The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing demand for online shopping is expected to drive innovation in the manufacturing of manufactured wood materials, driving the market during the forecast period.

The global manufactured wood materials market is expected to grow from $262.86 billion in 2022 to $283.45 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The manufactured wood materials market is expected to grow to $371.84 billion in 2027 at a CAGR of 7.0%.

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Global Manufactured Wood Materials Market Segments Include:

• By Type: Reconstituted Wood, Plywood, Veneer Sheets
• By Application: Residential, Commercial
• By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global manufactured wood materials market in 2021.

Major Market Players in the manufactured wood materials market include Weyerhaeuser Company, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Louisiana-Pacific Corporation, Norbord Inc., Patrick Industries Inc.

Automation and robotics are increasingly being integrated into the operations of manufactured wood material companies in order to increase productivity and reduce costs. Robotics is commonly used in functional areas where working conditions for human labour are hazardous, and it can be used to supplement human labour to increase operational efficiency. Automation is being used to reduce the time required to manufacture reconstituted wood products, improving process efficiency. According to a survey conducted by the Manufacturers Alliance and the Minnesota Precision Manufacturing Association, 38% of respondents were currently using automation or robotics, and 32% were in the process of implementing automation or robotics. Timber Automation, CG Power, and Industrial Solutions are two major providers of automation equipment.

The Manufactured Wood Materials Global Market Report 2023  provides a manufactured wood materials market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The manufactured wood materials market forecast analyzes manufactured wood materials market size, manufactured wood materials market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Manufactured wood materials are derivative wood products formed by binding or attaching the strands, particles, etc. together with adhesives or other fixation techniques to create composite materials, also known as composite wood, manufactured board, or composite board.

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