How Is The Manufactured Wood Materials Market Segmented?
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
Subsegments:
1) By Reconstituted Wood: Particleboard, Medium-Density Fiberboard (MDF), Oriented Strand Board (OSB)
2) By Plywood: Softwood Plywood, Hardwood Plywood, Marine Plywood
3) By Veneer Sheets: Natural Veneer, Backed Veneer, Reconstituted Veneer
What Is Driving The Manufactured Wood Materials Market? 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 June 2024, according to TST Europe AG, a Switzerland-based non-governmental organization, total construction spending in the U.S. reached $1.98 trillion in 2023, reflecting a 7.4% increase from the previous year. The number of construction businesses in the U.S. stood at approximately 745,000 as of 2023. The increasing demand for construction is driving the growth of the manufactured wood materials market.
What Is Driving The Manufactured Wood Materials Market? Online Shopping Fuels Growth In The Manufactured Wood Materials Market
Increasing demand for online shopping is expected to help the manufactured wood materials market grow. Manufacturers can now sell their products on a larger platform than before, which would increase their customer base geographically driving the growth of the manufactured wood market. In countries such as India, for instance, E-Commerce portals have boosted the sales of wood manufacturers by giving larger exposure to producers who were confined to one geography.
Who Are The Major Players In The Global Manufactured Wood Materials Market?
Major companies operating in the manufactured wood materials market include 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
What Are The Key Trends Of The Global Manufactured Wood Materials Market? 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.
What Are The Key Trends Of The Global Manufactured Wood Materials Market? Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers
Major companies operating in the manufactured wood materials market are focusing on innovative products, such as ready to use plywood and board techply to provide reliable services to their customers. Ready-to-use plywood and board are engineered wood products designed for convenience and ease of use in various construction and woodworking applications. These products are pre-finished and ready for installation without the need for further surface finishing. For instance, in June 2023, Duroply Industries Limited, an India-based company that specializes in manufacturing plywood and related wood-based products launched India’s first ready to use plywood and board techply. Techply is a very adaptable solution that can be utilized whatever the customer chooses. Its veneer-like finish allows for direct usage in furniture construction. Techply is constructed of European beech hardwood that is deciduous and has a smooth ornamental surface. It is stronger and more solid than conventional plywood because of its great mechanical characteristics.
Regional Outlook For The Global Manufactured Wood Materials Market
Asia-Pacific was the largest region in the manufactured wood materials market in 2024. North America was the second largest region in the manufactured wood materials market. The regions covered in the manufactured wood materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the manufactured wood materials market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Manufactured Wood Materials Market?
The market for manufactured wood materials consists of sales of laminated veneer lumber, Glulam, Oriented Strand Boards, pinewood, and spruce wood. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Manufactured Wood Materials Industry?
The manufactured wood materials market research report is one of a series of new reports from The Business Research Company that provides manufactured wood materials market statistics, including manufactured wood materials industry global market size, regional shares, competitors with a manufactured wood materials market share, detailed manufactured wood materials market segments, market trends and opportunities, and any further data you may need to thrive in the manufactured wood materials industry. This manufactured wood materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
