This report describes and explains the wood processing market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global wood processing market grew from $113.10 billion in 2017 to $142.89 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The market is expected to grow from $142.89 billion in 2022 to $195.18 billion in 2027 at a CAGR of 6.4%, and to $264.14 billion in 2032 at a CAGR of 6.2%.
Growth in the historic period resulted from the strong economic growth in emerging markets, low interest rates in most developed countries, an increasing demand for cruise ships and growth in residential construction activity.
Going forward, the increasing construction of wooden buildings, an increasing demand for wooden furniture and increased construction and infrastructure activities globally will drive the market growth. Factors that could hinder the growth of the wood processing market in the future include the stringent laws and regulations on deforestation, reductions in free trade, geo-political tensions, an increasing use of alternate construction materials and labor shortages in the forestry and logging industry.
The wood processing market is segmented by type into sawmills and wood preservation. The sawmills market was the largest segment of the wood processing market segmented by type, accounting for 77.8% of the total in 2022. Going forward, the wood preservation market is expected to be the fastest growing segment in the wood processing market segmented by type, at a CAGR of 9.6% during 2022-2027.
The wood processing market is also segmented by end-user industry into residential, commercial and industrial, infrastructural and other end-user industries. The residential market was the largest segment of the wood processing market segmented by end-user industry, accounting for 52.0% of the total in 2022. Going forward, the residential market is expected to be the fastest growing segment in the wood processing market segmented by end-user industry, at a CAGR of 6.6% during 2022-2027.
Asia Pacific was the largest region in the wood processing market, accounting for 31.8% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the wood processing market will be Africa and the Middle East, where growth will be at CAGRs of 17.89% and 8.55% respectively. These will be followed by Eastern Europe and South America, where the markets are expected to grow at CAGRs of 8.41% and 6.95% respectively.
The global wood processing market is fragmented, with a large number of players. The top ten competitors in the market made up to 15.88% of the total market in 2021. Canfor Corporation was the largest competitor with 3.90% share of the market, followed by West Fraser Timber Co. Ltd. with 3.71%, Interfor Corporation with 1.76%, UPM-Kymmene Oyj with 1.34%, Weyerhaeuser Company with 1.26%, Sierra Pacific Industries, Inc with 1.24%, Western Forest Products Inc with 0.81%, UFP Industries, Inc with 0.79%, Georgia Pacific with 0.55% and Svenska Cellulosa Aktiebolaget with 0.50%.
The top opportunities in the wood processing market by type will arise in the sawmills segment, which will gain $33.96 billion of global annual sales by 2027. The top opportunities in the wood processing market by end-user industry will arise in the residential segment, which will gain $28.04 billion of global annual sales by 2027. The wood processing market size will gain the most in China at $10.0 billion.
Market-trend-based strategies for the wood processing market include use of tracking and tracing technology in timber processing, use of artificial intelligence (AI) in wood processing, adoption of image processing systems in factories, new product launches, focus on strategic partnerships and focus on investments and mergers and acquisitions.
Player-adopted strategies in the wood processing market include focus on enhancing business operations through strategic investments, focus on strengthening business operations through strategic acquisitions and focus on enhancing operational capabilities through mergers and acquisitions.
To take advantage of the opportunities, the publisher recommends the wood processing companies to focus on developing new products, focus on using tracking and tracing systems, focus on using artificial intelligence (AI), adopt image processing systems, expand in emerging markets, focus on strategic partnerships, continue to use B2B promotions and continue to target fastest-growing end-user industries.
The global wood processing market grew from $113.10 billion in 2017 to $142.89 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The market is expected to grow from $142.89 billion in 2022 to $195.18 billion in 2027 at a CAGR of 6.4%, and to $264.14 billion in 2032 at a CAGR of 6.2%.
Growth in the historic period resulted from the strong economic growth in emerging markets, low interest rates in most developed countries, an increasing demand for cruise ships and growth in residential construction activity.
Going forward, the increasing construction of wooden buildings, an increasing demand for wooden furniture and increased construction and infrastructure activities globally will drive the market growth. Factors that could hinder the growth of the wood processing market in the future include the stringent laws and regulations on deforestation, reductions in free trade, geo-political tensions, an increasing use of alternate construction materials and labor shortages in the forestry and logging industry.
The wood processing market is segmented by type into sawmills and wood preservation. The sawmills market was the largest segment of the wood processing market segmented by type, accounting for 77.8% of the total in 2022. Going forward, the wood preservation market is expected to be the fastest growing segment in the wood processing market segmented by type, at a CAGR of 9.6% during 2022-2027.
The wood processing market is also segmented by end-user industry into residential, commercial and industrial, infrastructural and other end-user industries. The residential market was the largest segment of the wood processing market segmented by end-user industry, accounting for 52.0% of the total in 2022. Going forward, the residential market is expected to be the fastest growing segment in the wood processing market segmented by end-user industry, at a CAGR of 6.6% during 2022-2027.
Asia Pacific was the largest region in the wood processing market, accounting for 31.8% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the wood processing market will be Africa and the Middle East, where growth will be at CAGRs of 17.89% and 8.55% respectively. These will be followed by Eastern Europe and South America, where the markets are expected to grow at CAGRs of 8.41% and 6.95% respectively.
The global wood processing market is fragmented, with a large number of players. The top ten competitors in the market made up to 15.88% of the total market in 2021. Canfor Corporation was the largest competitor with 3.90% share of the market, followed by West Fraser Timber Co. Ltd. with 3.71%, Interfor Corporation with 1.76%, UPM-Kymmene Oyj with 1.34%, Weyerhaeuser Company with 1.26%, Sierra Pacific Industries, Inc with 1.24%, Western Forest Products Inc with 0.81%, UFP Industries, Inc with 0.79%, Georgia Pacific with 0.55% and Svenska Cellulosa Aktiebolaget with 0.50%.
The top opportunities in the wood processing market by type will arise in the sawmills segment, which will gain $33.96 billion of global annual sales by 2027. The top opportunities in the wood processing market by end-user industry will arise in the residential segment, which will gain $28.04 billion of global annual sales by 2027. The wood processing market size will gain the most in China at $10.0 billion.
Market-trend-based strategies for the wood processing market include use of tracking and tracing technology in timber processing, use of artificial intelligence (AI) in wood processing, adoption of image processing systems in factories, new product launches, focus on strategic partnerships and focus on investments and mergers and acquisitions.
Player-adopted strategies in the wood processing market include focus on enhancing business operations through strategic investments, focus on strengthening business operations through strategic acquisitions and focus on enhancing operational capabilities through mergers and acquisitions.
To take advantage of the opportunities, the publisher recommends the wood processing companies to focus on developing new products, focus on using tracking and tracing systems, focus on using artificial intelligence (AI), adopt image processing systems, expand in emerging markets, focus on strategic partnerships, continue to use B2B promotions and continue to target fastest-growing end-user industries.
Table of Contents
1. Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure7. Product/Service Analysis - Product/Service Examples22. Competitive Landscape And Company Profiles
6. Introduction and Market Characteristics
8. Supply Chain Analysis
9. Customer Information
10. Major Market Trends
11. Global Wood Processing Market Size And Growth
12. Wood Processing Market, Regional Analysis
13. Global Market Segmentation
14. Market Comparison with Macro Economic Factors
15. Asia-Pacific Market
16. Western Europe Market
17. Eastern Europe Market
18. North America Market
19. South America Market
20. Middle East Market
21. Africa Market
23. Company Profiles
24. Key Mergers and Acquisitions
25. Market Background: Wood Products Market
26. Opportunities And Strategies
27. Wood Processing Market, Conclusions And Recommendations
28. Appendix
Executive Summary
Wood Processing Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global wood processing market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
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Description:
Where is the largest and fastest-growing market for wood processing? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The wood processing market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider wood processing market; and compares it with other markets.
The report covers the following chapters
Introduction and Market Characteristics
- Brief introduction to the segmentations covered in the market, defintions and explanations about the wood processing market.
Product Analysis
- The product analysis section of the report describes the leading products in the wood processing market along with key features and differentiators for those products.
Supply Chain
- The supply chain section of the report defines and explains the key players in the wood processing industry supply chain.
Customer Information
- This chapter covers recent customers’ trends/preferences in the global wood processing market.
Key Trends
- Highlights the major trends shaping the global wood processing market. This section also highlights likely future developments in the market.
Global Market Size and Growth
- Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional Analysis
- Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
Market Segmentation
- Contains the market values (2017-2032) and analysis for each segment by type and by end-user industry in the market.
Regional Market Size and Growth
- Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape
- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Key Mergers and Acquisitions
- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
Market Background: Wood Products Market
- This chapter describes the wood products market of which the wood processing market is a segment. This chapter includes the global wood products market 2017-27 values, and regional and country analyses for the wood products market.
Market Opportunities And Strategies
- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations
- This section Includes recommendations for wood processing providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix
- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Sawmills; Wood Preservation2) By Formulation: Residential; Commercial And Industrial; Infrastructural; Other End-User Industries
Companies Mentioned: Canfor Corporation; West Fraser Timber Co. Ltd.; Interfor Corporation; UPM-Kymmene Oyj; Weyerhaeuser Company
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; wood processing market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Canfor Corporation
- West Fraser Timber Co. Ltd.
- Interfor Corporation
- UPM-Kymmene Oyj
- Weyerhaeuser Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 403 |
| Published | March 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 142.9 Billion |
| Forecasted Market Value ( USD | $ 264.1 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
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