Sawmill machinery market grows to $2 billion by 2031 driven by wood product demand

Shital Wagh06 Nov, 2024Business

The global sawmill machinery market is growing rapidly, valued at $1.42 billion in 2023 and projected to reach $2.02 billion by 2031. This growth is driven by increased demand for wood products in construction and manufacturing. North America currently leads the market, holding a 40.2% share in 2023. The region is expected to maintain its dominance due to urbanization and infrastructure development, alongside rising wood product demand