Woodworking Machinery Market Report 2023-2028 | Industry Trends, Market Share, Size, Growth and Opportunities
The latest report by IMARC Group, titled “ Woodworking Machinery Market Report by Product (Grinding Machines, Routers, Planers, Drills, Saws, and Others), Operating Type (Electrical, Mechanical), End Use (Furniture Industry, Construction Industry, and Others), and Region 2023-2028 ”, offers a comprehensive analysis of the industry, which comprises insights on the woodworking machinery market report . The global market size reached US$ 3.74 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.68 Billion by 2028, exhibiting a growth rate (CAGR) of 4.00% during 2023-2028. Factors Affecting the Growth of the Global Woodworking Machinery Industry: Growing Construction and Renovation Activities: The growth of the construction sector, particularly in residential and commercial spaces, significantly influences the woodworking machinery market. As new buildings rise and renovation projects increase, there is a corresponding demand for wood products, including fur...