The Global Finished Wood Products Market Is Forecast To Grow At A High CAGR To 2020

The Business Research Company’s global finished wood products market analysis covers the year-on-year growth of the global finished wood products market historic and forecast growth. It also includes chapters on the finished wood products market trends, geographical analysis, and competitive landscape.

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The global finished wood products market is forecast to grow at a CAGR (compound annual growth rate) of around 7.4% to 2020.
Finished Wood Products Market Segmentation

According to TBRC’s global finished wood products market research, the market is split by segments into millwork, wood pallets and skids production, and wood product manufacturing.

Millwork was the largest segment in the global finished wood products market with more than 50% share of the market. This can be attributed to a high demand for finished wood products such as doors, windows and frames from individual customers and commercial establishments. Millwork market includes flooring, and manufacturing of wood products (except veneer, engineered wood products, millwork, wood containers, pallets, and wood container parts).

Wood pallets and skids production was the second largest segment in the global finished wood products market with more than 15% share of the market. Wood container and pallet manufacturing establishments engages in the manufacturing and marketing of wood pallets, wood box shook, wood boxes, other wood containers, and wood parts for pallets and containers.

Wood product manufacturing was the smallest segment in the global finished wood products market with nearly 12% share of the market. The market includes wood window and door manufacturing companies, cut stock, resawing lumber, and planning establishments.

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Asia Pacific was the largest region in the global finished wood products market in 2017. This was mainly due to rise in construction activity owing to ec0nomic growth in China and India. South America was the second largest region in the market.

The global finished wood products market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global finished wood products market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report are LIXIL Group, JELD-WEN, Pella, Masco, Masonite, and Stora Enso.

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