Timber Services in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

New growth: Construction will remain the largest downstream market for timber

Most timber is ultimately used in downstream residential construction markets. In contrast, growth in residential construction has supported the industry, weaknesses have offset the industry's gains in some other markets, such as paper and wood products manufacturing industries, and increased competition from imports. As a result, industry revenue has fallen at a CAGR of 1.8% to $956.5 million in 2023, which includes an estimated decrease of 6.9% in 2023 alone as housing starts fall.

The Timber Services industry manages timber tracts for the purpose of selling standing timber. A timber tract is a parcel of land used for growing timber for harvesting on a long rotation cycle (more than 10 years). The industry does not include Christmas trees, which are grown on short rotation cycles. This industry also does not include revenue from logging operations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.