Overview and Scope
Wood manufacturing refers to the process of converting raw wood materials into finished wood products through various stages of production. It involves the use of machinery, equipment, and skilled labor to transform wood logs, lumber, or other wood materials into a wide range of wood products used for various purposes.
Sizing and Forecast
The wood manufacturing market size has grown steadily in recent years. It will grow from $465.31 billion in 2023 to $476.15 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to sustainable practices and certification, innovations in wood finishing, urbanization and construction boom, government policies and regulations, consumer preferences for wooden products.
The wood manufacturing market size is expected to see steady growth in the next few years. It will grow to $521.01 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The growth in the forecast period can be attributed to circular economy practices, mass timber construction trends, e-commerce impact on wood furniture manufacturing, energy efficiency in wood processing, resilience and adaptation to climate change. Major trends in the forecast period include sustainable practices and certification, advanced manufacturing technologies, innovations in wood-based materials, digitalization in supply chain management, circular economy practices, global market expansion.
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Segmentation & Regional Insights
The wood manufacturing market covered in this report is segmented –
1) By Type: Millwork, Veneers, Engineered Wood Products, Wood Containers And Pallets, Manufactured Home, Other Types
2) By Application: Domestic, Commercial
3) By End User: Construction, Furniture, Packaging And Joinery Industries, Other End Users
Asia-Pacific was the largest region in the wood manufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global wood manufacturing market report during the forecast period. The regions covered in the wood manufacturing 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 increasing demand for wooden furniture is expected to propel the growth of the wood manufacturing market going forward. Wooden furniture refers to furniture items that are made primarily or entirely from wood and come in various styles, designs, and finishes, ranging from traditional to modern, and rustic to contemporary. Wood manufacturing plays a critical role in the production of wooden furniture such as the production of indoor and outdoor furniture, produce lumber, timber of specific sizes, and others. For instance, in June 2022, according to the United States International Trade Commission (USITC), a US-based governing agency, the US import of wooden furniture reached $2.3 billion. The percentage increase was 5.7% as compared to June 2021. US imports of wood furniture were $13.7 billion in the first six months of 2022, up 10.6% year-on-year. Therefore, the increasing demand for wooden furniture is driving the growth of the wood manufacturing market going forward.
Key Industry Players
Major companies operating in the wood manufacturing market report are Stora Enso Inc., Binderholz Inc., KLH Massivholz GmbH, HASSLACHER Holding GmbH, Lignotrend Inc., Eugen Decker Holzindustrie KG, Schilliger Holz AG, Structurlam Mass Timber Corporation, Moser Woods Products LLC, Holzwerke Bullinger GmbH & Co., SCHNEIDE GmbH, Pfeifer Holz GmbH, Weyerhaeuser Company, Novawood AS, Andersen Corporation, Arauco North America, Boise Cascade Company, Canfor Corporation, Columbia Forest Products Inc., Georgia-Pacific LLC, Hampton Lumber, Huber Engineered Woods LLC, Interfor Corporation, Louisiana-Pacific Corporation, LP Building Solutions, Moelven Industrier ASA, Murphy Company, Norbord Inc., PotlatchDeltic Corporation, Rayonier Advanced Materials Inc., Resolute Forest Products Inc., Roseburg Forest Products, Sierra Pacific Industries, Svenska Cellulosa Aktiebolaget SCA, Timber Products Company, Tolko Industries Ltd., Universal Forest Products Inc., West Fraser Timber Co. Ltd.
The wood manufacturing market report table of contents includes:
- Executive Summary
- Wood Manufacturing Market Characteristics
- Wood Manufacturing Market Trends And Strategies
- Wood Manufacturing Market – Macro Economic Scenario
- Global Wood Manufacturing Market Size and Growth
- Wood Manufacturing Market Segmentation
- Wood Manufacturing Market Regional And Country Analysis
…………..
- Key Mergers And Acquisitions In The Wood Manufacturing Market
- Wood Manufacturing Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Wood Manufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Wood Manufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Wood Manufacturing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 74: Stora Enso Inc. Financial Performance
Table 75: Binderholz Inc. Financial Performance
Table 76: KLH Massivholz GmbH Financial Performance
Table 77: HASSLACHER Holding GmbH Financial Performance
Table 78: Lignotrend Inc. Financial Performance
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