Press release
Wood Products Market Revenue, Demands and Gross Margin, Forecasts to 2030 | Weyerhaeuser Company, West Fraser Timber Co Ltd, Andersen Corporation
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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Key Players:
Georgia-Pacific Corporation; Weyerhaeuser Company; West Fraser Timber Co Ltd; Andersen Corporation; Celulosa Arauco y Constitucion, request sample for a complete list of companies.
The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.
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, planing, shaping, laminating, and assembling of wood products into bolts or lumber.
The Asia Pacific was the largest region in the global wood products market, accounting for 38% of the market in 2019. North America was the second largest region accounting for 27% of the global wood products market. Africa was the smallest region in the global wood products market.
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.
Markets Covered:
1) By Type: Finished Wood Products; Wood Processing; Manufactured Wood Materials
2) By Application: Residential; Commercial
Market Segment by Regions:
Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.
The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.
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Frequently Asked Questions about “Wood Products market” :
What will the Wood Products market size/ forecast be in 2030?
What is the growth rate (CAGR) of the Wood Products market?
Who are the key players/top companies in the Wood Products market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Wood Products market?
What are the challenges to growth and the new opportunities in the Wood Products market?
Which is the highest growing region or country for the Wood Products market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
Note:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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