Reclaimed Lumber Global Market Report 2024

The global reclaimed lumber market has grown strongly in recent years. It will grow from $52.5 billion in 2023 to $55.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The expansion observed in the historical timeframe can be attributed to several factors, including a heightened focus on cultural and heritage preservation, the burgeoning trends in do-it-yourself (DIY) and upcycling practices, the allure of craftsmanship and artisanal aesthetics, increased usage in industrial applications, and the rising importance of green building certifications. These elements collectively contributed to the growth experienced during that period.

The global reclaimed lumber market is expected to see strong growth in the next few years. It will grow to $69.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The projected growth in the upcoming period can be linked to several factors, notably the emphasis on a circular economy, evolving architectural and design preferences, advancements in innovative manufacturing methods, heightened demand from both commercial and residential sectors, and supportive regulatory policies. These elements are anticipated to drive growth in the forecasted timeframe.

The anticipated expansion of the reclaimed lumber market is closely tied to the burgeoning construction sector. The rise in construction activities, driven by rapid industrialization and urbanization, has sparked substantial demand for reclaimed lumber in both residential and commercial building projects. Renowned for its strength, stability, and durability, reclaimed lumber serves as a favored material for diverse construction endeavors. A recent report from the Census Bureau in September 2023 indicated a notable surge in total construction spending, reaching an estimated annual rate of $1,996.5 billion, surpassing the previous month's figures.

Global renovation initiatives are set to significantly bolster the reclaimed lumber market. The escalating trend in renovation activities involves restoring and repurposing older structures using sustainable materials like urban and reclaimed wood. These environmentally friendly approaches cater to ecological building techniques, driving the adoption of reclaimed lumber in renovation projects. Notably, the Harvard Joint Center for Housing Studies projected a considerable uptick in the US home remodeling market in June 2022, with the anticipated market spending for home improvement reaching $458 billion in 2023, reflecting a substantial increase from previous years.

Innovative product development stands as a prominent trend shaping the reclaimed lumber market, with major players investing in novel solutions to maintain their market presence. A prime example emerged in July 2022, when Studio HENK, in collaboration with Renewi, crafted an exclusive dining table entirely from waste wood. This limited-edition table, fashioned from 100% recycled coniferous wood sourced from reclaimed materials found in old Amsterdam canal houses, underscores the drive for innovation in utilizing reclaimed wood.

Prominent companies within the reclaimed lumber sector are actively pioneering transportable systems to efficiently manage wood waste from construction and demolition sites. In October 2023, Urban Machine unveiled 'The Machine,' a revolutionary transportable system designed to process used lumber on-site. Transported in two 40-foot trailers, this innovation enables the creation of premium reclaimed wood products directly at construction or demolition sites, diverting significant wood waste from landfills. The company's ambition is to revolutionize the green building industry by repurposing millions of tons of wood waste into high-quality lumber products.

In November 2021, Kamuela Hardwoods, a prominent urban timber salvage entity based in the US, unveiled a strategic partnership with Parker Ranch, a US-based working cattle ranch. Together, they initiated a new enterprise aimed at milling, processing, and commercializing specialty hardwoods and sustainably sourced salvaged timber. This collaborative venture leverages the extensive expertise and insights of Kamuela Hardwoods' team and plays a pivotal role in Parker Ranch's strategic forestry endeavors.

Major companies operating in the reclaimed lumber market report are Montana Reclaimed Lumber Co., AltruWood Inc., Vintage Timberworks Inc., Recycling The Past LLC, Beam and Board LLC, Longleaf Lumber Inc., Sustainable Lumber Company, Imondi Flooring, TerraMai Inc., Elemental Republic SDN BHD, Olde Wood Ltd., Trestlewood Inc., True American Grain Reclaimed Wood, Altholz - Baumgartner & Co. GmbH, Viridian Reclaimed Wood LLC, Moore Manufacturing Inc., Resawn Timber Co., Atlantic Reclaimed Lumber LLC, Carpentier Hardwood Solutions NV, Elmwood Reclaimed Timber Inc., Jarmak Corporation, GR Plume Company Inc., Eagle Reclaimed Lumber, Appalachian Woods LLC, Pioneer Millworks LLC, The Hudson Company, The Woodshop of Texas, The Barnwood Farm Ltd., The Old Wood Co., The Woods Company, The Reclaimed Wood Shop, The Lumber Baron Inc., The Reclaimed Barnwood Company, The Old Texas Wood Company, The Wood Cycle of Wisconsin

Asia-Pacific was the fastest-growing region in the reclaimed lumber market share in 2023. The regions covered in the reclaimed lumber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the reclaimed lumber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary origins of reclaimed lumber include post-industrial reclaimed, post-consumer reclaimed, water reclaimed, orchard salvage reclaimed, and forest floor salvage reclaimed. Post-industrial reclaimed wood undergoes recycling processes before reaching end consumers, finding applications in diverse sectors like flooring, paneling, siding, structural beams, furniture, and more. Its versatile usage spans across commercial, residential, and industrial construction projects.

This report provides reclaimed lumber market statistics, including reclaimed lumber industry global market size, regional shares, competitors with a reclaimed lumber market share, detailed reclaimed lumber market segments, market trends and opportunities, and any further data you may need to thrive in the reclaimed lumber industry. This reclaimed lumber 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.

The reclaimed lumber market consists of sales of Douglas fir, redwood, and oak. 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.

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.


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