Study on Global Rift Sawn Lumber Market Highlights Key Development Factors and Upcoming Trends During forecast 2018 to 2027

Fact.MR’s new report on the global Rift sawn lumber market includes the most credible insights on the market dynamics. Being the most expensive and rarely sought after wood product, demand for rift sawn lumber remains under the influence of micro as well as macroeconomic factors.

With the focus on changing economic scenario, growth of wood manufacturing and furniture industries, circular economy initiatives in furniture sector and evolving forestry legislation, the report forecasts growth of global rift sawn lumber market between the period 2018 and 2027. Based on this, the report delivers the most comprehensive insights of the market that are important to understand in making business decisions.

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Rift Sawn Lumber: Cost-Intensive Though Sturdy

Sawmill usually produces mainly three types of lumbers namely plain sawn, quarter sawn, and rift sawn. Some lumber types might overlap different sawn types. Among these types, rift sawing process is the most time consuming and wasteful, making the lumber cost-intensive. However, rift sawn lumbers have straight and fleck-free grains making the wood attractive for luxury homemakers that prefer custom furniture construction with a modern yet attractive design. In addition, rift sawn lumber are also used in manufacturing of musical instruments, decorative panels, and flooring.

Consistent Rise of the Luxury Real Estate Increasing Adoption

According to the U.S. Census Bureau and the Department of Housing and Urban Development, the numbers of new residential construction has increased steadily in past decade in the United States. Similarly, construction and engineering sector is steadily growing across the globe. With the increased investments in the real estate, luxury real estate sector is witnessing consistent demand. Rift sawn lumber, in particular, white oak rifts are preferred furniture wood in the luxury home furniture and flooring.
Rift Sawn lumbers of the white oak are famous for their aesthetics, resistance to decay, and stability. Due to a uniform grain appearance, rift white oak is primarily used for manufacturing furniture products such as moldings, stairs, floorings, and exteriors. In the dressing rooms and kitchen of luxury residence and constructions like a library, furniture is usually embellished with white oak rifts. Although sought after by limited end-users, the global market for rift sawn lumber is foreseen to remain steady. And the adoption of rift sawn lumber made from oak is likely to remain steady in the luxury real estate sector.

Steady Growth of the Furniture Sector to Fuel Demand

According to the UN Industrial Development Organization, globally, the manufacturers of wood products grew by 3.7% while the furniture manufacturing grew by 4% in 2017. This data represents rapidly rising economy and emerging markets and their impact on the steady growth of the furniture sector. The organization also reports gradual shift of the wood products demand from industrialized countries to developing countries. Urbanization and industrialization in the developing countries have led to their economic growth. Moreover, the world production of office furniture has increased significantly, particularly in Asia Pacific region, followed by North America and Europe.

Gradually shifting global economic scenario and increased disposable income have enabled more consumers to seek personalization and customization. As rift sawn lumbers are specifically preferred for customized furniture, with the increased purchase power, demand for rift sawn lumber is projected to remain steady during the forecast period.

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Development of Engineered Wood Barricading Adoption

Engineered wood is manufactured by compressing wood or wood pieces, held by adhesives and covered in veneer or laminate. Compared to original hardwood products, engineered wood products are cost-effective, long lasting, as well as resistant to scratches and dents. Further, due to their affordable and durable nature, engineered plywood is gradually dominating the furniture sector. In addition, rising importance of green building construction and circular economy in the furniture sector, engineered wood is considered the most environmentally sustainable option.

Stated facts are thoroughly discussed in the report, providing an in-depth industry outlook which can assist the financial community in making business decisions.

Regional Segments Analyzed Include

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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This release was published on openPR.