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Engineered Wood Products Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70872
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The engineered wood products market share is expected to increase by 6985.34 million cubic feet from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6%.

This engineered wood products market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers engineered wood products market segmentation by type (structural wood I-beams, glued laminated timber, LVL, and others) and geography (Europe, North America, APAC, MEA, and South America). The engineered wood products market report also offers information on several market vendors, including Boise Cascade Co., Celulosa Arauco y Constitucion SA, J M Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., and Weyerhaeuser Co. among others.

What will the Engineered Wood Products Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Engineered Wood Products Market Size for the Forecast Period and Other Important Statistics

 

Engineered Wood Products Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing residential and commercial construction is notably driving the engineered wood products market growth, although factors such as high volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the engineered wood products industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Engineered Wood Products Market Driver

One of the key factors driving growth in the engineered wood products market is the increasing residential and commercial construction. Developed economies, such as the US, are planning to invest billions in infrastructural development. The rising focus on infrastructural and real estate development, as well as the construction of new residences and offices, is expected to increase the sales of new wood products and furnishings. In addition to new construction, the rising demand for wood products is also complemented by the increase in the number of renovation and modification projects across key countries such as the US, China, and India.  The rise in the number of multinational and global companies, as well as technology and business parks due to favorable trade relations between countries and government policies such as FDI relaxation, is estimated to increase the demand for office and commercial wood products during the forecast period.

Key Engineered Wood Products Market Trend

The rising wages in manufacturing hubs is another factor supporting the engineered wood products market share growth. Rising wages have weakened the labor cost advantage enjoyed by vendors in these manufacturing hubs. This is expected to be a negative trend for global vendors that have production facilities across these global manufacturing hubs. The primary factor contributing to rising wages are rapid urbanization and industrialization in emerging economies, especially in countries such as China, India, the Philippines, Vietnam, and Indonesia. The growth of the global economy driven by growth in the GDP of countries such as China and India also increases wages. Furthermore, several government initiatives across emerging countries have encouraged urbanization, directly impacting wage growth.  It is expected to be a negative trend in the global engineered wood products market during the forecast period.

Key Engineered Wood Products Market Challenge

The high volatility in raw material prices will be a major challenge for the engineered wood products market during the forecast period. The cost of wood has increased considerably in recent times. In addition, the prices of raw materials such as chipboard, timber, foam, polish chemical materials, color paints, and hardware used in making furniture have increased. In the past, the profit margins of furniture manufacturers were negatively affected because of the decrease in the gap between production cost increment and vendors' ability to increase the prices of their products in the market. The price of average-quality furniture has registered an increase of 25%-30% due to the high cost of wood and its shortage. This, in turn, is hindering market growth due to the low purchase rate as a result of the high cost of wood. All these factors are collectively having a negative impact on the profitability of the engineered wood product market, thus reducing the growth.

This engineered wood products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global engineered wood products market as a part of the global forest products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the engineered wood products market during the forecast period.

Who are the Major Engineered Wood Products Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Boise Cascade Co.
  • Celulosa Arauco y Constitucion SA
  • J M Huber Corp.
  • Louisiana-Pacific Corp.
  • Lowes Companies Inc.
  • Patrick Industries Inc.
  • Raute Corp.
  • Roseburg Forest Products Co.
  • West Fraser Timber Co. Ltd.
  • Weyerhaeuser Co.

 

This statistical study of the engineered wood products market encompasses successful business strategies deployed by the key vendors. The engineered wood products market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The engineered wood products market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Engineered Wood Products Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the engineered wood products market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the forest products market includes the following core components:

  • Inputs
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Waste collection and services
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Engineered Wood Products Market?

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31% of the market’s growth will originate from Europe during the forecast period. Germany and UK are the key markets for engineered wood products in Europe. Market growth in this region will be slower than the growth of the market in other regions.

Owing to high purchasing power, the demand for premium and personalized wood products made from high-quality raw materials is increasing. This will facilitate the engineered wood products market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

As a result of the COVID-19 pandemic, furniture sales dropped significantly in Europe in 2020, owing to economic uncertainty and health concerns relating to the spread of the pandemic, as well as the closure of manufacturing companies. The governments of various countries in Europe placed restrictions on trade activities, which decreased the supply of wood products. The prices of wood have been rising increasingly steeply since April 2020 due to the less import of wood products. However, the market is expected to see a rise in sales during the forecast period, with the opening of borders for trade

What are the Revenue-generating Type Segments in the Engineered Wood Products Market?

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The engineered wood products market share growth by the structural wood I-beams segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the engineered wood products market size and actionable market insights on post COVID-19 impact on each segment.

 

Engineered Wood Products Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

6985.34 mn ft3

Market structure

Fragmented

YoY growth (%)

3.47

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 31%

Key consumer countries

US, UK, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Boise Cascade Co., Celulosa Arauco y Constitucion SA, J M Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., and Weyerhaeuser Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Engineered Wood Products Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive engineered wood products market growth during the next five years
  • Precise estimation of the engineered wood products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the engineered wood products industry across Europe, North America, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of engineered wood products market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1. Executive Summary                        

2. Engineered Wood Products Market Landscape                          

              2.1 Market ecosystem            

                             Exhibit 01: Parent market

              2.2: Market Characteristics    

              2.2 Value chain analysis         

                             Exhibit 03: Value chain analysis: Forest products

                             2.2.1 Inputs

                             2.2.2 Operations

                             2.2.3 Outbound logistics

                             2.2.4 Marketing and sales

                             2.2.5 Waste collection and services

                             2.2.6 Industry innovations

3. Engineered Wood Products Market Sizing                     

              3.1 Market definition

                             Exhibit 04: Offerings of vendors included in the market definition

              3.2 Market segment analysis 

                             Exhibit 05: Market segments

              3.3 Market size 2020 

              3.4 Market outlook: Forecast for 2020 - 2025 

                             3.4.1 Estimating growth rates for emerging and high-growth markets

                             3.4.2 Estimating growth rates for mature markets

                             Exhibit 06: Global - Market size and forecast 2020 - 2025 (million ft3)

                             Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                        

              4.1 Five Forces Summary       

                             Exhibit 08: Five forces analysis 2020 & 2025

              4.2 Bargaining power of buyers          

              4.3 Bargaining power of suppliers      

              4.4 Threat of new entrants    

              4.5 Threat of substitutes        

              4.6 Threat of rivalry  

              4.7 Market condition

                             Exhibit 14: Market condition - Five forces 2020

5. Engineered Wood Products Market Segmentation by Type                         

              5.1 Market segments

                             The segments covered in this chapter are:

  • Structural wood I-beams
  • Glued laminated timber
  • LVL
  • Others

                             Exhibit 15: Type volume chart - Market share 2020-2025 (%)

              5.2 Comparison by Type volume chart             

                             Exhibit 16: Comparison by Type volume chart

              5.3 Structural wood I-beams - Market size and forecast 2020-2025 ($ millions)            

                             Exhibit 17: Structural wood I-beams - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 18: Structural wood I-beams - Year-over-year growth 2020-2025 (%)

              5.4 Glued laminated timber - Market size and forecast 2020-2025 ($ millions)            

                             Exhibit 19: Glued laminated timber - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 20: Glued laminated timber - Year-over-year growth 2020-2025 (%)

              5.5 LVL - Market size and forecast 2020-2025 ($ millions)        

                             Exhibit 21: LVL - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 22: LVL - Year-over-year growth 2020-2025 (%)

              5.6 Others - Market size and forecast 2020-2025 ($ millions)  

                             Exhibit 23: Others - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 24: Others - Year-over-year growth 2020-2025 (%)

                             5.6.1 Machine stress-rated lumber

                             5.6.2 Finger-jointed lumber

                             5.6.3 PSL

                             5.6.4 Oriented strand lumber

              5.7 Market opportunity by Type volume chart

                             Exhibit 25: Market opportunity by Type volume chart

6. Customer landscape                       

                             Exhibit 26: Customer landscape

7. Geographic Landscape                   

              7.1 Geographic segmentation

                             Exhibit 27: Market share by geography 2020-2025 (%)

              7.2 Geographic comparison  

                             Exhibit 28: Geographic comparison

              7.3 Europe - Market size and forecast 2020-2025         

                             Exhibit 29: Europe - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)

              7.4 North America - Market size and forecast 2020-2025          

                             Exhibit 31: North America - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 32: North America - Year-over-year growth 2020-2025 (%)

              7.5 APAC - Market size and forecast 2020-2025            

                             Exhibit 33: APAC - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)

              7.6 MEA - Market size and forecast 2020-2025             

                             Exhibit 35: MEA - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)

              7.7 South America - Market size and forecast 2020-2025          

                             Exhibit 37: South America - Market size and forecast 2020-2025 (million ft3)

                             Exhibit 38: South America - Year-over-year growth 2020-2025 (%)

              7.8 Key leading countries       

                             Exhibit 39: Key leading countries

              7.9 Market opportunity by geography

                             Exhibit 40: Market opportunity by geography (million ft3)

8. Drivers, Challenges, and Trends                 

              8.1 Market drivers     

                             8.1.1 Increasing residential and commercial construction

                             8.1.2 Demand for environmentally friendly and durable flooring

                             8.1.3 Alternative to sawn wood

              8.2 Market challenges             

                             8.2.1   High volatility in raw material prices

                             8.2.2   Moisture and humidity concerns

                             8.2.3   Certifications for forest products

                             8.2.4   Substitutes for wood products

                             Exhibit 41: Impact of drivers and challenges

              8.3 Market trends     

                             8.3.1 Rising wages in manufacturing hubs

                             8.3.2 Emergence of resilient structures

                             8.3.3   Origination of mixed-use structure

                             8.3.4   Development of new technologies

9. Vendor Landscape                          

              9.1    Competitive scenario    

              9.2    Vendor landscape          

                             Exhibit 40: Vendor Landscape

              9.3    Landscape disruption    

                             Exhibit 41: Landscape disruption

              9.4    Industry risks    

                             Exhibit 42: Industry risks

10.  Vendor Analysis                           

              10.1  Vendors covered            

                             Exhibit 43: Vendors covered

              10.2 Market positioning of vendors  

                             Exhibit 46: Market positioning of vendors

              10.3 Boise Cascade Co.           

                             Exhibit 47: Boise Cascade Co. - Overview

                             Exhibit 48: Boise Cascade Co. - Business segments

                             Exhibit 49: Boise Cascade Co. - Key offerings

                             Exhibit 50: Boise Cascade Co. - Segment focus

              10.4  Celulosa Arauco y Constitucion SA          

                             Exhibit 51: Celulosa Arauco y Constitucion SA - Overview

                             Exhibit 52: Celulosa Arauco y Constitucion SA - Business segments

                             Exhibit 53: Celulosa Arauco y Constitucion SA - Key offerings

                             Exhibit 54: Celulosa Arauco y Constitucion SA - Segment focus

              10.5  J M Huber Corp.             

                             Exhibit 55: J M Huber Corp. - Overview

                             Exhibit 56: J M Huber Corp. - Product and service

                             Exhibit 57: J M Huber Corp. - Key offerings

              10.6  Louisiana-Pacific Corp.  

                             Exhibit 58: Louisiana-Pacific Corp. - Overview

                             Exhibit 59: Louisiana-Pacific Corp. - Business segments

                             Exhibit 60: Louisiana-Pacific Corp. - Key offerings

                             Exhibit 61: Louisiana-Pacific Corp. - Segment focus

              10.7  Lowes Companies Inc.  

                             Exhibit 62: Lowes Companies Inc. - Overview

                             Exhibit 63: Lowes Companies Inc. - Business segments

                             Exhibit 64: Lowes Companies Inc. - Key offerings

              10.8  Patrick Industries Inc     

                             Exhibit 65: Patrick Industries Inc. - Overview

                             Exhibit 66: Patrick Industries Inc. - Business segments

                             Exhibit 67: Patrick Industries Inc. - Key offerings

                             Exhibit 68: Patrick Industries Inc. - Segment focus

              10.9  Raute Corp.      

                             Exhibit 69: Raute Corp. - Overview

                             Exhibit 70: Raute Corp. - Business segments

                             Exhibit 71: Raute Corp. - Key offerings

              10.10 Roseburg Forest Products Co.   

                             Exhibit 72: Roseburg Forest Products Co. - Overview

                             Exhibit 73: Roseburg Forest Products Co. - Business segments

                             Exhibit 74: Roseburg Forest Products Co. - Key offerings

              10.11 West Fraser Timber Co. Ltd.      

                             Exhibit 75: West Fraser Timber Co. Ltd. - Overview

                             Exhibit 76: West Fraser Timber Co. Ltd. - Business segments

                             Exhibit 77: West Fraser Timber Co. Ltd. - Key offerings

                             Exhibit 78: West Fraser Timber Co. Ltd. - Segment focus

              10.12 Weyerhaeuser Co.        

                             Exhibit 79: Weyerhaeuser Co. - Overview

                             Exhibit 80: Weyerhaeuser Co. - Business segments

                             Exhibit 81: Weyerhaeuser Co. - Key offerings

                             Exhibit 82: Weyerhaeuser Co. - Segment focus

12. Appendix                          

              11.1 Scope of the report        

                             12.1.1 ​​​​Market definition

                             12.1.2 ​​​​Objectives

                             12.1.3 ​​​​Notes and caveats

              11.2 Currency conversion rates for US$           

                             Exhibit 82: ​Currency conversion rates for US$​

              11.3 Research Methodology  

                             Exhibit 83: ​Research Methodology

                             Exhibit 84: ​​Validation techniques employed for market sizing​

                             Exhibit 85: ​​Information sources

              11.4 List of abbreviations       

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The engineered wood products market growth will increase by $6985.34 million ft3 during 2020-2025.
The engineered wood products market is expected to grow at a CAGR of 6.41% during 2020-2025.
Technavio has segmented the engineered wood products market by type volume (Structural wood I, Glued laminated ti, LVL, and Others) and geographic (Europe, North America, APAC, MEA, and South America).
Boise Cascade Co., Celulosa Arauco y Constitucion SA, J M Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., Weyerhaeuser Co. are a few of the key vendors in the engineered wood products market.
Europe will register the highest growth rate of 31.04% among the other regions. Therefore, the engineered wood products market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the engineered wood products market growth are:
  • Increasing residential and commercial construction
The engineered wood products market vendors should focus on grabbing business opportunities from the structural wood i segment as it accounted for the largest market share in the base year.
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