Engineered Wood Market
Engineered Wood Market Global Industry Assessment & Forecast
Segments Covered
- By Type I-Beams, plywood, laminated veneer lumber (LVL), glulam (glued laminated timber), oriented strand boards (OSB), cross-laminated timber (CLT), others
- By Application construction, furniture, flooring, packaging, others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 296.36 Billion |
Revenue 2028: | 412.63 Billion |
Revenue CAGR (2021 - 2028): | 6.12 |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into I-Beams, plywood, laminated veneer lumber (LVL), glulam (glued laminated timber), oriented strand boards (OSB), cross-laminated timber (CLT), others. plywood held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on Application, the market is divided into construction, furniture, flooring, packaging, others. furniture
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Engineered Wood Market: Type Segment Analysis
-
- I-Beams
- plywood
- laminated veneer lumber (LVL)
- glulam (glued laminated timber)
- oriented strand boards (OSB)
- cross-laminated timber (CLT)
- others
Global Engineered Wood Market: Application Segment Analysis
-
- construction
- furniture
- flooring
- packaging
- others
FAQ
Frequently Asked Question
What is the global demand for Engineered Wood in terms of revenue?
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The global Engineered Wood valued at 296.36 Billion in 2020 and is expected to reach 412.63 Billion in 2028 growing at a CAGR of 6.12%.
Which are the prominent players in the market?
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The prominent players in the market are 84 Lumber Company, Universal Forests Products Inc., Louisiana Pacific Corporation, Nordic Structures, Patrick industries, Shenzhen Risewell Industry, Rockshield Engineered Wood products, Georgia Pacific Wood Products, Norbord Inc., Lowes Companies, Weyerhaeuser Company, Huber Engineered Wood, Roseburg Forest Product Company..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.12% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Engineered Wood include
- As compared to solid wood furniture the Engineered wood furniture is available at affordable rates. The engineered wood furniture pieces are manufactured using machines and are readily available in the market. These are the primary factors driving the market.
- The wood is pre-laminated that in turn increases the durability and beauty of the furniture. Engineered wood is light in weight and are easy to transport from one place to another. These are also some determinants fueling the market growth.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Engineered Wood in 2020.