Sawmills Global Market Report 2024

The sawmills market size has grown strongly in recent years. It will grow from $118.3 billion in 2023 to $125.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The expansion observed in the historical period can be attributed to the demand for housing construction, manufacturing of furniture and wood products, economic conditions, population growth, urbanization, and the influence of export markets.

The sawmills market size is expected to see strong growth in the next few years. It will grow to $155.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to housing and infrastructure development, the emphasis on renewable and sustainable construction practices, the dynamics of global wood products trade, the impact of e-commerce and packaging, and the focus on environmental conservation and certification. Major trends expected in this forecast period include digitalization in inventory management, the importance of supply chain resilience, advancements in worker safety and ergonomics, market expansion and global trade considerations, the exploration of alternative wood species, innovations in timber grading, and increased investments in research and development as well as process optimization.

The anticipated surge in demand for wood and wood products is poised to drive the growth of the sawmills market in the future. This heightened demand spans various industries, encompassing construction, furniture, packaging, and paper production. Wood products, defined as objects primarily crafted from solid wood, wood composition, bamboo, and/or rattan, are pivotal in the sawmills industry, where wood logs are transformed into planks and scants through woodworking and sawing processes. A report from the Food and Agriculture Organization of the United Nations in October 2022 projects global fuelwood consumption from forests to reach 2.1 billion to 2.7 billion cubic meters in 2050, representing an increase of 11% to 42% from the 2020 figure of 1.9 billion cubic meters. This underscores the driving force behind the sawmills market's growth - the rising demand for wood and wood products.

The expanding construction industry is expected to be a significant catalyst for the growth of the sawmills market. Sawn timber, a product of sawmills, plays a crucial role in various construction applications such as structural framing, flooring, decking, and architectural features. The escalating demand for wood products in residential and commercial construction, infrastructure development, and renovation projects contributes to the increasing need for sawn timber. In 2021, according to the U.S. Census Bureau, an estimated 1,595,100 housing units were initiated, marking a substantial 15.6% increase from the 2020 figure of 1,379,600. Therefore, the expanding construction industry is a key driver for the growth of the sawmills market.

A prominent trend gaining traction in the sawmills market is product innovation, with major industry players actively developing innovative solutions to fortify their market positions. For example, in November 2022, Wood-Mizer Holdings, Inc., a U.S.-based machinery industry company, unveiled the LX55 Portable Sawmill - an entry-level solution featuring mechanical log handling, a fast saw head with a high hand crank, and a straightforward push feed system. The LX55 sawmill's distinctive features include a low bed profile for easy log load capacity, quick-adjust log fasteners, and side claims to secure and turn logs on the bed.

Major companies in the sawmills market are forging strategic partnerships to introduce new products and enhance their market presence. In August 2022, Pinja, a Finland-based information technology company, joined forces with MiCROTEC, an Italy-based wood processing solutions company, to provide digital solutions and value chain optimization for the sawmill industry. This collaboration aims to offer sawmills a comprehensive solution integrating raw material supply, production cost data, and critical information to enhance operational efficiency and profitability. The partnership leverages MiCROTEC's advanced wood scanning technology and Pinja's expertise in ERP, MES, and production optimization to optimize processes and provide detailed insights into the value chain and associated costs.

In February 2022, Interfor Corporation, a Canada-based lumber company, acquired EACOM Timber Corporation for an undisclosed amount. This acquisition is expected to enhance Interfor Corporation's timber procurement and forestry activities in the eastern Canadian terrain. EACOM Timber Corporation, a Canada-based wood products company, specializes in the manufacturing, marketing, and distribution of lumber and wood-based value-added products, including sawmill functions.

Major companies operating in the sawmills market report are West Fraser Timber Co. Ltd., Canfor Corporation, Weyerhaeuser Company, Stora Enso Oyj, Georgia-Pacific LLC, Interfor Corporation, Sierra Pacific Industries, Hampton Affiliates Inc., Celulosa Arauco y Constitución SA, Tolko Industries Ltd., HS Timber Group, Pfeifer Brothers Construction Co. Inc., Klausner Holz Thüringen GmbH, Södra Skogsägarna ekonomisk förening, Moelven Industrier ASA, Ante-holz GmbH, Resolute Forest Products Inc., Rayonier Advanced Materials Inc., Norbord Inc., PotlatchDeltic Corporation, Universal Forest Products Inc., Boise Cascade Company, Louisiana-Pacific Corporation, Arauco North America Inc., Roseburg Forest Products Co., KapStone Paper and Packaging Corporation, Stella-Jones Inc., Mercer International Inc., Domtar Corporation, Wood-Mizer LLC, TimberKing Inc., Baker Products Inc., Hudson Forest Equipment, Brewco Inc.

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

The primary products of a sawmill include softwood lumber and hardwood lumber. Softwood lumber, sourced from trees such as pine, fir, cedar, and spruce, is known for its flexibility and adaptability compared to hardwood lumber. Softwood has the ability to easily absorb and retain water. Various technologies employed in sawmills include chain sawmills, band sawmills, and circular sawmills, which find applications in industries such as construction, furniture, packaging, joinery, and others.

The sawmills market research report is one of a series of new reports that provides sawmills market statistics, including sawmills industry global market size, regional shares, competitors with a sawmills market share, detailed sawmills market segments, market trends and opportunities, and any further data you may need to thrive in the sawmills industry. This sawmills 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 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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