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Wood Product Manufacturing in the US - Industry Market Research Report

  • ID: 574733
  • Report
  • Region: United States
  • 36 Pages
  • IBISWorld
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Against the grain: Despite rising import competition, industry demand will be sustained by other sectors

Wood Product Manufacturing in the US

The Wood Product Manufacturing industry produces a diverse range of wood products. . The construction sector is the industry's largest source of demand; as a result, operators have benefited from strong growth in housing starts over the five years to 2019. Consumer spending has also increased during the current period, raising demand for household wood products. In addition, exports have surged due to European Union biofuel regulations, which have boosted demand for North American wood pellets, especially from the United Kingdom. Despite these trends, producers of wooden household goods have contended with stronger competition from low-cost imports. Additionally, these manufacturers have experienced competition from products made with substitute materials, such as plastic and metal, leading the average industry profit margin to decline. Overall, industry revenue is anticipated to increase during the current period due to increases in consumer spending and per capita disposable income. Over the five years to 2024, industry revenue is forecast to continue to rise, albeit at a slower rate due to decelerating growth in residential construction and disposable income.

This industry manufactures wood products not produced by sawmills or by manufacturers of veneer, engineered wood, millwork and mobile homes. Therefore, industry products are miscellaneous. They include wood ladders, cabinets, kitchenware, broom handles, kiln-dried lumber, reels and toothpicks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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