How will the Increasing Building and Construction Activities Influence Sales of Woodworking Insert?

With the trend of urbanization creating deeper inroads, governments in several countries are undertaking numerous initiatives to upgrade old infrastructures and construct new ones.

For instance, according to a report by the India Brand Equity Foundation (IBEF), the Indian Government announced allocating US$ 1.89 Billion under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) to support the initiatives such as “Housing for All” and “Smart Cities Mission” in 2021.

As woodworking insert are extensively being used for the manufacturing of cabinets, doors, and other furniture items used in these infrastructures, this rise in construction activities across the globe is projected to create lucrative growth opportunities in the market.