<p>Tool condition monitoring (TCM) is essential for advancing the wood-based material processing industry, particularly in the context of rapid technological progress. Unlike metal cutting, wood-based material cutting presents unique challenges that require existing TCM systems to be carefully adapted. Despite its importance, research specifically targeting TCM in wood-based processing remains sparse, with most studies focusing on cutting mechanisms rather than monitoring solutions. This paper offers a comparative analysis, synthesizing insights from cutting mechanisms and TCM to address this gap. It further explores the broader integration of TCM into wood processing, highlighting current challenges and limitations. By bridging these knowledge gaps, the study provides a foundation for improving TCM applications in wood-based material cutting.</p>