Market Overview:
The global woodworking router bits market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for woodworking router bits from private and commercial applications. In terms of type, the 1/2" segment is expected to hold the largest share in the global woodworking router bits market during the forecast period. This can be attributed to its high demand from commercial applications such as furniture manufacturing and architectural millwork. In terms of region, North America is expected to hold the largest share in the global woodworking router bits market duringthe forecast period followed by Europe and Asia Pacific.
Product Definition:
Woodworking Router Bits are used to create various shapes in wood by removing material with a cutting edge. They come in a variety of shapes and sizes, depending on the type of cut you want to make.
1/2":
1/2" is a popular bit type used in routers. It's small size and high functionality make it an ideal choice for routing out the inside of pieces such as furniture, boxes, or drawers. The growth factor in this market is dependent on several factors such as current economic conditions, product demand (in terms of features), and industry trends.
The 1/2" router bits are smaller than their counterparts - typically ranging from 3/4" to 7/8".
1/4":
The 1/4" is a dimension of bit used in routers. It is an important tool for woodworking as it allows the working of very small parts and pieces with great accuracy. The 1/4" bits are available in different shapes and sizes which allow the user to choose according to their requirements.
Application Insights:
The private application segment accounted for the largest share of more than 60.0% in 2017. The rising demand for residential and personal furniture, office equipment, bed room sets and kitchen cabinets is expected to drive the product demand in this segment over the forecast period. In addition, increasing penetration of social networking websites has created a high demand for internet-of-things (IoT) devices which require woodworking routers as they are compatible with a large number of materials used in IoT manufacturing such as plastics, glass fiber reinforced polymers (GFK), metals and hardwood among others.
Commercial application is projected to expand at the fastest CAGR exceeding 8% from 2018 to 2030 owing to increased product adoption by manufacturers including Boeing Commercial Airplanes Group; Airbus; Embraer S/A; Bombardier Inc.; Cessna Aircraft Company; Textron Aviation, Inc.; Augusta Westland Ltd.
Regional Analysis:
North America dominated the global woodworking router bits market in 2017. The growth is attributed to the increasing demand for routers from consumers at home as well as commercial places such as hotels, hospitals, restaurants and malls. Moreover, high adoption of power tools among hobbyists and DIYers is expected to propel regional product demand over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the next eight years owing to rising disposable income coupled with growing population especially in China and India which are major manufacturing hubs for furniture, door hardware products including hinges & handles among others using woodworking machinery manufactured by global players such as DeWalt Corporation; Makita Corporation; Bosch Tools GmbH; Stanley Black & Decker Inc.; Einhell Ltd.; etc. High production volume along with low labor cost attracts manufacturers from developed countries particularly U.S., Canada & Germany who export their machines that include table saws/machines made by General Electric Company (U.S.
Growth Factors:
- Increasing demand for woodworking router bits in the furniture and construction industries.
- Growing popularity of do-it-yourself (DIY) projects, which is driving the demand for woodworking router bits.
- Rising disposable income of consumers, which is resulting in an increase in spending on home improvement projects that use woodworking router bits.
- Technological advancements that are making routers more efficient and versatile, thereby increasing their demand among consumers and professionals alike.
- The growing trend of customization in home décor, which is fueling the demand for unique woodworking router bit designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Woodworking Router Bits Market Research Report
By Type
1/2", 1/4", 3/8", 3/4", 5/8", 5/16"
By Application
Private, Commercial
By Companies
Robert Bosch Tool Corporation, Stanley Black and Decker, CMT Utensili SpA, Amana Tool Corporation, Freud Tools, Vortex Tool Company Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Woodworking Router Bits Market Report Segments:
The global Woodworking Router Bits market is segmented on the basis of:
Types
1/2", 1/4", 3/8", 3/4", 5/8", 5/16"
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Private, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Robert Bosch Tool Corporation
- Stanley Black and Decker
- CMT Utensili SpA
- Amana Tool Corporation
- Freud Tools
- Vortex Tool Company Inc.
Highlights of The Woodworking Router Bits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1/2"
- 1/4"
- 3/8"
- 3/4"
- 5/8"
- 5/16"
- By Application:
- Private
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Woodworking Router Bits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A woodworking router bit is a specialized tool used in the woodworking process. It is a small, handheld device that attaches to the router and allows you to make precise cuts in your project. Router bits come in a variety of shapes and sizes, so you can find one that best suits your needs.
Some of the major players in the woodworking router bits market are Robert Bosch Tool Corporation, Stanley Black and Decker, CMT Utensili SpA, Amana Tool Corporation, Freud Tools, Vortex Tool Company Inc..
The woodworking router bits market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Woodworking Router Bits Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Woodworking Router Bits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Woodworking Router Bits Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Woodworking Router Bits Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Woodworking Router Bits Market Size & Forecast, 2020-2028
4.5.1 Woodworking Router Bits Market Size and Y-o-Y Growth
4.5.2 Woodworking Router Bits Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1/2"
5.2.2 1/4"
5.2.3 3/8"
5.2.4 3/4"
5.2.5 5/8"
5.2.6 5/16"
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Private
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Woodworking Router Bits Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Woodworking Router Bits Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1/2"
9.6.2 1/4"
9.6.3 3/8"
9.6.4 3/4"
9.6.5 5/8"
9.6.6 5/16"
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Private
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1/2"
10.6.2 1/4"
10.6.3 3/8"
10.6.4 3/4"
10.6.5 5/8"
10.6.6 5/16"
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Private
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1/2"
11.6.2 1/4"
11.6.3 3/8"
11.6.4 3/4"
11.6.5 5/8"
11.6.6 5/16"
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Private
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1/2"
12.6.2 1/4"
12.6.3 3/8"
12.6.4 3/4"
12.6.5 5/8"
12.6.6 5/16"
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Private
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1/2"
13.6.2 1/4"
13.6.3 3/8"
13.6.4 3/4"
13.6.5 5/8"
13.6.6 5/16"
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Private
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Woodworking Router Bits Market: Competitive Dashboard
14.2 Global Woodworking Router Bits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch Tool Corporation
14.3.2 Stanley Black and Decker
14.3.3 CMT Utensili SpA
14.3.4 Amana Tool Corporation
14.3.5 Freud Tools
14.3.6 Vortex Tool Company Inc.
