市場調查報告書
商品編碼
1474043
全球再生木材市場 - 2024-2031Global Reclaimed Lumber Market - 2024-2031 |
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概述
全球再生木材市場在 2023 年達到 542 億美元,預計到 2031 年將達到 771 億美元,2024-2031 年預測期間複合年成長率為 4.5%。
現在市場上的定製程度可與傳統硬木和膠合板產品相媲美。為了在日益擁擠的市場中脫穎而出,許多新進業者正在採取「客製化」策略,以提高消費者對其產品的興趣。
近年來另一個顯著的趨勢是工業自動化的使用。自動化使生產商能夠大幅降低生產成本並提高產品的承受能力。為了確保未來市場的穩定成長,更多的生產商需要轉向自動化生產流程。
動力學
對森林砍伐的擔憂日益加劇
對木材的需求已成為過去十年中森林砍伐的主要原因之一,從2010年起森林砍伐的速度急劇加快。如果聯合國糧食及農業組織的資料可信,那麼每年有近 1,000 萬公頃的森林被砍伐。對森林砍伐的日益擔憂促使消費者行為轉向木製家居用品。
調查顯示,如果這意味著可以減緩森林砍伐速度,西方消費者願意為再生木材產品支付溢價。鑑於永續發展的吸引力,許多高收入階層的消費者專門選擇由再生木材製成的家具和配件。
消費者不再使用合板
幾十年來,家具和配件主要作為大眾市場產品銷售,由普通等級的膠合板廉價製造。然而,這種家具不是很耐用,許多消費者正在選擇更耐用的選擇。過去十年,對實木配件的需求顯著增加。
然而,由於優質硬木來源困難,實木家居用品的價格非常昂貴。因此,再生木材為希望擺脫膠合板的消費者提供了更經濟的選擇。這一趨勢在已開發國家更為明顯,那裡的人均收入較高,使得放棄膠合板變得更加可行。
生產成本高
儘管再生木材產品越來越受歡迎,但在生產中仍面臨許多挑戰。最重要的挑戰是採購優質二手木材。大多數情況下,大多數木材都會腐爛並被細菌和真菌污染。採購高品質的舊木材是一個困難且耗時的過程,這會增加生產成本。
再生木材製品的生產需要使用善於識別和加工木材的熟練商人。由於這是一項利基技能,許多行業都面臨勞動力短缺的問題,而且該行業的工資與其他行業相比相對較高。較高的生產成本意味著成品的產量較高,並最終限制了全球市場的覆蓋範圍。
Overview
Global Reclaimed Lumber Market reached US$ 54.2 billion in 2023 and is expected to reach US$ 77.1 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.
The degree of customization now available in the market is rivaling that of traditional hardwood and plywood products. To differentiate themselves in an increasingly crowded marketplace, many new entrants are embarking upon a 'made-to-order' strategy to increase consumer interest in their products.
Another notable trend that has become prominent in recent years is the usage of industrial automation. Automation has allowed producers to drastically lower production costs and increase the affordability of their products. For ensuring steady market growth in the future, more producers need to switch over to an automated production process.
Dynamics
Rising Concerns About Deforestation
The demand for lumber has become one of the major causes of deforestation over the past decade, with the pace of deforestation accelerating sharply from 2010 onwards. If UN Food and Agricultural Organization data is to be believed, then nearly 10 million hectares of forests are cut down every year. The growing concerns about deforestation have prompted a shift in consumer behaviors towards wooden home furnishing articles.
Surveys indicate that western consumers are prepared to pay a premium for reclaimed lumber products if it means that deforestation can be slowed down. Given the appeal of sustainability, many consumers in the high-income bracket are exclusively opting for furniture and fittings made from reclaimed lumber.
Consumer Shift Away from Plywood
For many decades, furniture and fittings were mainly marketed as mass market products manufactured cheaply from average grades of plywood. However, such furniture is not very durable and many consumers are opting for more durable options. The demand for solid wood fittings has increased noticeably over the past decade.
However, since good quality hardwoods are difficult to source, the price of solid wood home fitting articles is very expensive. So, reclaimed lumber offers a much more economical alternative for consumers looking to shift away from plywood. The trend is more noticeable in developed countries, where higher per capita incomes makes the shift away from plywood much more feasible.
High Cost of Production
Inspite of their growing popularity, reclaimed lumber products face a number of challenges in production. The most important challenge is to source good quality used wood. Far too often, most wood is rotten and contaminated with bacteria and fungi. Sourcing high quality of old wood is a difficult and time consuming process, which adds to the production cost.
The production of reclaimed lumber articles requires the usage of skilled tradesmen who are adept at identifying and processing wood. Since this is a niche skill, many industries are facing labor shortages and wages in the sector are relatively higher compared to other trades. The higher cost of production translates to higher products for finished products and ultimately limits the reach of the global market.
The global reclaimed lumber market is segmented based on source, application, end-user and region.
Consumers Mainly Prefer Flooring Made From Reclaimed Lumber
Out of all applications, flooring made from reclaimed lumber remains the most popular with consumers. It also offers certain advantages for manufacturers as well, since flooring has a smaller form factor, making it relatively easy to manufacture. In fact, the first product offering of new entrants in the market is flooring. Many established wooden home furnishing manufacturers are gradually switching towards using reclaimed lumber, since it is less energy intensive to manufacture.
Even though flooring is the most popular application for reclaimed lumber, there is also a sizeable market demand for paneling and siding. But due to its relatively higher price, it is relegated among upper middle class consumers. Many reclaimed lumber companies are also increasingly developing their own lines of wooden furniture, such as tables and chairs.
New Government Initiatives Will Propel Market Growth in North America
The reclaimed lumber industry has taken off in North America, as the region has a much larger concentration of high-income consumers. Furthermore, wood remains an essential material for architectural design in North America, given the harsh cold climate in large parts of the region. Despite growing consumer interest, it is government support that is really propelling the industry forward.
The U.S. Forest Service has published a large amount of free knowledge resources on its website to aid consumers in making an informed choice about purchasing reclaimed lumber articles. Similarly, some government agencies have also rolled out financial aids for companies manufacturing reclaimed lumber. A recent instance of this is U.S. environmental protection agency making a capital investment of US$ 4 million in November 2023, in the reclaimed lumber industry of Seattle in western U.S.
The pandemic created very tough times for the reclaimed lumber industry. Many producers had to temporarily halt operations as sourcing lumber became difficult due to lockdowns and other movement restrictions. Many labor-intensive reclaimed lumber companies had to suspend operations due to labor shortages. Some smaller companies were forced into bankruptcy due to difficult economic situation created by the pandemic.
Even in the aftermath of the pandemic, many of the small player in the market struggled to raise their business. However, with a noticeable global shift towards sustainability, demand for reclaimed lumber is once again swinging upwards. It is expected that the manufacturing of reclaimed lumber will become more popular in emerging countries as well.
Even before the war in Ukraine, Russia's reclaimed lumber industry was struggling. Given the large area that is under forest cover, lumber is widely and cheaply available. Reclaimed lumber is especially expensive due to bureaucratic regulations and corruption. Illegal logging and smuggling of lumber further complicates the full-fledged development of a local reclaimed lumber industry.
With most western countries imposing tough economic sanctions on Russia, most western technology companies which were engaged in developing the local sector left the country. Without western investment, the Russian reclaimed lumber industry is likely to stagnate over the coming years.
The major global players in the market include Longleaf Lumber Inc., Jarmak Corporation, Elmwood Reclaimed Timber, Recycling The Past, LLC, Altruwood, Vintage Timberworks Inc., Carpentier, Imondi Flooring, Olde Wood Limited and TerraMai.
The global reclaimed lumber market report would provide approximately 69 tables, 62 figures and 199 Pages.
Target Audience 2024
LIST NOT EXHAUSTIVE