Turkey - Wood Manufacturing Market by Application, End-user, and Product Type - Forecast and Geography 2024-2028
| Published: Oct 2023 | Pages: 141 | SKU: IRTNTR74412 |
Turkey - Wood Manufacturing Market 2024-2028
The Turkey - wood manufacturing market size is estimated to grow at a CAGR of 4.12% between 2023 and 2028. The market size is forecast to increase by USD 1.24 billion. The growth of the market depends on several factors such as the growing urban population, the increasing residential and commercial construction activities, and the increasing demand for environment-friendly and durable flooring,
This Turkey wood manufacturing market report extensively covers market segmentation by application (residential and commercial), end-user (construction, furniture, and others), product type (sawnwood, paper and paperboard, fiberboard, particle board, and others), and Geography (Middle East) and geography Turkey. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
What will be the size of the Turkey Wood Manufacturing Market During the Forecast Period?
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Turkey Wood Manufacturing Market: Key Drivers, Trends and Challenges
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Turkey Wood Manufacturing Market Driver
Increasing demand for environment-friendly and durable flooring is the key factor driving market growth. Wood products such as sawn wood, particle board, and fiberboard have always been the most popular materials of choice for environmentally friendly flooring. With developments in aesthetics, quality, and selections of wood and finishes, such wood products have become an attractive choice for durable flooring.
Furthermore, special resins that comply with the stringent regulatory standards for safety and efficacy set by government organizations are also used to manufacture these products. Hence, the increasing demand for environmentally friendly and durable flooring is expected to spur the growth of the Turkey wood manufacturing market during the forecast period.
Key Turkey Wood Manufacturing Market Trends
High demand for MDF is the primary trend shaping market growth. MDF is a composite panel manufactured by combining wood fiber and resin. It is recyclable, durable, and can be used to manufacture designer furniture. Typically denser than plywood, MDF is also far less expensive. These factors make it a great alternative material for uses where moisture resistance and a high level of impact resistance are not necessary characteristics.
Furthermore, as powder-coated MDF has a lower carbon and ecological footprint compared with materials with solvent-borne and water-borne coatings, its demand among end-users will increase significantly over the forecast period. Thus, the high demand for MDF will drive the growth of the Turkey wood manufacturing market during the forecast period.
Key Turkey Wood Manufacturing Market Challenge
High volatility in raw material prices is a challenge that affects market growth. The cost of wood particle boards has also been boosted because of volatility in input and transportation costs, as well as the continuous downsizing of furniture manufacturers' production capacities. In the past, the profit margins of furniture manufacturers have been negatively affected because of the decrease in the gap between production cost increment and players' ability to increase the prices of their products in the market.
In addition, any volatility in the prices of these raw materials causes uncertainty in end-user markets, such as the Turkey furniture market, and eventually influences the margins of all key stakeholders, including market players in the wood manufacturing value chain in Turkey. Thus, these factors may impede the growth of the Turkey wood manufacturing market during the forecast period.
Turkey Wood Manufacturing Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Turkey Wood Manufacturing Market Customer Landscape
Who are the Major Turkey Wood Manufacturing Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
- AGT Agac Sanayi ve Ticaret A.S.: The company offers wood manufacturing products such as lam coated panel, polymer coated panel, wall profile and furniture profile.
The research report also includes detailed analyses of the competitive landscape of the market and information about 14 market companies, including:
- Bahar Orman Urunleri San. Ve Tic. AS
- Cameroon Timber Export Sarl
- Camsan Entegre Agac Sanayi ve Ticaret A.S
- Cevizoglu Magazacilik San. ve Tic. A.S.
- Daco Parke
- Deksan Kontrplak Agac San. Ltd. Sti.
- Kastamonu Entegre
- Kronospan Ltd.
- M.Y WOOD INDUSTRY Co.
- Novawood AS
- Salkim Orman Urunleri San. ve Tic. A.S
- Tanwood Orman Urunleri
- Yildiz Entegre
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What is the Growing Segments in the Turkey Wood Manufacturing Market?
The residential segment is estimated to witness significant growth during the forecast period. The Turkey - wood manufacturing market is growing significantly, with a substantial increase in the demand for wood products stemming from the residential application segment. This growth is fueled by factors such as an increase in new home-building activities, home remodeling and renovation initiatives, and a growing emphasis on visually beautiful, sustainable timber interiors.
Get a glance at the market contribution of various segments Download the PDF Sample
The residential segment was the largest segment and was valued at USD 2.97 billion in 2018. Additionally, the increasing inclination for hardwood residential applications is presenting prospects for producers to introduce novel ideas and address the changing preferences of homeowners and their sustainability concerns. Overall, the demand for wood products from residential applications is expected to increase, thereby driving the growth of the Turkey - wood manufacturing market during the forecast period.
Segment Overview
Turkey wood manufacturing market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Application Outlook
- Residential
- Commercial
- End-user Outlook
- Construction
- Furniture
- Others
- Product Type Outlook
- Sawnwood
- Paper and paperboard
- Fiberboard
- Particle board
- Others
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Turkey Wood Manufacturing Market Scope |
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Report Coverage |
Details |
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Page number |
141 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.12% |
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Market Growth 2024-2028 |
USD 1.24 billion |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
3.81 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AGT Agac Sanayi ve Ticaret A.S., Bahar Orman Urunleri San. Ve Tic. AS, Cameroon Timber Export Sarl, Camsan Entegre Agac Sanayi ve Ticaret A.S, Cevizoglu Magazacilik San. ve Tic. A.S., Daco Parke, Deksan Kontrplak Agac San. Ltd. Sti., Kastamonu Entegre, Kronospan Ltd., M.Y WOOD INDUSTRY Co., Novawood AS, Salkim Orman Urunleri San. ve Tic. A.S, Tanwood Orman Urunleri, and Yildiz Entegre |
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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, and Market condition analysis for the forecast period. |
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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. |
What are the Key Data Covered in this Turkey Wood Manufacturing Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2024 and 2028
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across Turkey
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on Turkey - Market size and forecast 2023-2028 ($ million)
- Exhibit 13: Data Table on Turkey - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Chart on Turkey: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on Turkey: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Wood manufacturing market in turkey 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on wood manufacturing market in turkey 2018 - 2022 ($ million)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Application Segment 2018 - 2022 ($ million)
- 4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
- 4.4 Product Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Product Type Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 27: Chart on Application - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 29: Chart on Comparison by Application
- Exhibit 30: Data Table on Comparison by Application
- 6.3 Residential - Market size and forecast 2023-2028
- Exhibit 31: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 32: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 6.4 Commercial - Market size and forecast 2023-2028
- Exhibit 35: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Exhibit 39: Market opportunity by Application ($ million)
- Exhibit 40: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 41: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 42: Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Exhibit 43: Chart on Comparison by End-user
- Exhibit 44: Data Table on Comparison by End-user
- 7.3 Construction - Market size and forecast 2023-2028
- Exhibit 45: Chart on Construction - Market size and forecast 2023-2028 ($ million)
- Exhibit 46: Data Table on Construction - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Chart on Construction - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Construction - Year-over-year growth 2023-2028 (%)
- 7.4 Furniture - Market size and forecast 2023-2028
- Exhibit 49: Chart on Furniture - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Data Table on Furniture - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Chart on Furniture - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Furniture - Year-over-year growth 2023-2028 (%)
- 7.5 Others - Market size and forecast 2023-2028
- Exhibit 53: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 55: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by End-user
- Exhibit 57: Market opportunity by End-user ($ million)
- Exhibit 58: Data Table on Market opportunity by End-user ($ million)
8 Market Segmentation by Product Type
- 8.1 Market segments
- Exhibit 59: Chart on Product Type - Market share 2023-2028 (%)
- Exhibit 60: Data Table on Product Type - Market share 2023-2028 (%)
- 8.2 Comparison by Product Type
- Exhibit 61: Chart on Comparison by Product Type
- Exhibit 62: Data Table on Comparison by Product Type
- 8.3 Sawnwood - Market size and forecast 2023-2028
- Exhibit 63: Chart on Sawnwood - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on Sawnwood - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on Sawnwood - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Sawnwood - Year-over-year growth 2023-2028 (%)
- 8.4 Paper and paperboard - Market size and forecast 2023-2028
- Exhibit 67: Chart on Paper and paperboard - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Paper and paperboard - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Paper and paperboard - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Paper and paperboard - Year-over-year growth 2023-2028 (%)
- 8.5 Fiberboard - Market size and forecast 2023-2028
- Exhibit 71: Chart on Fiberboard - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Fiberboard - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Fiberboard - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Fiberboard - Year-over-year growth 2023-2028 (%)
- 8.6 Particle board - Market size and forecast 2023-2028
- Exhibit 75: Chart on Particle board - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Particle board - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Particle board - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Particle board - Year-over-year growth 2023-2028 (%)
- 8.7 Others - Market size and forecast 2023-2028
- Exhibit 79: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 8.8 Market opportunity by Product Type
- Exhibit 83: Market opportunity by Product Type ($ million)
- Exhibit 84: Data Table on Market opportunity by Product Type ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 86: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 87: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 88: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 89: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 90: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 91: Matrix on vendor position and classification
- 12.3 AGT Agac Sanayi ve Ticaret A.S.
- Exhibit 92: AGT Agac Sanayi ve Ticaret A.S. - Overview
- Exhibit 93: AGT Agac Sanayi ve Ticaret A.S. - Product / Service
- Exhibit 94: AGT Agac Sanayi ve Ticaret A.S. - Key offerings
- 12.4 Bahar Orman Urunleri San. Ve Tic. AS
- Exhibit 95: Bahar Orman Urunleri San. Ve Tic. AS - Overview
- Exhibit 96: Bahar Orman Urunleri San. Ve Tic. AS - Product / Service
- Exhibit 97: Bahar Orman Urunleri San. Ve Tic. AS - Key offerings
- 12.5 Cameroon Timber Export Sarl
- Exhibit 98: Cameroon Timber Export Sarl - Overview
- Exhibit 99: Cameroon Timber Export Sarl - Product / Service
- Exhibit 100: Cameroon Timber Export Sarl - Key offerings
- 12.6 Camsan Entegre Agac Sanayi ve Ticaret A.S
- Exhibit 101: Camsan Entegre Agac Sanayi ve Ticaret A.S - Overview
- Exhibit 102: Camsan Entegre Agac Sanayi ve Ticaret A.S - Product / Service
- Exhibit 103: Camsan Entegre Agac Sanayi ve Ticaret A.S - Key offerings
- 12.7 Cevizoglu Magazacilik San. ve Tic. A.S.
- Exhibit 104: Cevizoglu Magazacilik San. ve Tic. A.S. - Overview
- Exhibit 105: Cevizoglu Magazacilik San. ve Tic. A.S. - Product / Service
- Exhibit 106: Cevizoglu Magazacilik San. ve Tic. A.S. - Key offerings
- 12.8 Daco Parke
- Exhibit 107: Daco Parke - Overview
- Exhibit 108: Daco Parke - Product / Service
- Exhibit 109: Daco Parke - Key offerings
- 12.9 Deksan Kontrplak Agac San. Ltd. Sti.
- Exhibit 110: Deksan Kontrplak Agac San. Ltd. Sti. - Overview
- Exhibit 111: Deksan Kontrplak Agac San. Ltd. Sti. - Product / Service
- Exhibit 112: Deksan Kontrplak Agac San. Ltd. Sti. - Key offerings
- 12.10 Kastamonu Entegre
- Exhibit 113: Kastamonu Entegre - Overview
- Exhibit 114: Kastamonu Entegre - Product / Service
- Exhibit 115: Kastamonu Entegre - Key offerings
- 12.11 Kronospan Ltd.
- Exhibit 116: Kronospan Ltd. - Overview
- Exhibit 117: Kronospan Ltd. - Product / Service
- Exhibit 118: Kronospan Ltd. - Key offerings
- 12.12 M.Y WOOD INDUSTRY Co.
- Exhibit 119: M.Y WOOD INDUSTRY Co. - Overview
- Exhibit 120: M.Y WOOD INDUSTRY Co. - Product / Service
- Exhibit 121: M.Y WOOD INDUSTRY Co. - Key offerings
- 12.13 Novawood AS
- Exhibit 122: Novawood AS - Overview
- Exhibit 123: Novawood AS - Product / Service
- Exhibit 124: Novawood AS - Key offerings
- 12.14 Salkim Orman Urunleri San. ve Tic. A.S
- Exhibit 125: Salkim Orman Urunleri San. ve Tic. A.S - Overview
- Exhibit 126: Salkim Orman Urunleri San. ve Tic. A.S - Product / Service
- Exhibit 127: Salkim Orman Urunleri San. ve Tic. A.S - Key offerings
- 12.15 Tanwood Orman Urunleri
- Exhibit 128: Tanwood Orman Urunleri - Overview
- Exhibit 129: Tanwood Orman Urunleri - Product / Service
- Exhibit 130: Tanwood Orman Urunleri - Key offerings
- 12.16 Yildiz Entegre
- Exhibit 131: Yildiz Entegre - Overview
- Exhibit 132: Yildiz Entegre - Product / Service
- Exhibit 133: Yildiz Entegre - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 13.5 List of abbreviations
- Exhibit 140: 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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
wood manufacturing market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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