By the Numbers is a monthly column providing facts and figures on the woodworking industry. 

By the Numbers is sponsored by IMA Schelling Group. 

$2.2 billion: Projected size of the global wood toy block market by 2033 (CAGR 5.1% 2024-2033), according to Growth Market Reports. Growth for wooden toys and blocks is being driven by increased consumer awareness of eco-friendly products and their educational benefits, despite the typical higher production costs. Regionally, North America and Europe continue to dominate in terms of revenue, owing to high consumer awareness, stringent safety regulations, and a strong presence of established brands. Asia Pacific has emerged as the fastest-growing market.

4.1%: Anticipated CAGR of the global office furniture market between 2025-2034, reaching $96.94 billion USD. Driving demand are ergonomic, flexible, and hybrid office solutions, especially as businesses continue to prioritize employee well-being, integrate technology into workspaces, and focus on sustainability. Claight Corp. (Expert Market Research) estimated 2024 at $64.86 billion.

1/2: The number of homeowners surveyed who expect to spend roughly the same amount on home improvement this year as last, according to HIRI. Another third said they expect to spend more. HIRI’s Home Improvement Spending in 2026 study also found homeowners expect to spend an average of $3,100 on home improvement over the next 12 months, with $24,000, on average, to be spent on major renovations.

By the Numbers is sponsored by IMA Schelling Group.