$255.7 Billion in Global Manufactured Wood Materials Industry to 2031 – Asia-Pacific Was Largest Region in 2021 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Manufactured Wood Materials Market Report 2022, By Type, By Application, By Wood Mill Type” report has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global Manufactured Wood Materials market emerging from the COVID-19 lockdown.

The global manufactured wood materials market is expected to grow from $238.64 billion in 2021 to $255.73 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The market is expected to reach $323.27 billion in 2026 at a compound annual growth rate (CAGR) of 6%.

Companies cited

  • Weyerhaeuser Company

  • CELULOSA ARAUCO Y CONSTITUCION SA

  • Louisiana-Pacific Corporation

  • Norbord Inc.

  • Patrick Industries, Inc.

  • Boise Cascade Company UFP Industries, Inc.

  • PotlatchDeltic Corporation

  • upm-kymmene oyj

  • GreenPly Industries Ltd.

Reasons to buy

  • Get a truly global perspective with the most comprehensive market report available covering over 50 geographies

  • Understand how the market is affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus diminishes

  • Create regional and national strategies based on local data and analysis

  • Identify growth segments for investment

  • Outperform your competition using forecast data and the drivers and trends shaping the market

  • Understand customers based on the latest market research

  • Benchmark performance against leading competitors

  • Use relationships between key data sets for better strategy

  • Suitable to support your internal and external presentations with reliable high quality data and analysis

The manufactured wood materials market includes sales of wood materials produced by entities (organizations, sole traders, and partnerships) that produce veneer, plywood, engineered wood features, and engineered wood products. Some products produced by this industry include hardwood and softwood veneers, pre-engineered and laminated wood arches, wood roofs, floor trusses, wood sheets and planks.

The main types of manufactured wood materials are engineered wood, plywood, and veneer sheets. Reconstituted lumber is made from sheets of wood that have been roller sawn, glued together and treated to resemble a variety of other woods. Wall coverings, workstations, cabinets, floors and bookcases are made of reconstituted wood. The different types of wood plants include teak, oak, others which are used for residential and commercial applications.

Asia-Pacific was the largest region in the manufactured wood materials market in 2021. North America was the second largest region in the manufactured wood materials market. Regions covered in Manufactured Wood Materials Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Growing demand for online shopping is expected to drive the growth of the manufactured wood materials market. Manufacturers can now sell their products on a wider platform than before, which will geographically increase their customer base, which will drive the growth of the manufactured wood market. In countries like India, for example, e-commerce portals have boosted sales for timber manufacturers by giving greater exposure to producers who were confined to a single geographic area.

Wood material manufacturing companies are increasingly integrating automation and robotics into their operations to improve productivity and reduce costs. Robotics is typically adopted in functional areas where working conditions for human labor are unsafe and it can be implemented to supplement human labor to increase operational efficiency.

Automation is used to reduce the time required to manufacture engineered wood products and thus improve the efficiency of the process. According to a survey conducted by the Manufacturers Alliance and the MN Precision Manufacturing Association, 38% of respondents were currently using automation or robotics, and 32% of respondents were in the process of implementing automation or robotics. Major companies providing automation equipment include Timber Automation and CG Power and Industrial Solutions.

For more information on this report, visit https://www.researchandmarkets.com/r/4wfscx

Comments are closed.