Deeply rooted: Renewed housing demand will revive revenue, despite import competition

Housing starts and other residential activity increased healthily over the five years to 2018, raising demand for the industry. However, revenue growth has been uneven due to volatility in wood prices, which caused revenue to stagnate early in the period. Overall, industry revenue is expected to increase at an annualized rate of 3.7% to $26.3 billion over the five years to 2018, including growth of 5.4% projected in 2018 alone. Over the five years to 2023, IBISWorld anticipates that the residential construction market will continue to grow, albeit at a slower rate, sustaining demand for industry products...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Industry demand largely depends on the number of housing starts and the value of residential construction
  • Wood paneling manufacturers encounter direct import competition
  • Industry products encounter far greater competition in commercial construction markets
  • Industry Report - Industry Key Buyers Chapter

    The Wood Paneling Manufacturing industry has a low but rising level of market share concentration. In 2018, the four largest companies in the industry are expected to generate 28.0% of total revenue, up from an estimated 24.4% in 2013. Although demand for wood paneling has improved alongside a recovery in the construction sector, the industry has undergone consolidation in recent years. The industry's largest companies typically are vertically integrated with upstream logging or sawmill operations and manufacture a wide scope of wood products. This enabled them to better weather the housing crash and emerge in the following years with the resources to acquire smaller and poorer-performing competitors amid low industry profitability. Mar...purchase to read more.

    Additional Insights for the Wood Paneling Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Paneling Manufacturing Industry are

  • Control of distribution arrangements
  • Economies of scale
  • Ability to alter goods and services produced in favor of market conditions
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Demand from household furniture manufacturing in the Wood Paneling Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wood Paneling Manufacturing Industry?

    The industry includes companies that manufacture veneer, plywood, engineered wood or reconstituted wood products. The industry does not include companies that primarily engage in sawmilling or wood preservation, nor does it include companies that primarily produce dimensions stock.

    Industry Products
  • Reconstituted wood products
  • Softwood veneer and plywood
  • Trusses
  • Hardwood veneer and plywood
  • Engineered wood products
  • Industry Activities
  • Veneer
  • Plywood
  • Reconstituted wood products (including sheets and boards)
  • Plastic-faced plywood
  • Oriented strand board (OSB)
  • Medium-density fiberboard (MDF)
  • Laminated structural wood members
  • Fabricated structural wood members
  • Particleboard
  • Roof trusses
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Demand from household furniture manufacturing
  • Housing starts
  • Trade-weighted index
  • Value of private nonresidential construction
  • Price of sawmill lumber

  • Current Performance
  • Downstream demand
  • International trade
  • Participation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained construction growth
  • Trade conditions
  • Declining participation
  • Table: Wood Paneling Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Paneling Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Millwork
  • Household Furniture Manufacturing
  • Office Furniture Manufacturing
  • Lumber Wholesaling
  • Commercial Building Construction

  • Key Selling Industries
  • Laminated Plastics Manufacturing
  • Plastic & Resin Manufacturing
  • Sawmills & Wood Production

  • Products & Services
  • Reconstituted wood products
  • Trusses
  • Softwood veneer and plywood
  • Hardwood veneer and plywood
  • Engineered wood products
  • Chart: Wood Paneling Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Independent wholesalers
  • Retailers
  • Building contractors
  • Manufacturers and other businesses
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Wood Paneling Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Wood Paneling Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Paneling Manufacturing Industry

  • Industry Globalization
    Georgia-Pacific LLC, Weyerhaeuser Co., Boise Cascade Company,
  • Table: Georgia-Pacific LLC - financial performance
  • Table: Weyerhaeuser Co. - financial performance
  • Table: Boise Cascade Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Paneling Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wood Paneling Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Medium-Density Fiberboard (Mdf)
  • Made by applying high heat and pressure to a mixture of softwood and wood fibers mixed with a resin.
  • Oriented Strand Board (Osb)
  • Produced by layering strands or flakes of wood across various orientations and then compressing it with resin.
  • Particleboard
  • Also known as chipboard, this material is made from wood chips and shavings, mixed with a resin and pressed.
  • Plywood
  • Made from thin sheets of wood veneer, which are glued together at right angles to increase strength.
  • Veneer
  • Thinly sliced pieces of wood that are glued to wood, MDF and particleboard panels.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wood Paneling Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Wood Paneling Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Paneling Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Paneling Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Paneling Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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