The global Reclaimed Lumber market size is expected to be worth around US$ 80.37 billion by 2030, according to a new report by Vision Research Reports.
The global Reclaimed Lumber market size was valued at US$ 49.27 billion in 2020 and is anticipated to grow at a CAGR of 4.10% during forecast period 2021 to 2030.
The global industry growth is also credited to the burgeoning demand for wood-based products in, paneling & siding, and architectural millwork owing to their durability and aesthetics. The antique look and aesthetic appeal offered by these products are the major factors responsible for its high demand.
Increased penetration of the product in the construction industry due to factors, such as its eco-friendly nature, availability of a wide range of products under LEED certifications, and rising adoption of green building construction materials, is expected to augment the market growth over the forecast period.
Key market players majorly focus on offering high-quality materials to their customers and follow a focused cost leadership. The companies attempt to diversify their business through consistent quality and better customer service. New entrants or small market players prefer to develop a strategic relationship with local end-users, such as furniture manufacturers or construction contractors, who consume a large portion of the products.
The furniture segment led the global market with a revenue share of over 31% in 2020 and is projected to witness significant growth from 2021 to 2028. High demand for antique furniture and custom-manufactured furniture, including chairs, shelves, etc. is expected to drive the segment growth over the forecast period.
Based on application, the market is segmented into furniture, paneling & siding, flooring, beams, and others. flooring s one of the prominent applications. Materials ranging from clear, vertical grain to naily grade are preferred for flooring applications.
The others application segment includes architectural millwork and small item manufacturing, such as gift boxes and slingshot handles. Small-item manufacturing requires small wood pieces, which can be easily obtained from the waste wood of primary and secondary wood manufacturing sectors. The material used is often inexpensive; however, the product cost is usually high due to high labor costs.
The global market has witnessed significant growth and is projected to maintain its pace over the forecast period. However, the impact of the Covid-19 pandemic can be seen on the overall market prospect. Temporary shutdown of the global industries, complete lockdown across several key regions, and supply chain interruptions have severely affected the market growth.
The commercial end-use segment dominated the market in 2020 and accounted for over 57% of the global revenue share. The segment is projected to witness the fastest CAGR from 2021 to 2028. The product has several applications in the commercial sector, including wall coverings, flooring, tabletops, seats, and light fixtures. The product is preferred for its rustic design and unique look. The design aesthetic helps to disguise the wear and tear in high traffic areas, which is a common occurrence in the commercial sector. Moreover, product usage for interior applications offers uniqueness to the design, which is often preferred by the operators.
Reclaimed wood products offer an ideal choice for many residential applications, such as framing, casework, paneling, flooring, trim, cabinets, and interior design components. The product demand in high-quality decorative applications is expected to fuel the segment growth over the forecast period. Reclaimed lumber products meet LEED and FSC certifications and are associated with responsible forestry and sustainability. However, the industrial applications accounted for a minor share in the market on account of the dynamic nature of the industrial processes and stringent policies & regulations regarding the materials used in the industrial premises.
Europe dominated the market and accounted for over 41% of global revenue in 2020 owing to significant growth and increased private investments in the construction sector. The regional market will expand further at a steady CAGR from 201 to 2028 due to the rapidly growing residential sector in the region and rising product demand from developed economies, such as Germany and the U.K.
Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 owing to rapid urbanization, rising population, and an increasing number of construction activities in the region. The market is majorly driven by product penetration in the commercial sector. Flourishing tourism has led to growing requirements for restaurants and food chains in the region, which is projected to fuel the product demand.
North America exhibits a steady product demand due to increasing awareness regarding its functionality, look, feel, and cost in applications, such as flooring, furniture, and structural timbers. The U.S. dominates the North America regional market owing to the surge in demand from the commercial sector, including retail, hospitality, and offices.
The Rest of the World segment includes South Africa and Brazil, where the market is projected to have a substantial growth due to demand for reclaimed furniture and other household accessories on account of the rise in construction activities. Moreover, increasing product demand in interior decoration applications is anticipated to bolster the segment growth.
Vintage Timberworks, Inc.
Carpentier Hardwood Solutions, NV
Olde Wood Ltd.
True American Grain Reclaimed Wood
Beam and Board, LLC
Paneling & Siding
Rest of the World
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 2030. 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 2030. 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
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 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.
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:
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