What Does the Historical and Current Manufactured Wood Materials Market Size Trend Indicate?
The manufactured wood materials market has seen considerable growth due to a variety of factors.
• The market size of manufactured wood materials has witnessed robust growth in the past few years. The value of this market is projected to increase from $306.04 billion in 2024 to $329.7 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.7%.
The reasons for this upswing in the past can be traced back to the development of emerging markets, a surge in residential construction activity, and the prevalence of low interest rates.
What Is the Forecasted Market Size and Growth Rate for The Manufactured Wood Materials Market?
The manufactured wood materials market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the market size of manufactured wood materials is projected to surge significantly. It is predicted to reach $428.69 billion in 2029, showcasing a compound annual growth rate (CAGR) of 6.8%.
The expansion during the forecast period can be credited to the rise of e-commerce, escalating demand for wooden furniture, and the progression of urbanization. Key trends during the prediction period involve providing bespoke engineered wood products for the construction sector, adoption of automation and robotics technologies, application of tracking and tracing technology, and a concentration on integrating new and enhanced methods in the process of logging to augment wood volume while minimizing residual damage.
What Are The Essential Drivers Behind The Growth Of The Manufactured Wood Materials Market?
The surge in construction requirements is anticipated to stimulate the expansion of the manufactured wood materials market. This process involves the conception, design, creation, and assembly of physical facilities, structures, or infrastructures. Manufactured wood materials have the potential to generate favourable economic, environmental, and social effects by encouraging sustainability, creativity, and efficiency in the construction sector. For example, TST Europe AG, a non-governmental agency headquartered in Switzerland, reported in June 2024 that total U.S. construction expenditure hit $1.98 trillion in 2023, marking a 7.4% growth from the previous year. There were around 745,000 construction firms in the U.S. as of 2023. This rising need for construction is fuelling the manufactured wood materials market's expansion.
What Are The Main Segments Of The Global Manufactured Wood Materials Market?
The manufactured wood materials market covered in this report is segmented –
1) By Type: Reconstituted Wood, Plywood, Veneer Sheets
2) By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants
3) By Application: Residential, Commercial
Subsegments:
1) By Reconstituted Wood: Particleboard, Medium-Density Fiberboard (MDF), Oriented Strand Board (OSB)
2) By Plywood: Softwood Plywood, Hardwood Plywood, Marine Plywood
3) By Veneer Sheets: Natural Veneer, Backed Veneer, Reconstituted Veneer
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What Emerging Trends Are Influencing The Growth Of The Manufactured Wood Materials Market?
Companies dealing in manufactured wood materials are progressively incorporating automation and robotics into their processes with the objectives of boosting productivity and cutting costs. A notable trend is that robotics is primarily being adopted in sectors where it isn't safe for human workers and it can be employed to augment human labour, thereby elevating operational efficiency. In an attempt to decrease the duration required for the production of reconstituted wood products and elevate process efficiency, automation is brought into use. A survey conducted by the Manufacturers Alliance and the MN Precision Manufacturing Association revealed that 38% of the respondents have already incorporated automation or robotics, and 32% of them were in the phase of integrating automation or robotics into their operations. Key companies supplying automation equipment are Timber Automation and CG Power and Industrial Solutions.
Who Are the Key Players in the Manufactured Wood Materials Market?
Major companies operating in the manufactured wood materials market include:
• Georgia-Pacific
• Weyerhaeuser
• Boise Cascade
• West Fraser Timber Co Ltd
• Universal Forest Products
• UPM-Kymmene Corporation
• Metsa Group
• Potlatch Corporation
• Austral Plywoods Pty Ltd
• Eksons Corporation Bhd
• Jilin Sen Workers' Forming Group Co. Ltd.
• Daya Shengxiang Home Co. Ltd.
• Xuzhou Mega Industries
• Yalong Wood
• Century Plyboards India Ltd
• Greenply Industries Ltd
• HOKUSAN
• Caledonian Plywood Company Ltd
• Hanson Plywood
• Garnica Plywood Samazan
• IMCA Panels
• Templin OHG
• Syktyvkar Plywood Mill LTD
• Plyterra Group
• Segezha Group
• JAF Group
• Au-Mex
• Hancock Timber Resource Group
• RSH Forest Products
• Sierra Pacific
• Berneck
• Araupel
• Linea Parana Madeiras Ltda
• Imaribo
• Middle East Wood
• Mazi Orman Urunleri Ltd.
• Dastas Demircioglu Agac A.S.
• Daco Parquet Factory AS
• Gabon Veneer
• Merensky
• Miro Forestry and Timber Products
• United Forest Products
• Afeefa Overseas Sarl Gabon
• Okoume Face Veneer
What Is The Most Dominant Region In The Manufactured Wood Materials Market?
Asia-Pacific was the largest region in the manufactured wood materials market in 2024. North America was the second largest region in the manufactured wood materials market. The regions covered in the manufactured wood materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
