Solid Growth Forecast For Global Woodworking Machinery Market

The global woodworking machinery market is projected to reach $6.1 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.1 per cent from 2020 to 2027, says a report from Research and Markets. The saw segment is expected to record 5.1 per cent CAGR and Canada will be one of the key drivers for this component. Overall, in the global woodworking machinery market, Canada is forecast to grow at 4.2 per cent CAGR over the 2020 to 2027 period.