About Engineered Wood Products
Engineered wood products are made from a various range of woods such as laminated veneer lumber, I-beams wood, glued laminated timber (glulam), cross-laminated timber and many other. These types of wood varieties are used in making products like modular kitchen, cabinets, storage units, etc. These engineered wood products provide the aesthetic feel and architecture appearance to the building or house along with providing the stability, strength amd other benefits.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Engineered Wood Products is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Engineered Wood Products market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ARAUCO (Chile), Boise Cascade (United States), Roseburg (United States), Weyerhaeuser Company (United States), Hill Wood Products Inc (United States), Louisiana-Pacific Corporation (United States), Murphy Company (United States), Zenecar Compay (United States), Atlas Engineered Products (Canada), UFP Industries, Inc. (United States) and Huber Engineered Woods LLC. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Patrick Industries (Indiana), AHF Products (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Engineered Wood Products market by Type (Modular Kitchens, Storage Unit, Table, Cabinets and Others), Application (Flooring, Load Bearing and Structure Paneling) and Region.
On the basis of geography, the market of Engineered Wood Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Wood, the sub-segment i.e. Laminated Veneer Lumber will boost the Engineered Wood Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Suopermarket will boost the Engineered Wood Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Engineered Wood Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Demand for the Engineered Wood Products for the Overall Architecture Appearance
Market Growth Drivers:
The Demand for the Building Products for Providing Stability and Strength Worldwide and Growing Demand for Wood Construction Products for the Waterproofing and Other Advantages
Challenges:
Price Fluctuations in Engineered Wood Products and Stringent Regulatory Compliances with the Engineered Wood Products
Restraints:
Problems Related to the Risk of Getting Damaged Due to Extreme Weather Condition Might Hinder the Engineered Wood Products Market
Opportunities:
Rising Spendings of People on the Engineered Wood Products from Developing Nations
Market Leaders and their expansionary development strategies
In July 2020, Atlas Engineered Products has completed the acquisition of selected assets of Trusstem Industries Inc., marking a major milestone in AEP's plans for expansion into the Lower Mainland region of British Columbia, Canada.
In February 2020, AHF Products Launched Robbins as Exclusive Hardwood Brand. They launched the Robbins brand of fine hardwood flooring exclusively to NFA members and specialty retailers to help differentiate dealers in a crowded marketplace with a unique, high-quality line that is designed to sell.
Key Target Audience
Engineered Wood Products Manufacturers, Engineered Wood Products International Traders, Engineered Wood Products Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.