Sawmills Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Sawmills Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The sawmills market size has grown strongly in recent years. It will grow from $118.3 billion in 2023 to $125.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to housing construction demand, furniture and wood products manufacturing, economic conditions, population growth and urbanization, export markets..

The sawmills market size is expected to see strong growth in the next few years. It will grow to $155.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to housing and infrastructure development, renewable and sustainable construction, global wood products trade, e-commerce and packaging, environmental conservation and certification.. Major trends in the forecast period include digitalization in inventory management, supply chain resilience, worker safety and ergonomics, market expansion and global trade, use of alternative wood species, innovations in timber grading, investments in r&d and process optimization..

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Market Drivers and Trends:

The rising demand for wood and wood products is expected to propel the growth of the sawmills market going forward. There is a rising demand for wood and wood products in various industries, including construction, furniture, packaging, and paper production. A wood product is any object made of or primarily constructed of solid wood, wood composition, bamboo, and/or rattan. Wood is used in sawmills for woodworking and sawing wood logs into planks and scants. For instance, in October 2022, according to a report shared by the Food And Agriculture Organization of the United Nations, the global consumption of fuelwood from forests is expected to reach 2.1 billion to 2.7 billion cubic meters in 2050, up from 1.9 billion cubic meters in 2020, representing an increase of 11% to 42%. Therefore, the rising demand for wood and wood products is driving the growth of the sawmills market.

Product innovation is a key trend gaining popularity in the sawmills market. Major companies operating in the sawmills industry are focused on developing innovative solutions to strengthen their position in the market. For instance, in November 2022, Wood-Mizer Holdings, Inc., a US-based machinery industry company, introduced an entry-level LX55 Portable Sawmill. The operation of the LX55 is distinctive in that it combines mechanical log handling with a fast saw head held high hand crank and a simple push feed system. The LX55 sawmill also features a low bed profile for simple log load capacity, quick-adjust log fasteners, and side claims to support for trying to secure and going to turn logs on the bed.

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Major Key Players of the Market:

West Fraser Timber Co. Ltd.; Canfor Corporation; Weyerhaeuser Company; Stora Enso Oyj; Georgia-Pacific LLC; Interfor Corporation; Sierra Pacific Industries; Hampton Affiliates Inc.; Celulosa Arauco y Constitución SA; Tolko Industries Ltd.; HS Timber Group; Pfeifer Brothers Construction Co. Inc.; Klausner Holz Thüringen GmbH; Södra Skogsägarna ekonomisk förening; Moelven Industrier ASA; Ante-holz GmbH; Resolute Forest Products Inc.; Rayonier Advanced Materials Inc.; Norbord Inc.; PotlatchDeltic Corporation; Universal Forest Products Inc.; Boise Cascade Company; Louisiana-Pacific Corporation; Arauco North America Inc.; Roseburg Forest Products Co.; KapStone Paper and Packaging Corporation; Stella-Jones Inc.; Mercer International Inc.; Domtar Corporation; Wood-Mizer LLC; TimberKing Inc.; Baker Products Inc.; Hudson Forest Equipment; Brewco Inc.

Sawmills Market 2024 Key Insights:

• The sawmills market will grow to $155.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Rising Demand For Wood Products To Drive Market Growth
• Product Innovations Transforming The Sawmills Market
• Asia-Pacific is expected to be the fastest-growing region in 2023

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