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CNC Plywood Market - Forecast (2022 - 2027)

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  • 131 Pages
  • March 2022
  • Region: Global
  • IndustryARC
  • ID: 5616128
The CNC plywood market size is forecast to reach $6.2 billion by 2027, after growing at a CAGR of 8.2% during 2022-2027, owing to the increasing usage of CNC plywood in various end-use industries due to its excellent characteristics. CNC machinery can work continuously over any time without a break (barring any malfunction or maintenance issue). This greatly increases the productivity and efficiency of using it due to which CNC based plywood is gaining more popularity. Moreover, CNC plywood offers more complex and intricate operations as they use computer precision to go beyond the limitations of manual capabilities, which is anticipated to drive CNC plywood demand substantially during the forecast period.

CNC Plywood Market Report Coverage

The report: “CNC Plywood Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the CNC plywood Industry.
  • By Type: Moisture Resistant CNC Plywood, Boiling Water Resistant CNC Plywood, Boiling Water Proof CNC Plywood (Marine), Laminated CNC Plywood, and Others
  • By Wood Type: Softwoods, Hardwoods, Tropical Woods, Birch Woods, Eucalyptus Woods, and Others
  • By End-Use Industry: Building & Construction (Residential, Commercial, and Others), Automotive (Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, and Others), Marine (Cargo, Passenger, Supply Vessels, and Others), Paper & Packaging, and Others
  • By Geography: North America, South America, Europe, Asia Pacific, and RoW

Key Takeaways

  • Asia Pacific dominates the CNC plywood market, owing to the increasing demand for CNC plywood from the building and construction industries in the region. Increasing per capita income and the population is the key factor driving the building and construction industry in the Asia Pacific region.
  • The CNC plywood provides beneficial properties such as splitting, twisting, shrinkage, and cracking thus finding a wide range of applications in the end-use industries. When compared with plain wood it provides good strength, workability, flexibility, and reusability, which is driving its demand in the market.
  • The biggest advantage of using CNC cutting machine based plywood is that it makes diagonal, curved, and straight-line cuts incredibly easy. Because by programming the machine to make the cuts and not having to do it manually, eliminates any chance of human error.
  • Due to the COVID-19 Pandemic, most of the countries have gone under lockdown, due to which the construction projects and operations are disruptively stopped, which is hampering the CNC plywood market growth.

CNC Plywood Market Segment Analysis - By Wood Type

The hardwood segment held the largest share in the CNC plywood market in 2019. Hardwood typically comes from deciduous trees and is for the most part harder, darker, and more durable than softwood. Ash, maple, mahogany, oak, and teak are some commonly used hardwoods. They are excellent for cutting complex details and making smaller cuts. Hardwood grows a bit slower than softwood, and it can be a bit more expensive because of this, but it is still a long-lasting material, which is great for crafting high-quality furniture, decks, flooring, and more. All these extensive properties of hardwoods are the key factor anticipated to boost the demand for hardwood based CNC plywood during the forecast period.

CNC Plywood Market Segment Analysis - By End-Use Industry

The building and construction industry held the largest share in the CNC plywood market in 2019 and is growing at a CAGR of 7.86%, owing to the increasing usage of CNC plywoods in the building and construction industry. CNC plywood is used in construction as it provides enhanced mechanical strength while substantially reducing the overall weight of the structure. It also offers better insulation properties and is largely water and weatherproof. Due to the rising development of residential and office spaces and the growing inclination of homeowners towards interior designing, home decor, and aesthetic furnishing, the demand for CNC based plywood is substantially rising. In the construction industry, it is used in the manufacturing of doors, stairs, external cladding, flooring, framing, interior rails and balustrades, internal paneling, and timber joinery products. The growing use of ready-made and easy-to-install furniture in the building and construction industries can also be attributed to being the major factor driving the CNC plywood market growth in the sector during the forecast period.

CNC Plywood Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the CNC plywood market in 2019 up to 41%, owing to the increasing demand for low-cost CNC plywoods from the building and construction industry in the region. Building suppliers and contractors employ CNC plywood to create architectural elements, such as doors, cabinetry, casework, and moldings. Due to the increasing population and increasing per capita income of individuals, the need for buildings and infrastructure is growing in APAC at a lucrative rate. The Indian government has initiated initiatives, such as “100 smart cities” and “Housing for All by 2022,” which are expected to drive the Indian residential construction market over the forecast period. According to the International Trade Administration (ITA), the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. The Act for Promotion of Use of Wood Products in Public Buildings in Japan is boosting the use of CNC plywood in the construction industry as well as building materials. Such investments and initiatives by the government are flourishing the building and construction sector in the APAC region, which is further driving the CNC plywood market growth during the forecast period.

CNC Plywood Market Drivers

Various Advantages Over Conventional Method

As a consequence of the drastic increase in plywood demand, there is a need for increased plywood productivity. CNC plywood enhances productivity while offering various additional designs, which the conventional manual method cannot offer. In addition, CNC plywoods are relatively low-cost, especially when compared to the laser cutting method. The price is why CNC machining based plywood has been so popular in many different industries for such a long time. While the cost of buying a laser cutter itself makes it a more costly option, power consumption also makes it a more expensive option than CNC. And since the computer software controls the machinery, fewer technicians are needed for operation and oversight, which further cuts the overall expense of manufacturing CNC plywood. Thus, these advantages of CNC plywood acts as a driver for the CNC plywood market during the forecast period.

Increasing Automotive Production

When the production of high-performance custom parts is required, CNC machining has applications in the automotive industry. In the car there are many difficult to process parts, they cannot be processed with ordinary machine tools, can only be used CNC machining. CNC plywood is being extensively used in the automotive industries for manufacturing car components such as engines, gearbox, chassis, floors, bevel gears, and more, which is expected to increase its demand during the forecast period. According to the International Trade Administration (ITA), China is the world’s largest vehicle market and the Chinese government is expecting that automobile production will reach 30 million units by 2022 and 35 million by 2027. In 2017, 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, according to the International Trade Administration (ITA), an increase of 0.9 percent from 2016. Also, according to OICA, the production of light commercial vehicles has increased by 10.2 % in 2018 in the APAC region. Thus, increasing automation production will require more CNC plywoods for manufacturing various automotive parts, which act as a driver for the CNC plywood market.

CNC Plywood Market Challenges

Increasing Adoption of Substitute Materials

The challenges that are faced in the CNC plywood market are the increased cost of the CNC plywood when compared with the other substitutes that offer similar characteristics and the changing preference of the packaging manufacturers towards substitute materials such as plastics, metals, cardboard, and more. Other wood-based panel products, such as OSB (Orient Strand Boards), MDF (Medium Density Fiberboard), and particleboards and other composite wood products are relatively inexpensive as compared to plywood. Plastic ply is replacing CNC plywood due to its low weight, moisture absorption, high strength, and chemical resistance properties, which allow this product to be used across a wide range of wood and timber replacement applications. It is ideally suited in applications of moisture where traditional wood materials such as marine ply, CNC plywood are susceptible to rot. Thus, the end-use industries are adopting substitute materials over CNC plywood, which acts as a restrain for the CNC plywood market.

Covid-19 Impact on the CNC Plywood Market

Due to the Covid-19 outbreak, the CNC plywood end-use industries are facing issues such as delays in receiving plywood from the manufacturers due to the restriction on the import and export of commodities. In March 2020, in response to the demand impact of the COVID-19 pandemic, Norbord Inc. production across its portfolio of North American oriented strand board (OSB) mills began to decrease. The pandemic is having a huge impact on the automotive industry. The production of automobiles has been disruptively stopped, contributing to a major loss in the total automotive sectors. With the decrease in automotive production, the demand for CNC plywood has significantly fallen, which is having a major impact on the CNC plywood market. Also, since all the building and construction activities are stopped until the pandemic, no new orders can be taken over neither the existing order production could be completed, which is affecting the CNC plywood market negatively.

CNC Plywood Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the CNC plywood market. In 2019, the market of CNC plywood has been consolidated by the top five players accounting for xx% of the share. Major players in the CNC plywood market are Atlantic Plywood Corp., Edensaw Woods, Norbord Inc., Century Plyboard, WowCarving, Cutshop Inc., Weyerhaeuser Company, Uniply Industries, Roseburg Forest Products Co., and Boise Cascade.

Acquisitions/Technology Launches

  • In March 2020, Atlantic Plywood, a wholly-owned subsidiary of Parksite, expanded its business into the Southeast to become the exclusive Formica distributor in the market.

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Table of Contents

1. CNC Plywood Market- Market Overview
1.1 Definitions and Scope
2. CNC Plywood Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Wood Type
2.4 Key Trends by End-Use Industry
2.5 Key Trends by Geography
3. CNC Plywood Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. CNC Plywood Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. CNC Plywood Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. CNC Plywood Market- By Type (Market Size -$Million)
6.1 Moisture Resistant CNC Plywood
6.2 Boiling Water Resistant CNC Plywood
6.3 Boiling Water Proof CNC Plywood (Marine)
6.4 Laminated CNC Plywood
6.5 Others
7. CNC Plywood Market- By Wood Type (Market Size -$Million)
7.1 Softwoods
7.2 Hardwoods
7.3 Tropical Woods
7.4 Birch Woods
7.5 Eucalyptus Woods
7.6 Others
8. CNC Plywood Market- By End-Use Industry (Market Size -$Million)
8.1 Building & Construction
8.1.1 Residential
8.1.2 Commercial
8.1.3 Others
8.2 Automotive
8.2.1 Passenger Cars
8.2.2 Light Commercial Vehicles
8.2.3 Heavy Duty Vehicles
8.2.4 Others
8.3 Marine
8.3.1 Cargo
8.3.2 Passenger
8.3.3 Supply Vessels
8.3.4 Others
8.4 Paper & Packaging
8.5 Others
9. CNC Plywood Market - By Geography (Market Size -$Million)
9.1 North America
9.1.1 U.S.
9.1.2 Canada
9.1.3 Mexico
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Colombia
9.2.4 Chile
9.2.5 Rest of South America
9.3 Europe
9.3.1 U.K
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Netherland
9.3.6 Spain
9.3.7 Russia
9.3.8 Belgium
9.3.9 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia & New Zealand
9.4.6 Rest of Asia Pacific
9.5 ROW
9.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
9.5.2 Africa South Africa Nigeria Rest of Africa
10. CNC Plywood Market- Entropy
10.1 New Product Launches
10.2 M&A’s, Collaborations, JVs and Partnerships
11. CNC Plywood Market Company Analysis
11.1 Market Share, Company Revenue, Products, M&A, Developments
11.2 Company 1
11.3 Company 2
11.4 Company 3
11.5 Company 4
11.6 Company 5
11.7 Company 6
11.8 Company 7
11.9 Company 8
11.10 Company 9
11.11 Company 10 and more