Manufactured Wood Materials Global Market To Reach Value Of About $344 Billion In 2025
25 Feb, 2021
The manufactured wood materials market consists of sales of produced wood materials by entities (organizations, sole traders and partnerships) that produce veneer, plywood, engineered wood members and reconstituted wood products. Some products produced by this industry include hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards. The manufactured wood materials market is segmented into reconstituted wood; plywood and veneer sheets.
Global Manufactured Wood Materials Market Size And Drivers:
The global manufactured wood materials market is expected to grow from $243.92 billion in 2020 to $260.34 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $344.68 billion in 2025 at a CAGR of 7%. Increasing demand for online shopping is expected to help the manufactured wood materials market grow.
Request For A Sample For The Global Manufactured Wood Materials Market Report:
Trends In The Global Manufactured Wood Materials Market
Manufactured wood material companies are increasingly integrating automation and robotics in their operations to enhance productivity and reduce costs. Robotics are generally being adopted in those functional areas where working conditions for human labor are not safe and it can be implemented to complement human labor to increase operational efficiency. Automation is being utilized to reduce the time taken for manufacturing reconstituted wood products and thereby improving process efficiency.
Global Manufactured Wood Materials Market Segments:
The global manufactured wood materials market is further segmented based on type, application, type of wood plant and geography.
By Type:Reconstituted Wood, Plywood, Veneer Sheets
By Application:Residential, Commercial
By Type of Wood Plant:Teak, Oak, Others
By Geography:The global manufactured wood materials market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global manufactured wood materials market, accounting for 51% of the total market.
Read More On The Report For The Global Manufactured Wood Materials Market At:
Manufactured Wood Materials Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides manufactured wood materials market overviews, analyzes and forecasts market size and growth for the global manufactured wood materials market, manufactured wood materials market share, manufactured wood materials market players, manufactured wood materials market segments and geographies, manufactured wood materials market’s leading competitors’ revenues, profiles and market shares. The manufactured wood materials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.