Press release
Manufactured Wood Materials Market 2024-2033: Future Outlook, Global Trends, Industry Share And Top Key Players
Manufactured Wood Materials Market
The Business Research Company offers in-depth market insights through Manufactured Wood Materials Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The manufactured wood materials market size has grown strongly in recent years. It will grow from $281.94 billion in 2023 to $302.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to emerging markets growth, growth in residential construction activity, and low interest rates.
The manufactured wood materials market size is expected to see strong growth in the next few years. It will grow to $393.61 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growth of e-commerce, increasing demand for wooden furniture, and urbanization . Major trends in the forecast period include offering customized engineered wood products to the construction industry, automation and robotics technologies to enhance production efficiency and reduce costs, implementing tracking and tracing technology to enhance their credibility among stakeholders, and focus on incorporating new and improved techniques in harvesting logs to increase wood volume with less residual damage.
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Market Segmentation:
The manufactured wood materials market covered in this report is segmented -
1) By Type: Reconstituted Wood, Plywood, Veneer Sheets
2) By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants
3) By Application: Residential, Commercial
Major Driver - Construction Boom Expected To Drive Robust Growth In The Manufactured Wood Materials Market
The increasing demand for construction is expected to propel the growth of the manufactured wood materials market going forward. Construction refers to the process of planning, designing, building, and assembling physical structures, facilities, or infrastructure. Manufactured wood materials can have positive economic, environmental, and societal impacts by promoting sustainability, innovation, and efficiency in the construction industry. For instance, in September 2021, according to Oxford Economics, a UK-based economic information services company, the global construction output between 2020 and 2030 is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. The increasing demand for construction is driving the growth of the manufactured wood materials market .
Competitive Landscape:
Major companies operating in the manufactured wood materials market report are Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd, Universal Forest Products, UPM-Kymmene Corporation, Metsa Group, Potlatch Corporation, Austral Plywoods Pty Ltd, Eksons Corporation Bhd,, Jilin Sen Workers' Forming Group Co., Ltd., Daya Shengxiang Home Co., Ltd., Xuzhou Mega Industries, Yalong Wood, Century Plyboards India Ltd, Greenply Industries Ltd, HOKUSAN, Caledonian Plywood Company Ltd, Hanson Plywood, Garnica Plywood Samazan, IMCA Panels, Templin OHG, Syktyvkar Plywood Mill LTD, Plyterra Group, Segezha Group, JAF Group, Au-Mex, Hancock Timber Resource Group, RSH Forest Products, Sierra Pacific, Berneck, Araupel, Linea Parana Madeiras Ltda, Imaribo, Middle East Wood, Mazi Orman Urunleri Ltd., Dastas Demircioglu Agac A.S., Daco Parquet Factory AS, Gabon Veneer, Merensky, Miro Forestry and Timber Products, United Forest Products, Afeefa Overseas Sarl Gabon, Okoume Face Veneer.
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Top Trend - Automation And Robotics Revolutionizing The Manufactured Wood Industry
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 to manufacture reconstituted wood products and thereby improving process efficiency. According to a survey by the Manufacturers Alliance and the MN Precision Manufacturing Association, 38% of the respondents were currently using automation or robotics, and 32% of the respondents were in the process of implementing automation or robotics. Major companies providing automation equipment include Timber Automation and CG Power and Industrial Solutions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Manufactured Wood Materials Market Characteristics
3. Manufactured Wood Materials Market Trends And Strategies
4. Manufactured Wood Materials Market - Macro Economic Scenario
5. Manufactured Wood Materials Market Size And Growth
…..
27. Manufactured Wood Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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