USD 49.27 billion
Reclaimed Lumber Market Size, Share, Growth Analysis, By Application(flooring, paneling & siding, beams, and furniture), By End use(residential, commercial, and industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20B2008 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
65
|Figures:
66
Reclaimed Lumber Market Insights
Reclaimed Lumber Market size was valued at USD 49.27 billion in 2019 and is expected to reach USD 67.50 billion by 2031, at a CAGR of 4.6% during the forecast period (2024-2031)
The reclaimed lumber market will register high growth during the forecast period. Reclaimed lumber is wood that has been obtained from old furniture and buildings. This wood can be used in new projects or recycled into new products. The wood has gone through several restoration processes in order to restore its fitness and worth, and is now used as fresh wood. Reclaimed lumber is used for different construction activities. Many properties make wood a good choice for construction, like high durability and strength. The increasing use of wooden products in residential construction is helping to drive market growth for reclaimed lumber. The degradable quality and environmental concerns of reclaimed lumber are moving the market growth. The high production cost of reclaimed lumber and the high processing costs are likely to limit the market growth over the forecast period.
US Reclaimed Lumber Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
4.6% CAGR
Global Reclaimed Lumber Market ($ Bn)
Country Share for Europe Region (%)
To get more reports on the above market click here to Buy The Report
Reclaimed Lumber Market Segmental Analysis
The reclaimed lumber market is segmented on the basis of application, end use and region. Whereas ,by application it is sub segmented into flooring, paneling & siding, beams, and furniture, among others. By end use it is sub segmented into the residential, commercial, and industrial. By region it is sub segmented into Europe, North America, Asia-Pacific, Middle East & Africa, and Latin America.
Reclaimed Lumber Market Analysis by Application
The furniture segment will generate high revenue over the forecast period. The increasing demand for customized furniture, such as cabinets, chairs, and shelves, is driving the market growth for the furniture segment. The increasing trend of luxurious furniture among residential sectors is benefiting the market growth. The paneling segment is expected to grow significantly over the next few years. Paneling products are made from recycled and average-grade lumber that has been recovered from old construction sites.
Reclaimed Lumber Market Analysis by End use
The residential segment is a major consumer of reclaimed lumber over the forecast period. Reclaimed lumber that has been used in new applications in the residential sector, like cabinets, flooring, framing, paneling, casework, and interior design. This growth segment is supported by the increasing demand for maintainable products. The market for reclaimed lumber is forecast to grow in the next few years.
Global Reclaimed Lumber Market By End use
To get detailed analysis on other segments, Request For Free Sample Report
Reclaimed Lumber Market Regional Insights
Europe continues to be the dominant player in the global market, accounting for over 41% of all business revenue in 2021. This is due to growth in the construction sector and increased private investments. Due to the fastest growing residential sector in the region and increasing product demand from developed economies, The regional market will grow further at a stable CAGR from 2021 to 2028 such as Germany and the U.K.
Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 owing to rapid urbanization, increasing population, and an increasing number of construction activities in the region. The market is largely determined by the number of products that are sold in the commercial sector.
North America's steady demand for products is likely due to the increasing awareness of their functionality, look, feel, and cost in applications, such as flooring, furniture, and structural timbers.
Global Reclaimed Lumber Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Reclaimed Lumber Market Dynamics
Reclaimed Lumber Market Drivers
Rise in Construction Activities to Boost Market Growth
- The market for reclaimed lumber is growing steadily, due to increasing demand from the construction sector, increasing acceptance of recycled products, and favorable government initiatives in various countries to forward the use of processed materials. Governments around the world are investing in infrastructure modernization projects in an effort to improve their countries. DPIIT reported that infrastructure activities sectors in India had got FDI inflows of USD 25.69 billion and USD 16.97 billion between April 2000 and June 2020. The construction sector has benefited from past investments in this area, and more will be needed in the future to ensure its continued growth. The construction sector is forecast to drive the growth of the market for reclaimed lumber.
Reclaimed Lumber Market Restraints
High Production Cost to Hinder Market Growth
- The reclaimed lumber market is suffering due to low demand during and post COVID-19 pandemic. The market is further hindered by the high cost associated with producing and manufacturing lumber across the globe.
Request Free Customization of this report to help us to meet your business objectives.
Reclaimed Lumber Market Competitive Landscape
The key players in the reclaimed lumber industry are trying to maintain a competitive edge by offering high-quality products at low prices and developing the range of materials they offer. Reclaimed lumber is an increasingly popular market sector, with players using a variety of innovative strategies to gain an edge. These include launching new technologies, investing in research and development, and acquiring other businesses.
Reclaimed Lumber Market Top players company profiles
- Vintage Timberworks, Inc.
- Carpentier Hardwood Solutions, NV
- Imondi Flooring
- TerraMai
- Jarmak Corporation
- Elemental Republic
- Olde Wood Ltd.
- Trestlewood
- True American Grain Reclaimed Wood
- Beam and Board, LLC
- Altruwood
Reclaimed Lumber Market Recent Developments
- In January 2020, USA Millwork acquired Mission Bell, an architectural millwork manufacturer in Northern California, intending to expand its national platform and provide engineers and contractors with increased capacity, capabilities, and market-leading practices
- In March 2021, Travel Leisure released news on Flophouze Shipping Container Hotel in Texas, the - U.S, as a cool eco-friendly hotel, for its unique design and construction from repurposed shipping containers
Reclaimed Lumber Key Market Trends
- A recent trend in the reclaimed lumber market is the use of Cross-Laminated Timber (CLT). This construction technique is becoming more popular as it is more environmentally friendly and efficient than traditional construction methods. The increasing use of processed wood products in CLT products and the growing preference of engineers, architects, and developers for tall wooden buildings is likely to drive growth in the reclaimed lumber industry.
Reclaimed Lumber Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global reclaimed lumber market analysis, Some of the reasons supporting market expansion include rising environmental consciousness, rising recycling propensity, and expanding provisions to address waste management-related challenges. Cross-laminated timber construction is a new trend that the building industry has noticed (CLT). In order to lessen their carbon footprint on the environment, architects, developers, and engineers are becoming more inclined to create tall wooden structures, which is projected to increase demand for the product.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 49.27 billion |
| Market size value in 2031 | USD 67.50 billion |
| Growth Rate | 4.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Reclaimed Lumber Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Reclaimed Lumber Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Reclaimed Lumber Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Reclaimed Lumber Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Reclaimed Lumber Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Reclaimed Lumber Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
