Wood Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/18/2024
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 Corporation, 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 estimated total value of the world's forests is as much as $150 trillion-nearly double the value of global stock markets, according to Boston Consulting Group (BCG). Russia, Brazil, Canada, the US, and China accounted for more than 50% of the global forest area.

The US wood product manufacturing industry includes about 15,000 companies with combined annual revenue of about $110 billion.


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 40% of industry revenue. However, some segments of the industry are concentrated, including plywood and veneers, wood windows and doors, and manufactured housing.


Major products include wood sheathing products (about 25% of industry revenue), softwood dressed 2-inch lumber (more than 20%), and wood pallets and pallet containers ...

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