The wood products manufacturing industry comprises establishments engaged in manufacturing of products derived from wood. This industry includes companies manufacturing lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes and prefabricated wood buildings. Wood products product process includes sawing, planning, shaping, laminating, and assembling of wood products into bolts or lumber.
Wood Products Manufacturing Global Market Size
The global wood products manufacturing market was valued at around $2 trillion in 2017. Asia Pacific was the largest region in the wood products manufacturing market in 2017, accounting for around 51% market share. China was the largest country in the wood products manufacturing market in 2017, accounting for around 25% market share.
Wood Products Manufacturing Global Market Trend
Robots are replacing traditional hand sanding and wood finishing tools. Robot based wood automation tool providers have launched robots that carry out wood sanding, polishing and finishing precisely and quickly. They are developing technologies for assembling a wooden window frame to routing designs in wood panels for a wide range of materials and surfaces. For instance, ABB’s robot automation solutions were implemented in leading companies such as IKEA, VELUX and Svedplan.
The top five companies covered are Georgia-Pacific Corporation, Weyerhaeuser Company, West Fraser Timber Co. Ltd., Andersen Corporation, Celulosa Arauco y Constitución and Canfor Corporation. Georgia-Pacific Corporation was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Wood Products Manufacturing Global Market Segmentation
The wood products market is segmented into finished wood products, manufactured wood materials and wood processing.
Finished wood products market establishments manufacture 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.
Wood processing market comprise establishments engaged in sawing dimension lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from logs or bolts.
Manufactured wood materials market include establishments engaged in manufacturing other wood products such as wooden windows and doors, cabinets, kitchenware and wooden mobile homes.