PUBLISHER: TechNavio | PRODUCT CODE: 1369262
PUBLISHER: TechNavio | PRODUCT CODE: 1369262
The cross laminated timber market is forecasted to grow by USD 1239.79 mn during 2023-2028, accelerating at a CAGR of 12.42% during the forecast period. The report on the cross laminated timber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in real estate and construction industry, growing demand for sustainable building materials, and increasing demand for durable wood flooring.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 12.02% |
CAGR | 12.42% |
Incremental Value | $1239.79mn |
Technavio's cross laminated timber market is segmented as below:
By End-user
By Application
By Geographical Landscape
This study identifies the focus on forestry management as one of the prime reasons driving the cross laminated timber market growth during the next few years. Also, steady shift in wood supply from natural to plantation forests and increasing number of office spaces will lead to sizable demand in the market.
The report on the cross laminated timber market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cross laminated timber market vendors that include B and K Structures, Binderholz GmbH, DRJ Wood Innovations, Eugen Decker Holzindustrie KG, Freres Engineered Wood, HASSLACHER Holding GmbH, HESS TIMBER GmbH, KLH Massivholz GmbH, Mayr Melnhof Holz Holding AG, Mercer International Inc., Nordic Structures, Pfeifer Holding GmbH, PFS Corp., Schilliger Holz AG, SmartLam, Stora Enso Oyj, STRABAG SE, StructureCraft, XLam Ltd., and Sterling Lumber. Also, the cross laminated timber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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