The latest report by IMARC Group, titled “North America Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the North America secondary wood products market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The North America secondary wood products market size reached US$ 221.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 259.8 Billion by 2032, exhibiting a growth rate (CAGR) of 1.7% during 2024-2032.
North America Secondary Wood Products Market Overview:
The expanding construction sector is primarily driving the secondary wood products market in North America. Moreover, economic reforms and the growth of commercial real estate are augmenting the regional market. The competitive production costs of secondary wood products are escalating the demand in both residential and commercial building sectors. Additionally, North America benefits from vast forest reserves, ensuring hassle-free raw material procurement for manufacturing these products. Moreover, the inflating popularity of engineered wood products like laminated veneer lumber (LVL) is acting as another significant growth-inducing factor.
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North America Secondary Wood Products Market Trends:
Apart from this, the implementation of various favorable policies by governmental bodies to promote the use of eco-friendly materials and reduce carbon footprints, owing to the growing environmental concerns among consumers, is driving the market growth across North America. Moreover, the escalating demand for product variants that provide high aesthetic value and enhance the experience of users is acting as another significant growth-inducing factor. In line with this, strategic collaborations among key players and the elevating number of export activities are further augmenting the regional market. Additionally, the introduction of personalized, do-it-yourself (DIY), and multi-functional products by leading manufacturers is expected to propel the North America secondary wood products market over the forecast period.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Ashley Furniture Industries
- Steelcase
- HNI Corporation
- Herman Miller
- Weyerhaeuser Company
North America Secondary Wood Products Market Segmentation:
Breakup by Type:
- Wood Furniture
- Office Furniture
- Household & Institution
- Wooden Kitchen, Cabinets and Countertops
- Others
- Engineered Wood Products
- Plywood
- OSB
- Particle Board
- Others
- Secondary Paper Products
- Paper Products
- Paperboard Containers
- Others
Breakup by Country:
- United States
- Canada
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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