Since centuries, the unique comparative and characteristics abundance of wood have made it a natural material for homes and other architectural structures, tools, furniture, decorative objects and vehicles. Today, the same wood is prized for wide range of uses in various end-user markets.

Wood comprises of lignin, cellulose, hemicelluloses, and low amount of extraneous materials which is contained in the cellular structure. Variations in the volume and characteristics of these components and disparity in the cellular structure tend to make wood light or heavy, flexible or stiff and soft or hard. However, use of wood to its best advantage, mostly in engineering applications, physical properties or special characteristics are a major concern.

Growing population worldwide has become the major factor responsible for increasing industrialization. The basic needs of human life have been on rise with increased population growth worldwide. The growth in worldwide population is driving growth of many industries one among which is the building & construction industry.

Builders’ joinery and carpentry, due to its beneficial properties is been used on a large scale in the developed economies worldwide. Emerging economies too are moving its attention towards luxury due to rising disposable income of the population majorly in China, Malaysia, and India. Luxurious wood furniture, windows, doors and its frames are the major attractive segments for people in the emerging economies. Hence, high demand is expected for builders’ joinery and carpentry of wood from the emerging economies worldwide.

Cellular wood panels are the largest product segment in the global builders’ joinery and carpentry of wood market. In 2020, the segment accounted for 14.2% share of the market by value in the global builders’ joinery and carpentry of wood market. Whereas, shingles and shakes product segment is projected to be the fastest growing segment over the forecast period. It is projected to grow at a CAGR of 2.0% from 2021 to 2029.

In 2020, Europe accounted for more than 30% share of the total demand. North America is the second largest market followed Asia Pacific. Asia Pacific is projected to be the fastest growing market over the forecast period. Changing lifestyle, rise in disposable income, rapid urbanization are the factors contributing towards the market growth.  The Rest of the World (RoW) builder joinery and carpentry of wood market remained flat almost through 2017-2019 but is now showing promising signs.

The report titled “Global Builders' joinery and carpentry of wood Market - Growth, Future Prospects & Competitive Analysis, 2021 – 2029” offers strategic insights into the global Builders' joinery and carpentry of wood market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading Builders' joinery and carpentry of wood manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are Meer End Staircases & Joinery, Medina Joinery, Stairways Midlands Ltd, Super Bebris and SIA BYKO-LAT among others. Further, the report also covers market positioning of the key players operating in the Builders' joinery and carpentry of wood market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the Builders' joinery and carpentry of wood industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 – 2019)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global Builders' joinery and carpentry of wood market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

In 2020, cellular wood panels and doors and their frames and thresholds together accounted for more than 50% share of the global market. Both these segments are projected to maintain their dominance over the forecast period of 2021 to 2029. However, in the future shingles and shakes segment is projected to be the fastest growing product segment shingles and shakes product is projected to grow at a CAGR of 3.0% from 2021 to 2029.

Assembled parquet panels are another attractive product segments in the global builders’ joinery and carpentry of wood market. In 2020, the segment accounted for 19.3% share by value in the global builders’ joinery and carpentry of wood market.

In 2020, Europe and North America together accounted for more than 60% share of the global market. Europe is the largest market and projected to maintain its dominance during the forecast period of 2021 to 2029. North America is the second largest market followed Asia Pacific. Asia Pacific is projected to be the fastest growing market over the forecast period. Changing lifestyle, rise in disposable income, rapid urbanization are the factors contributing towards the market growth.  The Rest of the World (RoW) Builders' joinery and carpentry of wood market remained flat almost through 2017-2019 but is now showing promising signs.

Builders' joinery and carpentry of wood markets recovered rapidly compared to previous year in the U.S., but European markets declined during 2018. Asian exporters seem to be the sole beneficiaries of the growing demand in the U.S. as the demand concentrates on the more economic products. The European markets are mainly supplied by European producers.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Builders' Joinery And Carpentry Of Wood market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Builders' Joinery And Carpentry Of Wood market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Builders' Joinery And Carpentry Of Wood market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Builders' Joinery And Carpentry Of Wood market?
• Which is the largest regional market for Builders' Joinery And Carpentry Of Wood market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Builders' Joinery And Carpentry Of Wood market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Builders' Joinery And Carpentry Of Wood market worldwide?