What Has Been the Growth Trajectory of the Sawmills Market?
The sawmills market has seen considerable growth due to a variety of factors.
• There has been a notable expansion in the sawmills market over the recent past. The expected growth is from $153.25 billion in 2024 to $162.53 billion in 2025, projecting a compound annual growth rate (CAGR) of 6.1%. The boom in the past years is credited to the mounting demand for housing construction, manufacturing of furniture and wood-based items, economic scenarios, population surge and urbanization, along with international trading markets.
What Can Be Expected from the Sawmills Market?
The Sawmills market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the size of the sawmills market is projected to witness vigorous growth. The market is anticipated to expand to $200.54 billion by 2029, driven by a compound annual growth rate (CAGR) of 5.4%.
Development in housing and infrastructure, sustainable construction, global trading of wood products, e-commerce, packaging, environmental preservation, and certification, are all factors contributing to growth during the forecast period. The period is also likely to see major trends such as digitalisation in inventory management, resilience in the supply chain, improvements in worker safety and ergonomics, market growth and global trade, usage of alternative types of wood, innovative timber grading techniques, and investments in research and development and process optimisation.
What Are the Critical Driver Fuelling The Sawmills Market's Growth?
The spike in the need for wood and products made from it is anticipated to drive the expansion of the sawmills market in the future. Multiple sectors, including construction, furniture, packaging, and paper production, are displaying a growing need for wood and its derivative products. These could be any items that are made or mainly built from solid wood, wood composition, bamboo, and/or rattan. Within the setting of a sawmill, wood is utilised for woodworking purposes and the conversion of wooden logs into planks and scants. For instance, data from the USDA Foreign Agricultural service, an American governmental body focusing on foreign affairs, predicted in August 2023 that the timber output of China in 2024 (inclusive of logs and firewood) would reach 121 million cubic meters (m3), marking a two percent rise from the 119 million m3 achieved in 2023. As such, this escalating need for wood and associated products is fuelling the growth of the sawmill industry.
How Is The Sawmills Market segmented?
The sawmills market covered in this report is segmented –
1) By Product: Softwood Lumber, Hardwood Lumber
2) By Technology: Chain Sawmills, Band Sawmills, Circular Sawmills
3) By Application: Construction, Furniture, Packaging And Joinery Industries, Others Applications
Subsegments:
1) By Softwood Lumber: Dimensional Softwood Lumber, Engineered Softwood Products, Softwood Plywood
2) By Hardwood Lumber: Hardwoods, Hardwood Plywood, Engineered Hardwood Products
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What New Trends Are Influencing The Sawmills Market?
The trend of product innovation is becoming increasingly notable in the sawmills market. Leading enterprises in this sector are aiming to develop novel solutions to consolidate their market presence. For instance, in November 2022, Wood-Mizer Holdings, Inc., a machinery industry firm based in the US, announced the release of a beginner-friendly LX55 Portable Sawmill. The LX55 stands out for its unique operation, combining mechanical log handling with an elevated quick-adjust saw head that employs a hand crank and a straightforward push feed system. Additional features of the LX55 sawmill include a low bed profile for easy log loading, quick-adjust log fasteners, and side claims to assist with the securing and rotation of logs on the bed.
Who Are the Key Players In The Sawmills Market?
Major companies operating 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.
• HS Timber Group
• 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.
• Stella-Jones Inc.
• Mercer International Inc.
• Domtar Corporation
• Wood-Mizer LLC
• TimberKing Inc.
• Baker Products Inc.
• Hudson Forest Equipment
• Brewco Inc.
What Is The Most Dominant Region In The Sawmills Market?
Asia-Pacific is expected to be the fastest-growing region in 2024. The regions covered in the sawmills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
