The global Reclaimed Lumber market size is expected to be worth around US$ 68.48 billion by 2028, according to a new report by Vision Research Reports.
The global Reclaimed Lumber market size was valued at US$ 51.08 billion in 2020 and is anticipated to grow at a CAGR of 3.8% during forecast period 2021 to 2028.
Growth Factors
The global market is anticipated to be driven by a growing interest in recycling due to environmental awareness, resulting in increased product demand.
The industry is rapidly rising due to growing environmental awareness, increasing interest in recycling, and intensifying urgency to deal with waste management issues. The construction sector has been observing an emerging trend of sustainable construction using cross-laminated timber.
The reclaimed lumber is extensively used in flooring, paneling, beams and boards, furniture, and other applications for residential, commercial, and industrial construction. The use of reclaimed lumber in construction results in fewer materials being sent to landfills, which will significantly reduce environmental pollution.
Report Highlights
The furniture application segment held the largest revenue share of 31.5% in 2020 and is projected to witness significant growth over the forecast period. High demand for antique furniture due to its unique design is expected to fuel the segment growth over the forecast period. It is one of the critical applications of reclaimed lumber, which is gaining a lot of momentum in Asia, owing to the patina and pedigree it offers.
The market is bifurcated based on application into flooring, paneling, beams and boards, furniture, and others. Other applications of reclaimed lumber include small item manufacturing and architectural millwork. The global market exhibits substantial growth due to the product’s superior characteristics, including sustainability, strength, durability, and stability.
The market is expected to witness sustainable growth in the years to come owing to the increasing demand for energy-efficient construction solutions. The energy requirement and CO2 emission during the manufacturing of flooring from virgin wood are higher than those of reclaimed wood. Hence, rising awareness regarding sustainable construction is anticipated to boost the product demand further.
The global market has witnessed significant growth and is projected to maintain its pace over the forecast period. Increasing use of reclaimed lumber in products associated with cross-laminated timber, and the inclination of architectures, developers, and engineers towards tall wooden buildings with the aim of reducing carbon footprint in the environment, are expected to boost demand for reclaimed lumber.
In terms of end-use, the market for reclaimed lumber is majorly segmented into residential, commercial, and industrial. The commercial end-use segment held the largest revenue share of 57.4% in 2020 and is projected to witness significant growth in the years to come. The retail sector represents the most robust growth and is expected to dominate the reclaimed lumber market, followed by the residential sector.
Reclaimed lumber is a mainstream trend in the commercial sector owing to many restaurants sporting a rustic look. The product finds usage in several commercial sector applications, including flooring, wall covering, bar tops, tabletops, light fixtures, and seats. Restaurants, pubs, resorts, retail outlets, and office spaces are the leading end-use sectors for reclaimed lumber.
The residential and industrial uses of reclaimed lumber are projected to witness moderate growth over the forecast period. Reclaimed lumber is a sustainable and aesthetically pleasing material that is used in residential applications to incorporate texture. However, increasing preference for sustainably harvested wood for residential construction owing to its low cost may hamper the residential segment growth over the forecast period.
The industrial applications of reclaimed lumber include custom-made doors as well as windows and structurally efficient components, including roof trusses, flat trusses, I-beams, box beams, and I-posts. The applications also encompass beams, boards, and columns for industrial buildings or warehouses, which can be used as wall panels or floor slabs.
Europe dominated the market and accounted for over 41.02% share of the global revenue in 2020. The European market has witnessed significant growth in construction activities, which is anticipated to boost product demand over the forecast period.
North America held a significant market share in 2019 due to the growing housing sector in the region and increasing awareness regarding green buildings. As reclaimed lumber does not include cutting forests, which helps in preserving wildlife species, the product demand is expected to remain high in the future. The U.S. accounted for the largest revenue share in the North American market due to its growing population, construction activities, and increasing raw material availability.
Asia Pacific is expected to witness the fastest growth in the forecast period owing to the increasing awareness regarding the use of salvaged wood and the massive potential of the construction industry in the region. The construction industry in Asia Pacific is expected to outperform on account of increasing per capita income, rapid urbanization, and the growing population.
Key Players
Longleaf Lumber, Inc.; Vintage Timberworks, Inc.; Atlantic Reclaimed Lumber, LLC; Carpentier Hardwood Solutions, NV; Imondi Flooring; TerraMai; Jarmak Corporation; Elemental Republic; Elmwood Reclaimed Timber; Olde Wood Ltd.; Trestlewood; Montana Reclaimed Lumber Co.
Market Segmentation
Application Outlook
Flooring
Paneling
Beams & Boards
Furniture
Others
End-use Outlook
Residential
Commercial
Industrial
Regional Outlook
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Asia Pacific
China
Japan
Rest of the World
Brazil
South Africa
The Reclaimed Lumber market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Reclaimed Lumber market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Reclaimed Lumber market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Reclaimed Lumber market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Reclaimed Lumber market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Reclaimed Lumber capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Reclaimed Lumber by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Reclaimed Lumber market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Reclaimed Lumber market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Reclaimed Lumber market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Reclaimed Lumber industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Reclaimed Lumber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Reclaimed Lumber market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Reclaimed Lumber market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Reclaimed Lumber market. These factors have benefited the growth of the global market for Reclaimed Lumber. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Reclaimed Lumber. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Reclaimed Lumber are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers