DUBLIN, Ireland – Global sales of woodworking machinery are expected to increase at a compound annual growth rate (CAGR) of 5.1%, rising from $4.3 billion in 2020 to $6.1 billion in 2027, according to a recently released report by Research and Markets.

October's 30% drop marks the 10th straight month of year-over-year double-digit declines, according to the latest issue of Furniture Insights produced by Smith Leonard.

According to the KCMA's monthly Trend of Business Survey, participating cabinet manufacturers reported an increase in overall cabinet sales of 14.6% for October 2022 compared to the same month in 2021.

View the infographic with trends, statistics and projections for the wood components and industrial products industries. Wood components include: cabinet doors & drawers, furniture parts, mouldings & trim, turnings, dimension stock, stair parts & specialty items. Industrial Products include: pallets, reels, household utensils, crates, plus crossties and pellets.

View the infographic with trends, statistics and projections for the wood and laminate flooring industries.

View the infographic with trends, statistics and projections for the window and door industry.

View the infographic with trends, statistics and projections for the closets and home organization industry. The category includes: walk-in and reach-in closets, garages, mudrooms, pantries, laundry rooms, and related products.

View the infographic with trends, statistics and projections for the architectural woodwork/millwork and custom woodworking industries.

View the infographic with trends, statistics and projections for the retail fixtures industry.

View the infographic with trends, statistics and projections for the residential furniture industry.