Engineered Wood Market
Engineered Wood Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
VMR-2021-0239
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
Research Methodology: Engineered Wood Market - Global Market Assessment, 2021 - 2028
The global Engineered Wood market study is based on the infallible and rigorous research process involving 3 stages namely: Secondary Research, Primary Research, and Data Triangulation. We have conducted more than 120 primary interviews for the Engineered Wood market either through mail or telephone call. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Secondary Research
Primary Research:
Along with the exhaustive secondary research, we at Vantage Market Research, conduct in-depth primary research to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the data requirements such as Engineered Wood supply-demand scenario in the global and regional markets, global and regional market size and segmental trends, and revalidation of secondary research outcomes and findings among others.
Data Triangulation and Market Size Estimations
After the determination of the overall market size, from the secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Engineered Wood market.
FAQ
Frequently Asked Question
What is the global demand for Engineered Wood in terms of revenue?
-
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?
-
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?
-
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?
-
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?
-
Asia Pacific was the leading regional segment of the Engineered Wood in 2020.
