DUBLIN, June 24, 2022 /PRNewswire/ — The “Wood Products Global Market Report 2022, By Type, By Application, By Distribution Channel” report has been added to ResearchAndMarkets.com’s offering.
The global wood products market is expected to grow from $631.11 billion in 2021 to $684.26 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The market is expected to grow to $903.33 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%.
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The wood products market consists of sales of wood products by entities (organizations, sole traders and partnerships) that produce products derived from wood. This industry includes businesses that produce lumber, plywood, veneers, wood containers, wood flooring, wood trusses, produced homes and prefabricated wooden buildings. Wood products production include sawing, planning, shaping, laminating, and assembling of wood products into bolts or lumber.
The main types of wood products are finished wood products, wood processing and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest goods including pulp and paper, building components, and tall oil. The different applications include residential and commercial. The products are distributed through offline and online channels.
Asia Pacific was the largest region in the wood products market in 2021. North America was the second largest region in the wood products market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Faster Economic Growth – The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth.
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The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.
The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies have implemented their own tracking systems to maintain transparency in their timber supply chain.
Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used.
Major companies in the wood products market include
- Weyerhaeuser Company
- LIXIL Group
- UFP Industries, Inc.
- JELD-WEN Inc.
- West Fraser Timber Co. Ltd.
- Canfor Corporation
- CELULOSA ARAUCO Y CONSTITUCION S.A.
- Louisiana-Pacific Corporation
- upm-kymmene oyj
- Builders FirstSource
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Wood Products Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Wood Products Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Wood Products Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Wood Products Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Wood Products Market Trends And Strategies
8. Impact Of COVID-19 On Wood Products
9. Wood Products Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Wood Products Market Regional Analysis
10.1. Global Wood Products Market, 2021, By Region, Value ($ Billion)
10.2. Global Wood Products Market, 2016-2021, 2021-2026F, 2026F, 2031F, Historic And Forecast, By Region
10.3. Global Wood Products Market, Growth And Market Share Comparison, By Region
11. Wood Products Market Segmentation
11.1. Global Wood Products Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Finished Wood Products
- Wood Processing
- Manufactured Wood Materials
11.2. Global Wood Products Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Residential
- Commercial
11.3. Global Wood Products Market, Segmentation By Distribution Channel , Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Offline
- Online
12. Wood Products Market Segments
12.1. Global Finished Wood Products Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) – Millwork; Wood Pallets & Skids; Prefabricated Home; Other Finished Wood Products
12.2. Global Wood Processing Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) – Sawmills; Wood Preservation
12.3. Global Manufactured Wood Materials Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) – Reconstituted Wood; Plywood; Veneer Sheets
13. Wood Products Market Metrics
13.1. Wood Products Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Wood Products Market Expenditure, 2016-2026, Global
For more information about this report visit https://www.researchandmarkets.com/r/3dtc40
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