Timber Plants Market Outlook To 2029 - A Roadmap To Market Opportunities, Strategies, Trends, Companies, And Forecasts By Type, Application, Companies, Countries

Market Overview:

Global Timber Plants Market was valued at USD 3.90 Billion in 2021 and is expected to reach USD 4.91 Billion by the year 2028, at a CAGR of 3.32%.

Timber plants are normally medium or huge trees that have been chopped down to extricate the wood. This material will be used for building, papermaking, and other similar endeavors. The three kinds of timber trees are soft, semi-hard, and hardwood. There are currently more than 100,000 species of timber with wood in their trunks and branches; however, it is anticipated that only 500 of these species can be sold. In addition, most of the wood from these trees is used in countries other than their native ones. The Flora and Fauna International Trade Code oversees this, which includes wood species that can be sold and exported.

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Market Dynamics:

Driver:

The need for towns to make better use of their existing land grows with urbanization. In order to make room for brand-new, more cutting-edge buildings, outdated infrastructure is being dismantled. Besides, various memorable structures and designs have arrived at the finish of their valuable life and are presently not protected to occupy. Consequently, the building is demolished by the owner or the government to make way for a new one. In addition, in order to enhance the structures' aesthetics, houses have been reconstructed or altered with the help of sophisticated technologies.

Opportunities:

Growing Potential of Smart Furniture
Smart furniture is the furniture industry's future. Nowadays, furniture is more than just wooden objects that are placed in a home; contemporary furniture is fundamentally more complicated and can lead to different errands. Couch sets, for instance, are fitted with USB charging associations, permitting brilliant contraptions to be charged. Additionally, touch-activated lighting furniture has been introduced to the market. The home desk has integrated desktop USB access, making it simple for users to connect to any USB device.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

Based on the type, cross-laminated timber (CLT) is expected to dominate the timber plants market during the forecast period. CLT-based panels have significant benefits over traditional wood products and are now widely used in the United States, Canada, and Europe. Airborne and impact sound transmission are well controlled by CLT building systems. Because builders utilize sealant and other types of membranes to create air tightness and increase sound insulation at the interfaces between the floor and wall plates, CLT construction systems give extra acoustic benefits.

Based on the application, the residential building segment is expected to hold the maximum timber plants market share over the forecast period. All types of timbers are rapidly used in various applications in the residential sector. Timber is majorly utilized for the extensive range of applications from doors, roofs, columns, beams, furniture, walls, flooring, cabinets, and staircases, among others. In addition, timber is used in the production of furniture such as tables, chairs, sofa sets, cabinets, and wardrobes, is considered under this segment. The installation of wooden flooring is done while new reconstruction, construction, and renovation of buildings.

By Type:

•Cross-Laminated Timber (CLT)
•Engineered Timber Construction
•Solid Wood Elements
•Post-Beam
•Others

By Application:

•Residential Buildings
•Commercial Buildings
•Institutional Buildings
•Industrial Facility
•Others

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Regional Analysis for the Timber Plants Market:

Europe region is expected to dominate the timber plants market during the forecast period. The German economy is the highest in Europe and the fourth-largest in the globe. In 2019, the German economy grew by around 0.6%, which was its weakest growth rate in the last six years. The economic growth of the country is influenced by various factors, such as trade tensions leading to declined exports and tariff disputes triggered by the US government, and majorly owing to the COVID-19 virus outbreak. Construction accounts for ~11% of total industrial production output. The demand for timber for construction utilization is going to be turned by the solid performing construction sector. German construction companies are benefiting from growing demand for real estate, increased investments in buildings, and higher state spending on infrastructure. The improvement in construction has been motivated by the European Central Bank's ultra-low interest rates, a rising urban population, and high colonization over the past five years. The sector is also helping to propel the overall economic growth.

By Region:

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Timber Plants Market

•Stora Enso
•Binderholz
•KLH Massivholz
•Mayr-Melnhof Holz
•MHM Abbund-Zentrum
•Hasslacher Norica
•Merk Timber (ZÜBLIN)
•Lignotrend
•Eugen Decker
•XLam Dolomiti
•HMS Bausysteme

Key Industry Developments In Timber Plants Market

In March 2019 Kalesnikoff Lumber started construction of a new plant by investing around $35million in Vancouver, Canada which will manufacture cross-laminated timber.

In July 2019, the technology used to manufacture CLT by Katerra was upgraded for more ease in applications of high-performance, low-carbon buildings.

In November 2019, Stora Enso is launching a new building concept that makes it easier for architects, engineers, and developers to design office buildings from wood. The concept guides the use of prefabricated wooden building components. It also provides information to support the decision-making process for all major stakeholders involved in an office building project.

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Key Benefits of This Market Research:

•Industry drivers, restraints, and opportunities covered in the report.
•Neutral perspective on the market performance.
•Recent industry trends and developments.
•Competitive landscape and strategies of key players.
•Potential and niche segments and regions exhibiting promising growth covered.
•Historical, current, and projected market size, in terms of value.
•In-depth analysis of the Timber Plants Market.

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