Engineering Timbers Market Key Highlights:
- Market Size (2024): USD 5,598 Million
- Projected Market Size (2034): USD 10,607 Million
- CAGR (2024-2034): 6.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Engineering Timbers Market Market Definition
The engineering timbers market is a prominent segment of the building materials industry. This industry deals with the manufacturing and distribution of artificial wood across the world. There are several types of engineered timbers available on the market: plywood, glulam, oriented strand board, particle board, and some others. The increased application of OSB in various residential applications, such as flooring, walls, and roofs has boosted market growth. This market is expected to rise significantly with the growth of the construction industry across the world.
The increasing demand for artificial timbers from the furniture industry for manufacturing tables, beds, cabinets, chairs, dining tables, and some others has boosted the market growth. Also, the availability of these woods in online channels, local shops, distributors, and some others, along with the rising application of laminated veneer lumber in office furniture, is crucial for industrial expansion. Moreover, the growing application of these timbers in several sectors, such as residential, commercial, industrial, infrastructure, and some others, is anticipated to propel the growth of the engineering timbers market. The growing adoption of cross-laminated timber (CLT) along with rising emphasis on reducing deforestation is expected to create opportunities for the market players in the upcoming years.
Engineering Timbers Market Segmentation:
By Type
By Application
- Residential
- Commercial
- Institutional
Engineering Timbers Market Companies:
- Structurlam
- HESS TIMBER GmbH
- Katerra
- StructureCraft
- Stora Enso
- Binderholz
- KLH Massivholz
- Mayr-Melnhof Holz
- ZUBLIN Timber Construction
- Lignotrend
- Eugen Decker
- XLam Dolomiti
- W. u. J. Derix
- Nordic Structures
- DR Johnson
- Timber Products Company
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