Industry Background:
Cross-laminated timber (CLT) is a solid wood board, which is manufactured by gluing boards crosswise in some layers. The sizes and manufacturing technology of the board differ depending on the manufacturer. Usually, the thickness of CLT varies between 51 and 400 mm with the width being no more than 4.8 meters and the length 20 meters. CLT panels contain an odd number of layers usually, three to seven or more than that. The usual uses of CLT are load-bearing parts for building structures, such as walls, floors, and roofs and are also used in facade cladding and interior lining. CLT combines many advantages of wood with technological achievements that enable a high degree of prefabrication and rapid, safe construction.
According to AMA Research, the market for Cross Laminated Timber is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Encouragement from Governments to Use Renewable Materials for Construction
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Construction & Engineering sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Stora Enso (Finland), Katerra (United States), Mayr-Melnhof Holz Holding AG (Austria), Binderholz GmbH (Austria), KLH Massivholz GmbH (Austria), Hasslacher Holding GmbH (Austria), Structurlam Mass Timber Corporation (United States), Ed. Zublin AG (Germany), Thoma Holz (Austria) and MHM Abbund-Zentrum (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2022, R-HAUZ - Pictured is a cross-laminated timber (CLT) affordable housing pilot project being carried out by R-Hauz in East Gwillimbury, Ont. R-Hauz is working with Windmill Developments and Leader Lane Developments on a massive project in Toronto that will see three CLT buildings in one community. R-Hauz was looking for a long-term partnership such as this to create missing middle housing.
In March 2024, Timberlab’s parent company. In 2020, Swinerton opened its first mass timber fabrication facility in Portland, and formally launched Timberlab in 2021. In 2023, Timberlab opened an East Coast mass timber fabrication facility in Greenville, SC.The competitive landscape for commercial and corporate cards is likely to continue to evolve rapidly in the years to come. As businesses become more digital and data-driven, they will demand more innovative and sophisticated card solutions. This will create opportunities for new players to enter the market and disrupt the traditional players.
Regulatory Insights:
ISO 16696-1 specifies Cross Laminated Timber dimension tolerances; component requirements; performance criteria; production, testing and trade marking guidance; and minimum requirements for factory production control.
Influencing Trend:
The Development of Hybrid Materials and Building Systems and Growing commercialization of CLT and growth in off-site fabrication
Market Growth Drivers:
Increasing Encouragement from Governments to Use Renewable Materials for Construction and Increasing Urbanization and Changing Lifestyle Worldwide
Challenges:
Availability of Substitutes
Restraints:
The Cost of Timber is Relatively High
Opportunities:
Increasing Real Estate and Construction Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cross Laminated Timber Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cross Laminated Timber Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cross Laminated Timber players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cross Laminated Timber Study Sheds Light on
The Cross Laminated Timber Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cross Laminated Timber industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cross Laminated Timber industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.