Study: World demand for woodworking machinery to hit $6.1B by 2027
Global woodworking machinery market study

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.

The woodworking machinery market of China, the world’s second largest economy, is forecast to reach a projected market size of $1.2 billion by the year 2027 based on a CAGR of 7.8%. That would put China’s annual investment on woodworking machinery equivalent to the estimated $1.2 billion size of the U.S. market in 2020.

Research and Markets also noted that Canada’s woodworking machinery market will grow by 4.2% from 2020 through 2027. This compares to forecasted growth of 4.0% for Germany and 3.3% growth for Japan from 2020 to 2027.

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Rich Christianson | President/Owner/C-Level

Rich Christianson is the owner of Richson Media LLC, a Chicago-based communications firm focused on the industrial woodworking sector. Rich is the former long-time editorial director and associate publisher of Woodworking Network. During his nearly 35-year career, Rich has toured more than 250 woodworking operations throughout North America, Europe and Asia and has written extensively on woodworking technology, design and supply trends. He has also directed and promoted dozens of woodworking trade shows, conferences and seminars including the Cabinets & Closets Conference & Expo and the Woodworking Machinery & Supply Conference & Expo, Canada’s largest woodworking show.