Global Wood Manufacturing Market Size, Drivers, Trends, Opportunities And Strategies – Includes Wood Manufacturing Market Research
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
The rising demand for wooden furniture is likely to spur innovation in wood manufacturing, propelling the market during the forecast period.
The global wood manufacturing market is expected to grow from $452.91 billion in 2022 to $465.31 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The global wood manufacturing market size is expected to reach $504.50 billion in 2027 at a CAGR of 2%.
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Global Wood Manufacturing Market Segments Include:
- By Type: Millwork, Veneers, Engineered Wood Products, Wood Containers And Pallets, Manufactured Home, Other Types
- By Application: Domestic, Commercial
- By End User: Construction, Furniture, Packaging And Joinery Industries, Other End Users
- 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 wood manufacturing market in 2021.
Major Market Players in the wood manufacturing market include Stora Enso Inc., Binderholz Inc., KLH Massivholz GmbH, HASSLACHER Holding GmbH, Lignotrend Inc., Eugen Decker Holzindustrie KG, Schilliger Holz AG, Structurlam Mass Timber Corporation.
Product innovation is a prevalent trend in the wood manufacturing sector. Companies in the wood manufacturing sector are creating new goods to maintain their market position. For example, in May 2021, Desktop Metal, Inc., a 3D printing system maker based in the United States, announced the debut of Forust, the world’s first manufacturing technique to employ additive manufacturing to recycle waste wood to create unique and luxurious wood designs. Forust’s wooden items have a digital grain that runs the length of them and may be polished or sanded. Every variety of wood grain, including ash, rosewood, and mahogany, may be digitally replicated using this software.
The Wood Manufacturing Global Market Report 2023 provides a wood manufacturing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wood manufacturing market forecast analyzes wood manufacturing market size, wood manufacturing 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.
The process of transforming raw wood materials into finished wood products through several stages of production is referred to as wood manufacturing. It entails the use of technology, equipment, and expert labour to convert wood logs, lumber, or other wood supplies into a variety of wood products used for a variety of applications.
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