Wood Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/10/2017
SIC Codes: 2421, 2426, 2429, 2431, 2435, 2436, 2439, 2441, 2452, 2491, 2493, 2499
NAICS Codes: 321
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Wood Product Manufacturing Industry Profile

Companies in this industry manufacture dimensional lumber; veneers, plywood, engineered wood members, or reconstituted wood products; wood windows and doors, wood flooring, or other millwork; wood containers; pallets; prefabricated wood buildings; or manufactured homes. Major companies include Andersen, Cavco, and Weyerhaeuser (all based in the US), as well as Sekisui House (Japan), Stora Enso (Finland), Svenska Cellulosa (Sweden), and West Fraser Timber (Canada).

The global forest products industry, which includes wood product manufacturing, is forecast to grow more than 5% per year through 2018, reaching a value of more than $1 trillion, according to MarketLine. Top global producers of timber and manufactured wood products include Brazil, Canada, China, India, and the US.

The US wood product manufacturing industry includes about 12,000 companies with combined annual revenue of about $90 billion.

For more information about industries covered in this profile, please see the Lumber and Plywood Product Manufacturing, Prefabricated Wood Building Manufacturing, Wood Window and Door Manufacturing, Wood Flooring Manufacturing, and Manufactured Home Manufacturing industry profiles.

COMPETITIVE LANDSCAPE

Demand is closely tied to the level of home construction. The profitability of individual companies depends on efficient operations, because many products are commodities. Large companies enjoy economies of scale in purchasing. Small companies can often compete successfully by focusing on a local market.

Overall, the US industry is fragmented: the top 50 companies account for about 30% of industry revenue. However, some segments of ...

 
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