October 1, 2022

$287 Billion Global Wood Finished Products Industry by 2031 – Identifying Growth Segments for Investment – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Wood Finished Products Market Report 2022, by Type, by Distribution Channel, by Application” report has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global finished wood products market emerging from the COVID-19 lockdown.

The global market for finished wood products is expected to grow from $262.99 billion in 2021 to $287.00 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to reach $387.41 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%.

Companies cited

  • LIXIL Group

  • JELD-WEN Inc.

  • FirstSource Builders

  • Masonite International Society

  • NCI Building Systems, Inc.

  • UFP Industries, Inc.

  • Stora Enso Oyj

  • Cavco Industries Inc.

  • Western Forest Products Inc.

  • Nature Home Holding Company Limited

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The finished wood products market includes sales of finished wood products by entities (organizations, sole proprietorships, and partnerships) that manufacture finished wood products, including wood products such as wood windows and doors. wood, cabinets, kitchen utensils and wooden mobile homes, and other products.

The main types of finished wood products are joinery, prefabricated houses, wooden pallets and skids and other finished wood products. Manufactured homes, commonly referred to as prefabs, are specialized housing types of pre-engineered buildings that are produced off-site beforehand, usually in standard components that can be easily shipped and installed. Products are distributed through online and offline channels. The different applications include domestic and commercial applications.

Asia-Pacific was the largest region in the finished wood products market in 2021. Western Europe was the second largest in the global wood finished products market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The finished wood product manufacturing market is expected to benefit from the sustained economic growth predicted for many developed and developing countries. The International Monetary Fund (IMF) forecasts that global GDP growth will be 3.3% in 2021 and 3.4% in 2021. The recovery in commodity prices, after a decline during the historical period, should also be an important factor in economic growth.

The US economy is expected to register steady growth over the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets over the forecast period. Greater economic growth is likely to drive public and private investment, joint ventures, foreign direct investment in end-user markets, thereby boosting the market over the forecast period.

Companies in the finished wood products market are using 3D printing to develop lightweight structural and non-structural wood products. 3D printing creates a three-dimensional physical object using digital design. The technology creates three-dimensional objects using models constructed using a very fine brown grainy powder made from wood shavings.

3D printing makes it possible to quickly and inexpensively manufacture wooden products with complex geometries. 3D printing aids in rapid prototyping, increases assembly line efficiency, reduces turnaround times, improves design flexibility, and reduces material waste, indicating high potential for this technology. For example, in 2019, ORNL and UMaine 3D printed a large mold used to make yachts using wood flour, cellulose nanofibrils, and PLA.

The countries covered by the wood finished products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, l Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam .

For more information on this report, visit https://www.researchandmarkets.com/r/115eg3