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Robust Growth Forecasted for Global Sawmills Market: Key Insights into Market Size, Major Trends, and Market Drivers
Sawmills Market Size
What Is The Projected Market Size Of The Global Sawmills Market And Its Growth Rate?
The global sawmills market has demonstrated strong growth in recent years and further expansion is anticipated. Key statistics include:
• The sawmills market is projected to grow from $153.25 billion in 2024 to $162.53 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%.
• By 2029, the market size is expected to reach $200.54 billion, growing at a CAGR of 5.4%.
• Market growth can be attributed to factors such as housing construction demand, population growth and urbanization, and expanding export markets.
What Is Driving The Growth In The Sawmills Market?
The increasing demand for wood and wood products has a significant bearing on the growth of the sawmills market. Various industries, including construction, furniture, packaging, and paper production, have a rising demand for such products. Solid wood, wood composition, bamboo, and rattan sawn into planks and scants at sawmills are widely used in these industries. For instance, USDA Foreign Agricultural Service forecasts China's 2024 timber production to be 121 million cubic meters, up by two percent from 2023. This rising demand propels the overall growth of the sawmills market.
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Who Are the Key Players Driving Sawmills Market Growth?
Major players in the sawmills market include:
• 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.
What Are The Key Trends In The Sawmills Market?
Key trends in the sawmills market 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
What Are The Segments Of The Global Sawmills Market?
The global sawmills market is segmented by:
• Product: Softwood Lumber, Hardwood Lumber
• Technology: Chain Sawmills, Band Sawmills, Circular Sawmills
• Application: Construction, Furniture, Packaging And Joinery Industries, Others
Which Region Leads The Sawmills Market?
Asia-Pacific is expected to be the fastest-growing region in the sawmills market in 2024, with regions covered including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Sawmills Market Global Market Report?
- Market Size Analysis: Analyze the Sawmills Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sawmills Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sawmills Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sawmills Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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