Global woodworking machinery sales to reach $6.1 billion by 2027

In the changed post COVID-19 business landscape, the global market for woodworking machinery estimated at $4.3 billion in 2020, and is projected to reach a revised size of $6.1 billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Lathe, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach $2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the planer segment ...