Press release
Wood Products Market Report 2020-2030 | Covid 19 Impact And Recovery
Wood Products Market
The global wood products market is expected to decline from $677.5 billion in 2019 to $658.6 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $796 billion in 2023.
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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.
Robots are replacing traditional hand sanding and wood finishing tools. Robot based wood automation tool providers have launched robots that carry out wood sanding, polishing and finishing precisely and quickly. They are developing technologies for assembling a wooden window frame to routing designs in wood panels for a wide range of materials and surfaces. For instance, ABB’s robot automation solutions were implemented in leading companies such as IKEA, VELUX and Svedplan.
Wood Products Market Segmentation: -
By Type
Finished Wood Products
Wood Processing
Manufactured Wood Materials
By Application
Residential
Commercial
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Wood Products Market Characteristics
4. Wood Products Market Product Analysis
5. Wood Products Market Supply Chain
.
.
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20. Wood Products Market Competitive Landscape
21. Key Mergers And Acquisitions In The Wood Products Market
22. Market Background: Paper, Plastics, Rubber, Wood And Textile Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the Wood Products Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Wood Products Market are Georgia-Pacific Corporation; Weyerhaeuser Company; West Fraser Timber Co Ltd; Andersen Corporation; Celulosa Arauco y Constitución
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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