Wood Product Trends and Forecast
The future of the global wood product market looks promising with opportunities in the residential and commercial markets. The global wood product market is expected to reach an estimated $878.9 billion by 2030 with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are increasing awareness and regulatory emphasis on reducing plastic waste, growing preference for aesthetically pleasing and unique products in interior designing and home decor, and rise in construction and furniture industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wood Product by Segment
The study includes a forecast for the global wood product by type, application, and region.
Wood Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Finished Wood Products
• Wood Processing
• Manufactured Wood Materials
Wood Product Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Others
Wood Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wood Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wood product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wood product companies profiled in this report include-
• Weyerhaeuser
• LIXIL Group
• UFP Industries
• JELD-WEN
• West Fraser Timber
• Canfor Corporation
• Louisiana-Pacific Corporation
Wood Product Market Insights
Lucintel forecasts that finished wood product is expected to witness the highest growth over the forecast period.
Within this market, residential is expected to witness the higher growth over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Wood Product Market
Market Size Estimates: Wood product market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wood product market size by type, application, and region in terms of value ($B).
Regional Analysis: Wood product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the wood product market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wood product market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the wood product market size?
Answer: The global wood product market is expected to reach an estimated $878.9 billion by 2030.
Q2. What is the growth forecast for wood product market?
Answer: The global wood product market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wood product market?
Answer: The major drivers for this market are increasing awareness and regulatory emphasis on reducing plastic waste, growing preference for aesthetically pleasing and unique products in interior designing and home decor, and rise in construction and furniture industries.
Q4. What are the major segments for wood product market?
Answer: The future of the wood product market looks promising with opportunities in the residential and commercial markets.
Q5. Who are the key wood product market companies?
Answer: Some of the key wood product companies are as follows:
• Weyerhaeuser
• LIXIL Group
• UFP Industries
• JELD-WEN
• West Fraser Timber
• Canfor Corporation
• Louisiana-Pacific Corporation
Q6. Which wood product market segment will be the largest in future?
Answer: Lucintel forecasts that finished wood product is expected to witness the highest growth over the forecast period.
Q7. In wood product market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wood product market by type (finished wood products, wood processing, and manufactured wood materials), application (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Wood Product Market, Wood Product Market Size, Wood Product Market Growth, Wood Product Market Analysis, Wood Product Market Report, Wood Product Market Share, Wood Product Market Trends, Wood Product Market Forecast, Wood Product Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.