to boost wood demand in the years ahead.

Europe is projected to experience the highest CAGR during the forecast period, driven by its vast forest resources and significant furniture export activities. The wood-panel industry in Germany alone generated US$ 6.6 billion in revenue in 2021, marking a 23.7% increase from 2020, largely due to the growing need for wood products in construction. This trend has led to a heightened demand for sawmills and plywood manufacturing facilities in Germany, thereby stimulating the sawmill machinery market.

Italy boasts a forest area of approximately 10 million hectares, which constitutes about one-third of its total land and roughly 5% of the forested area in Europe. Ranking sixth in Europe for forested land, Italy follows Sweden, Finland, Spain, France, and Germany. Consequently, woodworking is a significant industry within Italy, which is also a leading exporter of wood furniture in the European Union. The construction sector's reliance on wood is notably high, driven by the increasing demand for sustainable materials. The reduction in construction project timelines, coupled with the need for high-performance materials, has led to a growing interest in prefabricated construction solutions. Wood-based prefabricated components represent approximately 2.8% of housing assets and around 8.5% of the total construction reserve in Italy. Therefore, the strong furniture sector and its integration into construction have resulted in a rising demand for woodworking equipment, including sawmill machinery, in recent years. Furthermore, Italian manufacturers are at the forefront of the eco-friendly movement, investing in innovative processes and alternative materials that significantly lower their carbon emissions. This growing application of wooden products is further driving the sawmill machinery market in Italy.

Key players in the sawmill machinery market include HewSaw, BID Group Technologies Ltd., Esterer WD GmbH, Mendes Maquinas, SAB Sagewerksanlagen GmbH, Real Performance Machine, and Linck. These companies primarily focus on enhancing their products and services by incorporating advanced features and technologies into their offerings.