According to the latest report of the IMARC group titled “North America Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on Aftermarket for wood products in North America. The report also includes competitor and regional analysis, as well as contemporary market advancements. The North America secondary wood products market size reached US$212.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$243.5 billion by 2027, growing at a growth rate (CAGR) of 2.22% over the period 2022-2027.
Secondary wood products refer to items made by processing primary wood products, including pulp, wood and lumber. Also known as value-added wood products, they are widely used in the manufacture of wood cabinets, wood pallets, engineered wood products, countertops, and secondary paper products.
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Like the novel coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the purchasing behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
The secondary wood products market in North America is mainly driven by the considerable growth of the construction sector. With the rapid expansion of residential and commercial segments in the region, there has been an increase in construction activities, which has contributed to an increase in the use of secondary wood products. This is further supported by the abundant availability of forest reserves in North America and the low production costs of secondary wood products. The market is further boosted by an increased focus on sustainability among the masses, which has encouraged individuals to adopt recycled wood products. Additionally, an increase in exports of secondary wood products from North America to European and Asian markets is also creating a positive outlook for the market.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- Ashley Furniture Industries
- Steel case
- HNI Company
- Herman Miller
- Weyerhaeuser Company
Secondary wood products in North America Market segmentation :
Our report has categorized the market based on country and type.
Breakdown of the market by country:
Market Breakdown by Type:
- wooden furniture
- Secondary paper products
- Engineered wood products
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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