Engineered Wood Products Market Expected to Grow at a CAGR of 6% by 2025, Assessing Drivers, Challenges, Vendors and Segmentation

Engineered Wood Products Market 2021-2025: Scope

The report also covers the following areas:

Engineered Wood Products Market 2021-2025: Market Dynamics

Major driver:

  • The main drivers for the growth of the engineered wood products market are the increase in residential and commercial construction.
  • Developed economies, like the United States, plan to invest billions in infrastructure development. The growing emphasis on infrastructure and real estate development, as well as the construction of new residences and offices, is expected to increase sales of new wood products and furniture.
  • In addition to new construction, the growing demand for wood products is also complemented by the increase in the number of renovation and modification projects in key countries such as the United States, China, and India. It is estimated that the increase in the number of multinational and global enterprises, as well as technology and business parks due to favorable trade relations between countries and government policies such as the relaxation of FDI, will increase the demand for wood products. office and commercial over the forecast period.

Major Challenges:

  • High volatility in raw material prices will be a major challenge for the engineered wood products market during the forecast period.
  • The price of wood has increased significantly in recent times. Also, the prices of raw materials such as particle board, wood, foam, polishing chemicals, color paints and hardware used in furniture manufacturing have increased. In the past, furniture manufacturers’ profit margins were negatively affected due to the shrinking gap between rising production costs and the ability of sellers to raise prices for their products in the market.
  • The price of medium quality furniture has recorded an increase of 25-30% due to the high cost of wood and its shortage. This, in turn, is hampering the growth of the market due to the low purchase rate due to the high cost of timber. All these factors collectively negatively impact the profitability of the engineered wood products market, thereby reducing growth.

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Engineered Wood Products Market 2021-2025: Segmentation Assessment

  • Type
    • Structural wood I-beams
    • Glued laminated timber
    • LVL
    • Others
  • Geography
    • Europe
    • North America
    • APAC
    • AEM
    • South America

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Engineered Wood Products Market 2021-2025: Key Highlights

  • Market CAGR over the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the engineered wood products market over the next five years
  • Estimation of the engineered wood products market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the engineered wood products market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of the factors that will challenge the growth of the Engineered Wood Products Market vendors

Related reports:

Scope of the engineered wood products market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6%

Market Growth 2021-2025

6985.34 million cubic feet

Market structure

Fragmented

Annual growth (%)

3.47

Successful market contribution

Europe at 31%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Boise Cascade Co., Celulosa Arauco y Constitucion SA, JM Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., and Weyerhaeuser Co.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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