Industry

Global Sawmills Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

A sawmill is a facility or factory where logs are processed and converted into lumber or other wood products such as plywood, particleboard, or wood chips using power-driven machines.

Sizing and Forecast

The sawmills market size has grown strongly in recent years. It will grow from $118.3 billion in 2023 to $125.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to housing construction demand, furniture and wood products manufacturing, economic conditions, population growth and urbanization, export markets..

The sawmills market size is expected to see strong growth in the next few years. It will grow to $155.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to housing and infrastructure development, renewable and sustainable construction, global wood products trade, e-commerce and packaging, environmental conservation and certification.. Major trends in the forecast period include digitalization in inventory management, supply chain resilience, worker safety and ergonomics, market expansion and global trade, use of alternative wood species, innovations in timber grading, investments in r&d and process optimization..

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Segmentation & Regional Insights

The sawmills market covered in this report is segmented –

1) By Product: Softwood Lumber, Hardwood Lumber
2) By Technology: Chain Sawmills, Band Sawmills, Circular Sawmills
3) By Application: Construction, Furniture, Packaging And Joinery Industries, Others Applications

Asia-Pacific is expected to be the fastest-growing region in 2023. The regions covered in the sawmills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rising demand for wood and wood products is expected to propel the growth of the sawmills market going forward. There is a rising demand for wood and wood products in various industries, including construction, furniture, packaging, and paper production. A wood product is any object made of or primarily constructed of solid wood, wood composition, bamboo, and/or rattan. Wood is used in sawmills for woodworking and sawing wood logs into planks and scants. For instance, in October 2022, according to a report shared by the Food And Agriculture Organization of the United Nations, the global consumption of fuelwood from forests is expected to reach 2.1 billion to 2.7 billion cubic meters in 2050, up from 1.9 billion cubic meters in 2020, representing an increase of 11% to 42%. Therefore, the rising demand for wood and wood products is driving the growth of the sawmills market.

Key Industry Players

Major companies operating in the sawmills market are forming partnerships to develop new products and strengthen their positions in the market. For instance, in August 2022, Pinja, a Finland-based information technology company partnered with MiCROTEC, an Italy-based wood processing solutions company to provide innovative digital solutions and value chain optimization for the sawmill industry. Pinja, known for its expertise in ERP, MES, and production optimization, will combine forces with MiCROTEC, a reknowned company in wood scanning using computed tomography and fingerprint technology. This collaboration aims to offer sawmills a comprehensive solution that integrates raw material supply, production cost data, and other critical information, enhancing operational efficiency and profitability. MiCROTEC’s advanced wood scanning technology, coupled with Pinja’s digital solutions, is expected to bring significant profitability improvements to sawmills by optimizing processes and providing detailed insights into the value chain and associated costs.

The sawmills market report table of contents includes:

1. Executive Summary

2. Sawmills Market Characteristics

3. Sawmills Market Trends And Strategies

4. Sawmills Market – Macro Economic Scenario

5. Global Sawmills Market Size and Growth

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31. Global Sawmills Market Competitive Benchmarking

32. Global Sawmills Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Sawmills Market

34. Sawmills Market Future Outlook and Potential Analysis

35. Appendix