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

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. Key players in the market include HewSaw, BID Group Technologies, and SAB - Sägewerksanlagen GmbH. Innovations and new product launches are shaping the competitive landscape as companies adapt to changing industry needs.