Overview

Against the grain: Despite rising import competition, industry demand will be sustained by other sectors

IBISWorld’s Wood Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth
12-17
2.4%
Annual Growth
17-22
Profit
Employment
29,451
Business
6,595

Industry Threats & Opportunities

  • Imports are expected to remain high, as is competition from rubber, steel, aluminum and plastic substitutes
  • Since the industry is mainly composed of small manufacturers, price-based competition is high
  • Wooden household product manufacturers will face competition from imports and substitute materials

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    Industry Analysis & Industry Trends

    The Wood Product Manufacturing industry produces a diverse range of wood products. The construction sector is the industry's largest revenue source, so operators have benefited over the five years to 2017 from strong growth in housing starts. Consumer spending has also increased, lifting demand for household wood products. Although the industry's construction-related segments have experienced rebounding demand over the past five years, producers of wooden household goods have come against stronger competition from low-cost imports, which have grown to satisfy more than one-third of domestic demand. Additionally, these manufacturers have faced competition from products made with substitute materials, such as plastic and metal...

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    Industry Report - Industry Analysis Chapter

    The Wood Product Manufacturing industry encompasses all wood products that are not manufactured by sawmills, veneer producers, engineered wood product manufacturers, millwork companies or wood container manufacturers. Therefore, industry operators manufacture a wide range of miscellaneous products, from consumer goods, such as toothpicks and kitchenware, to construction materials, such as kiln-dried lumber and wood flour. Demand for the industry’s products is primarily driven by activity in the construction sector, its largest market, but is also impacted by household spending levels. Alt..

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    Additional Insights for the Wood Product Manufacturing Industry

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

  • Economies of scale
  • Access to secure revenue
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Housing starts and Consumer spending in the Wood Product Manufacturing industry impact industry performance..

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    Industry Products

    What is the Wood Product Manufacturing Industry?

    This industry manufactures wood products not produced by sawmills or by manufacturers of veneer, engineered wood, millwork and mobile homes. Therefore, industry products are miscellaneous. They include wood ladders, cabinets, kitchenware, broom handles, kiln-dried lumber, reels and toothpicks.

    Industry Products
    Architectural products
    Wood stock and fuel
    Home furnishings
    Baskets, reels and stoppers
    Tools and handles
    Sporting goods
    Industry Activities
    Bottle cork
    Wooden kitchenware (e.g. bowls, cutting boards)
    Wood reels
    Prefabricated fence section
    Firewood
    Wood flour
    Furniture inlays
    Wood handle (e.g., broom, mop, hand tool)
    Kiln drying lumber
    Wooden ladder

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • Consumer spending
  • Price of sawmill lumber
  • Trade-weighted index

  • Current Performance
  • Rising demand
  • Industry structure
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand to persist
  • Competition to rise
  • Threats to export growth
  • Table: Wood Product Manufacturing Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Builders
  • Manufactured Home Wholesaling
  • Home Furnishings Stores

  • Key Selling Industries
  • Millwork
  • Sawmills & Wood Production

  • Products & Services
  • Wood stock and fuel
  • Architectural products
  • Home furnishings
  • Baskets, reels and stoppers
  • Tools and handles
  • Sporting goods
  • Other
  • Chart: Wood Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Building contractors
  • Exports
  • Businesses
  • Other
  • Chart: Major Market Segmentation for the Wood Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Wood Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Product Manufacturing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Wood Product Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Price of sawmill lumber (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Dowel
  • A cylindrical rod usually made from wood, plastic or metal. Dowels are often used as structural reinforcement in cabinet making.
  • Kiln-Dried Lumber
  • Lumber that has been dried in a kiln to give it a low moisture content. When the drying process is complete, the lumber typically has a moisture content between 6.0% and 8.0%.
  • Wood Reel
  • A round device used for storing and transporting flexible materials, such as wires, cables, fishing line, tubing and line
  • Why buy this report?

    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 Product 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 Product 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 Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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