Manufactured Wood Materials Global Market 2024 – By Size, Trends, Share, Growth, Forecast To 2033 | Georgia-Pacific, Weyerhaeuser, Boise Cascade

The Manufactured Wood Materials by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Manufactured Wood Materials, The manufactured wood materials market size has grown strongly in recent years. It will grow from $281.94 billion in 2023 to $302.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the historic period can be attributed to emerging markets growth, growth in residential construction activity, and low interest rates.

The manufactured wood materials market size is expected to see strong growth in the next few years. It will grow to $393.61 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the forecast period can be attributed to growth of e-commerce, increasing demand for wooden furniture, and urbanization. Major trends in the forecast period include offering customized engineered wood products to the construction industry, automation and robotics technologies to enhance production efficiency and reduce costs, implementing tracking and tracing technology to enhance their credibility among stakeholders, and focus on incorporating new and improved techniques in harvesting logs to increase wood volume with less residual damage.

The increasing demand for construction is expected to propel the growth of the manufactured wood materials market going forward. Construction refers to the process of planning, designing, building, and assembling physical structures, facilities, or infrastructure. Manufactured wood materials can have positive economic, environmental, and societal impacts by promoting sustainability, innovation, and efficiency in the construction industry. For instance, in September 2021, according to Oxford Economics, a UK-based economic information services company, the global construction output between 2020 and 2030 is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. The increasing demand for construction is driving the growth of the manufactured wood materials market .

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The manufactured wood materials market covered in this report is segmented –
1) By Type: Reconstituted Wood, Plywood, Veneer Sheets
2) By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants
3) By Application: Residential, Commercial

Manufactured wood material companies are increasingly integrating automation and robotics in their operations to enhance productivity and reduce costs. Robotics are generally being adopted in those functional areas where working conditions for human labor are not safe and it can be implemented to complement human labor to increase operational efficiency. Automation is being utilized to reduce the time taken to manufacture reconstituted wood products and thereby improving process efficiency. According to a survey by the Manufacturers Alliance and the MN Precision Manufacturing Association, 38% of the respondents were currently using automation or robotics, and 32% of the respondents were in the process of implementing automation or robotics. Major companies providing automation equipment include Timber Automation and CG Power and Industrial Solutions.

The manufactured wood materials market report table of contents includes:
1. Executive Summary
2. Manufactured Wood Materials Market Characteristics
3. Manufactured Wood Materials Product/Service Analysis -Product/Service Examples
4. Manufactured Wood Materials Market Trends And Strategies
5. Manufactured Wood Materials Market – Macro Economic Scenario
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31. Belgium Manufactured Wood Materials Market
32. Denmark Manufactured Wood Materials Market
33. Finland Manufactured Wood Materials Market
34. Ireland Manufactured Wood Materials Market
35. Netherlands Manufactured Wood Materials Market

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