August 07, 2018
WELLESLEY, Mass., Aug 07, 2018–The construction wood market is being driven by government support for affordable housing, tax waivers, and subsidies for construction companies and homeowners. According to the BCC Research report Construction Wood Manufacturing: Global Markets to 2022, the market reached a value of nearly $204.7 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% to reach nearly $245.4 billion by 2022.
The construction wood market includes wood window and door manufacturing, cut stock, resawing lumber, planing, and other millwork utilized in construction and furniture industries. Major players in the market are Andersen Corporation, Canfor Corporation, Georgia-Pacific LLC, JELD-WEN Holding, Inc., Masonite International Corporation, among many others.
“The global construction wood market is growing due to rapid population growth and urbanization in emerging markets owing to economic growth and low mortgage rates in many developed and developing countries,” the report notes. “These factors, along with technological advances such as robotics and automation, are expected to drive the construction wood products industry.”
Global construction wood products market outlook is positive with growth potential for dimension lumber, studs and other cut stocks, and other lumber products.
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Construction Wood Manufacturing: Global Markets to 2022( MFG057A )
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