High demand for excellent quality wood and increasing government regulations for waste management are the drivers for the growth of the market.
New York, NY -- (SBWIRE) -- 04/13/2021 -- The global Reclaimed Lumber Market is forecast to reach USD 17.79 Billion by 2027, according to a new report by Reports and Data. Growing demand for recycled wood furniture due to low costs and environmental benefits will drive the global market over the forecast period. Various government mandates and the increased cost of landfills to reduce waste have encouraged the recovery of wood waste. The industry has experienced a notable shift from recovering wood recovered with little or no defects to recovering higher-value applications, including doors, wall panels, and fencing, to increase the percentage of salvage value.
Reclaimed lumber is of higher quality than sustainably harvested and virgin wood, but is available at a higher price than its counterparts. Besides, the industry is experiencing a significant gap between supply and demand, which results in high consumption of substitutes, thus limiting the growth of the industry. There are a large number of regional companies operating in the world market. Entry into the market is not capital intensive, which should intensify competition from emerging companies. Besides, the increase in profit margins associated with the growing demand for the product should also attract new companies to the industry.
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Further key findings from the report suggest
Flooring dominated the market in 2019 and accounted for 30.7% of total volume due to the demand for aesthetic and durable products in the residential and commercial sectors.
The commercial sector is expected to be the fastest-growing segment during the forecast period due to the preference for rustic appearance and unique designs for applications such as flooring, wall coverings, tabletops, and light fixtures.
The industry is concentrated in North America and is expected to reach sales of USD 5.34 billion by 2027 due to an upward trend for green building materials and positive green building code developments.
Growing demand for products for structural applications, including cross-laminated timber (CLT) and glued laminated timber (glulam) in Europe, is expected to fuel regional growth.
The global market for reclaimed lumber presents an increased integration of companies along the value chain combined with deconstruction contractors, often being integrated into distribution forwardly. In contrast, product manufacturers generally present a backward integration to processing.
Key participants include Carpentier Hardwood Solutions NV, Recycling the Past, LLC, Vintage Timberworks, Inc., Longleaf Lumber, Inc., Atlantic Reclaimed Lumber, LLC, Imondi Flooring, Jarmak Corporation, Elmwood Reclaimed Timber, G R Plume Company, and Olde Wood Ltd., among others.
For the purpose of this report, Reports and Data have segmented into the global Reclaimed Lumber market on the basis of Application, Source, End-Use, and Region:
Application Outlook (Revenue, USD Billion; 2017-2027)
Beams & Boards
Flooring
Paneling and Siding
Furniture
Others
Source Outlook (Revenue, USD Billion; 2017-2027)
Post-industrial Reclaimed
Post-Consumer Reclaimed
Water Reclaimed
Orchard Salvage Reclaimed
Forest Floor Salvage Reclaimed
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Residential
Industrial
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Regional Outlook (Revenue in USD Billion; 2017–2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC -
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Reclaimed Lumber Market Segmentation & Impact Analysis
4.1. Reclaimed Lumber Market Material Segmentation Analysis
4.2. Industrial Outlook
…………..
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. Carpentier Hardwood Solutions NV
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Recycling the Past, LLC
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Vintage Timberworks, Inc.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Longleaf Lumber, Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Atlantic Reclaimed Lumber, LLC
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
Continued……….
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Reclaimed Lumber market and its competitive landscape.
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