According to the research report titled ‘Global Woodworking Router Bits Market Size study, by Operation (Woodworking Router Bits for Jointing & Rebating, Woodworking Router Bits for Cutting, Woodworking Router Bits for Grooving) by Tool Type (Rabbeting Bits, Door/Window Making Router Bits, Flush Trim Router Bits, Edge Making Router Bits, Grooving Router Bits, Slot Making Router Bits, Spiral Router Bits, Straight Router Bits, Others (Chamfer, Bead, Dove Tail, Thumbnail, Molding, Round Over, Flat Rounding, Ogiee, Cove, Stile)) by Shank Size (1/2" Woodworking Router Bits, 1/4" Woodworking Router Bits, 3/8" Woodworking Router Bits, 3/4" Woodworking Router Bits, 5/8" Woodworking Router Bits, 5/16" Woodworking Router Bits) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global woodworking router bits market is expected to register a healthy CAGR during the study period.

The expanding furniture sector and increasing usage of wood in various end-user verticals are some of the key factors driving the expansion of global woodworking router bits market.

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For those unaware, woodworking router bits are utilized to create wood joints as well as shape the edges of the wood. Moreover, for creating decorative effects, router bits are available in a wide range of styles.

Aside from this, the increasing urbanization, rising disposable income, and growing construction sector in emerging economies are likely to stimulate the overall market growth. However, decreasing wood supply due to strict government restrictions and fluctuating cost of raw materials is likely to impede the growth of the market over the analysis period.

Based on the operation landscape, the woodworking router bits market is divided into grooving, cutting, and jointing & rebating.

Moving on to the tool type, the industry is fragmented into straight, spiral, slot making, grooving, edge making, flush trim, door/window making, rabbeting, and others which further include stile, cove, ogiee, flat rounding, round over, molding, thumbnail, dove tail, bead, chamfer.

As per shank size, the market is segregated into 5/16’, 5/8’, ¾’, 3/8’, ¼’, and ½’ woodworking router bits.

Regionally, North America is calculated to capture the largest market share over the forecast timeframe, owing to the increasing demand for wood in residential and commercial construction applications.

Meanwhile, Asia-Pacific woodworking router bits industry is estimated to witness a modest CAGR over the forecast period, primarily ascribed to rapid urbanization and surging per capita income.

Sistemi Klein Pvt. Ltd., Dimar Group Pvt. Ltd., Woodcraft Supply LLC, Whiteside Machine Company, Vortex Tool Company Inc., Freud Tools Pvt. Ltd., Amana Tool Corporation, Kanefusa Corporation, Stanley Black & Decker Inc., and Robert Bosch Tool Corporation are the major market players operating in global woodworking router bits industry.