It depends on your comparison; a Lack table is maybe an extreme example.

I say this because I’m currently working on a project to build a full kitchen’s worth of cabinet carcasses using good quality 19mm plywood, and I’m aiming for it to be cost neutral with Ikea’s kitchen cabinets, having sourced the plywood from a local DIY store. (Obviously ignoring the cost of my existing tools.)

Which is to say, if you could source plywood in volume (therefore cheaper per square meter) and amortise the cost of the CNC machine and other tools over time, I think it would be feasible to be close to cost competitive with IKEA‘s kitchens.