What Has Been The Historical And Current Growth Of The Wood Manufacturing Market?
The wood manufacturing market has seen considerable growth due to a variety of factors.
•In recent times, the market size of wood manufacturing has experienced slight growth. The market is projected to expand from $473 billion in 2024 to approximately $482.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 1.9%.
This growth observed in the historic period is due to factors such as sustainable initiatives and certification processes, innovative techniques in wood finishing, an increase in construction due to urbanization, government guidelines, and regulations, as well as a rise in consumer preference for wooden products.
What Is The Forecast For The Wood Manufacturing Market By 2029?
The wood manufacturing market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for steady expansion in the wood manufacturing market in the upcoming years. The predicted growth sees this market reaching $549.71 billion by 2029 with a compound annual growth rate (CAGR) of 3.3%.
This projected growth during this period can be linked to factors such as circular economy practices, trends in mass timber construction, the influence of e-commerce on wood furniture production, improvements in energy efficiency during wood processing, and adaptability to climate change. Key trends anticipated during this period include sustainable practices and certification, innovation in manufacturing technologies, advancements of wood-based materials, digitalization of the supply chain, circular economy practices, and expansion of the global market.
Which Drivers Are Accelerating Growth In The Wood Manufacturing Market?
The escalating preference for wooden furniture is predicted to drive the expansion of the wood manufacturing industry. Wooden furniture is constituted mainly from wood and is available in a variety of styles, designs, and finishes, including traditional, modern, rustic, and contemporary. The role of wood manufacturing is vital in the creation of wooden furniture, such as indoor and outdoor pieces, lumber production, specific size timber, et cetera. For example, the data from the United States International Trade Commission (USITC), a governmental agency of the US, showed that the country imported wooden furniture worth $2.3 billion in June 2022, marking an increase of 5.7% compared to the same period in the previous year. In the first half of 2022 alone, US wood furniture imports amounted to $13.7 billion, showing a year-on-year increments of 10.6%. As such, the growing consumer preference for wooden furniture is contributing to the forward momentum of the wood manufacturing industry.
What Are The Core Segments Of The Global Wood Manufacturing Market?
The wood manufacturing market covered in this report is segmented –
1) By Type: Millwork, Veneers, Engineered Wood Products, Wood Containers And Pallets, Manufactured Home, Other Types
2) By Application: Domestic, Commercial
3) By End User: Construction, Furniture, Packaging And Joinery Industries, Other End Users
Subsegments:
1) By Millwork: Molding And Trim, Doors, Windows, Staircases
2) By Veneers: Natural Veneers, Reconstituted Veneers, Backed Veneers
3) By Engineered Wood Products: Plywood, Oriented Strand Board (OSB), Laminated Veneer Lumber (LVL), Glue-laminated Timber (Glulam)
4) By Wood Containers And Pallets: Shipping Pallets, Crates, Bins, Boxes
5) By Manufactured Home: Modular Homes, Prefabricated Homes, Mobile Homes
6) By Other Types: Wood Flooring, Wood Paneling, Specialty Wood Products
Pre-Book The Wood Manufacturing Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Trends Are Reshaping The Wood Manufacturing Market Size?
Prominent firms in the wood production market are forming strategic alliances to offer comprehensive sustainable solutions, as a means of promoting environmental responsibility and satisfying customer needs. Such alliances allow businesses to pool their resources and strengths for shared success and benefits. As an example, TimberHP, a U.S. manufacturer that specializes in creating advanced wood insulation products for energy-conserving construction, formed a partnership with Saint-Gobain, a French manufacturing company, in July 2024. The objective of this alliance is to increase distribution capabilities by granting CertainTeed Inc. distribution rights for TimberHP’s insulation materials throughout North America, including exclusive rights on distribution. The primary goal is to accelerate the Madison plant to maximum capacity, with the anticipation of TimberBoard production by the end of the current year. TimberBatt and TimberFill have been in production for a number of months, setting them apart as pioneering products in the market.
Who Are the Key Players in the Wood Manufacturing Market?
Major companies operating in the wood manufacturing market include:
• Stora Enso Inc.
• Binderholz Inc.
• KLH Massivholz GmbH
• HASSLACHER Holding GmbH
• Lignotrend Inc.
• Eugen Decker Holzindustrie KG
• Schilliger Holz AG
• Structurlam Mass Timber Corporation
• Moser Woods Products LLC
• Holzwerke Bullinger GmbH & Co.
• SCHNEIDE GmbH
• Pfeifer Holz GmbH
• Weyerhaeuser Company
• Novawood AS
• Andersen Corporation
• Arauco North America
• Boise Cascade Company
• Canfor Corporation
• Columbia Forest Products Inc.
• Georgia-Pacific LLC
• Hampton Lumber
• Huber Engineered Woods LLC
• Interfor Corporation
• Louisiana-Pacific Corporation
• LP Building Solutions
• Moelven Industrier ASA
• Murphy Company
• Norbord Inc.
• PotlatchDeltic Corporation
• Rayonier Advanced Materials Inc.
• Resolute Forest Products Inc.
• Roseburg Forest Products
• Sierra Pacific Industries
• Svenska Cellulosa Aktiebolaget SCA
• Timber Products Company
• Tolko Industries Ltd.
• Universal Forest Products Inc.
• West Fraser Timber Co. Ltd.
What are the Regional Insights into the Wood Manufacturing Market?
Asia-Pacific was the largest region in the wood manufacturing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global wood manufacturing market report during the forecast period. The regions covered in the wood manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
