The Reclaimed Lumber Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Reclaimed Lumber Global Market Report 2024, The reclaimed lumber market size has grown strongly in recent years. It will grow from $52.5 billion in 2023 to $55.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to cultural and heritage preservation, diy and upcycling trends, craftsmanship and artisanal appeal, industrial applications, green building certifications.
The reclaimed lumber market size is expected to see strong growth in the next few years. It will grow to $69.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to circular economy emphasis, architectural and design trends, innovative manufacturing techniques, commercial and residential demand, regulatory support and policies.. Major trends in the forecast period include sustainability emphasis, heritage and storytelling, regulatory support, consumer preference for sustainability, technology integration
The expanding construction sector is expected to propel the growth of the reclaimed lumber market going forward. Construction activities have been on the rise due to rapid industrialization and urbanization. These construction activities are creating a massive demand for reclaimed lumber for the construction of residential and commercial buildings. Reclaimed lumber is strong, stable, and durable and is used for various construction projects. For instance, in September 2023, according to a report issued by the Census Bureau, a US-based agency responsible for collecting and producing various demographic, economic, and social data about the United States and its population, total construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5 billion, which is above the revised August estimate of $1,988.3 billion. . Therefore, the expanding construction sector is driving the growth of the reclaimed lumber market.
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The reclaimed lumber market covered in this report is segmented –
1) By Source: Post-industrial Reclaimed, Post-Consumer Reclaimed, Water Reclaimed, Orchard Salvage Reclaimed, Forest Floor Salvage Reclaimed
2) By Application: Flooring, Paneling and Siding, Beams, Furniture, Other Applications
3) By End-Use: Commercial Construction, Residential Construction, Industrial
Product innovations are a key trend gaining popularity in the reclaimed lumber market. Major market players are developing innovative products to sustain their position in the reclaimed lumber market. For instance, in July 2022, Studio HENK, a Netherland-based furniture company that partnered with Renewi, a UK-based waste management company operating in reclaimed lumber products, designed a unique, limited-edition dining table out of waste wood. This dining table is made of 100% recycled coniferous wood and was created using reclaimed wood from old Amsterdam canal houses that were found on the street.
The reclaimed lumber market report table of contents includes:
1. Executive Summary
2. Reclaimed Lumber Market Characteristics
3. Reclaimed Lumber Market Trends And Strategies
4. Reclaimed Lumber Market – Macro Economic Scenario
5. Global Reclaimed Lumber Market Size and Growth
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26. South America Reclaimed Lumber Market
27. Brazil Reclaimed Lumber Market
28. Middle East Reclaimed Lumber Market
29. Africa Reclaimed Lumber Market
30. Reclaimed Lumber Market Competitive Landscape And Company Profiles
Top Major Players:
Montana Reclaimed Lumber Co
AltruWood Inc
Vintage Timberworks Inc
Recycling The Past LLC
Beam and Board LLC
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