Woodworking Equipment Market Size Worth USD 7.56 Billion in 2032 | Emergen Research [Yahoo! Finance]
MAKITA CORP SPON ADR (MKTAY)
US:NASDAQ Investor Relations:
makita.biz/ir/index.html
Company Research
Source: Yahoo! Finance
Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The global woodworking equipment market size was USD 4.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.0% during the forecast period. Increasing adoption of precise engineering and rising awareness about environmental issues are key factors driving market revenue growth. The rising adoption of sustainable practices within the woodworking industry is another factor driving market revenue growth. With environmental concerns, such as deforestation, greenhouse gas emissions, pollution, and waste generation, becoming more prominent, both consumers and businesses are actively seeking eco-friendly and sustainable solutions. This increasing awareness has compelled woodworking companies to revaluate their production processes and invest in woodworking equipment that aligns with sustainable principles. However, increasing popularity of power tools is due to their significance in simplifying woodworking processes and impr
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