The Wood Manufacturing Global Market Report 2023 by The Business Research Company, provides wood manufacturing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Wood Manufacturing Global Market Report 2023, the global wood manufacturing market size is expected to grow from $452.91 billion in 2022 to $465.31 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wood manufacturing market size is expected to reach $504.50 billion in 2027 at a CAGR of 2%.
The increasing demand for wooden furniture is expected to propel the growth of the wood manufacturing market going forward. Wooden furniture refers to furniture items that are made primarily or entirely from wood and come in various styles, designs, and finishes, ranging from traditional to modern, and rustic to contemporary. Wood manufacturing plays a critical role in the production of wooden furniture such as the production of indoor and outdoor furniture, produce lumber, timber of specific sizes, and others.
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The wood manufacturing market is segmented:
1) By Type: Millwork, Veneers, Engineered Wood Products, Wood Containers And Pallets, Manufactured Home, Other Types
2) By Application: Domestic, Commercial
3) By End User: Construction, Furniture, Packaging And Joinery Industries, Other End Users
Product innovation is a key trend gaining popularity in the wood manufacturing market. Companies operating in the wood manufacturing market are innovating new products to sustain their position in the market. For instance, in May 2021, Desktop Metal, Inc., a US-based manufacturer of 3D printing systems, announced the launch of Forust, the first manufacturing process in the world to use additive manufacturing to recycle waste wood to create unique and opulent wood designs. A wooden item created by Forust has a digital grain that runs the length of it and can be polished or sanded. This software can digitally replicate every type of wood grain, including ash, rosewood, and mahogany.
The wood manufacturing market report table of contents includes:
1. Executive Summary
2. Wood Manufacturing Market Characteristics
3. Wood Manufacturing Market Trends And Strategies
4. Wood Manufacturing Market – Macro Economic Scenario
5. Wood Manufacturing Market Size And Growth
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26. Africa Wood Manufacturing Market
27. Wood Manufacturing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Manufacturing Market
29. Wood Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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