Rift Sawn Lumber Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Status : Ongoing | Report Code : FACT648MR

Globally, the demand and sale of rift sawn lumber witnessed an extreme fall in the beginning of 2020 owing to the lockdown and other stringent regulations imposed by the government to ensure public safety due to the spread of Covid-19 pandemic. As the situation is getting normal again, the marketers are persistently trying to extend their global presence and market share. To overcome the previous losses, the manufacturers are undertaking strong R&Ds and technological advancements in 2021.

What are Leading Rift Sawn Lumber Manufacturers Doing?

Leading manufacturing corporations like Mohawk Industries, Shaw Industries Limited, Interface Corporation, TOLI Corporation, Stora Enso Corporation, Mayr Melnhof Holz Holdings AG, Binderholz Bausysteme GmbH, Nordic Structures, Sterling Lumber Company, Hasslacher Holding Gmbh, Treemetrics Corporation, Quantum Spatial Corporation, Milliken & Beaulieu International Corporation and Boral Limited are making investments in product innovations, technological upgradations as well as research and developments to maintain their unique presence across the globe. Some other tactics adopted by these corporations includes strategic alliances, tapping untapped markets, joint ventures, new plant establishment, mergers & acquisitions, product diversifications, collaborations, partnership agreements etc.

Koopers Corporation, Cabot Microelectronics and Troy Corporation are among the leading companies that are focusing on the development of modernized rift sawn with superior quality to create traction among the users globally.

The market for rift sawn lumber is currently dominated by China. At present, China is occupying one third of share in this market resulting in making Asia Pacific the global leader in this market. As per a recent report, China imported about 56 million m3 of rift sawn in 2019. It imported over 103 million m3 of rift sawn wood in 2020.

Rising popularity regarding wood-based construction is encouraging the demand leading to a rise in the progress of this market. North America stands at the second number in this market in terms of market share. Growing usage of rift sawn wood in residential as well as industrial sectors followed by high investments in infrastructural developments is creating immense demands in Canada and United States. It is predicted that Asia Pacific will grow at a steady CAGR rate and continue to rule the market through 2030.

Manufacturers of rift sawn lumber are focusing on developing quality and robust rift sawn lumber in a bid to ensure higher performance and resistance to heat and cold and overall weathering. However, they have been facing a major challenge in addressing the need of superior quality rift sawn lumber.

This prompted rift sawn lumber manufacturers to develop special rift sawn lumber to cater to the growing needs of clients for quality floorings. For instance, Virtu has developed rift sawn lumber white oak – the Virtu Special Rift. This type of rift sawn lumber features is susceptible to gapping and checking. Color uniformity and grain linearity of rift sawn lumber white oak facilitates superior quality and elegance, best suited for the flooring sector in residential and commercial buildings.

The rift sawn lumber market is likely to remain impacted by the on-going trade war between United States and China. Albeit at a lower level, the imports and exports of overall lumber have been negatively impacted and rift sawn lumber is no exception. According to the latest news by Trump Administration, the cost of rift sawn lumber will further increase owing to high tariffs, which is more likely to impact the residential construction in the country.

With the focus on changing economic scenario, growth of wood manufacturing and furniture industries, circular economy initiatives in furniture sector and evolving forestry legislation, the report forecasts growth of global rift sawn lumber market between the period 2021-2031. Based on this, the report delivers the most comprehensive insights of the market that are important to understand in making business decisions.

Rift Sawn Lumber: Cost-Intensive Though Sturdy

Sawmill usually produces mainly three types of lumbers namely plain sawn, quarter sawn, and rift sawn. Some lumber types might overlap different sawn types. Among these types, rift sawing process is the most time consuming and wasteful, making the lumber cost-intensive. However, rift sawn lumbers have straight and fleck-free grains making the wood attractive for luxury homemakers that prefer custom furniture construction with a modern yet attractive design. In addition, rift sawn lumber are also used in manufacturing of musical instruments, decorative panels, and flooring. 

Consistent Rise of the Luxury Real Estate Increasing Adoption

According to the U.S. Census Bureau and the Department of Housing and Urban Development, the numbers of new residential construction has increased steadily in past decade in the United States. Similarly, construction and engineering sector is steadily growing across the globe. With the increased investments in the real estate, luxury real estate sector is witnessing consistent demand. Rift sawn lumber, in particular, white oak rifts are preferred furniture wood in the luxury home furniture and flooring.

Rift Sawn lumbers of the white oak are famous for their aesthetics, resistance to decay, and stability. Due to a uniform grain appearance, rift white oak is primarily used for manufacturing furniture products such as moldings, stairs, floorings, and exteriors. In the dressing rooms and kitchen of luxury residence and constructions like a library, furniture is usually embellished with white oak rifts. Although sought after by limited end-users, the global market for rift sawn lumber is foreseen to remain steady. And the adoption of rift sawn lumber made from oak is likely to remain steady in the luxury real estate sector.

Steady Growth of the Furniture Sector to Fuel Demand

According to the UN Industrial Development Organization, globally, the manufacturers of wood products grew by 3.7% while the furniture manufacturing grew by 4% in 2017. This data represents rapidly rising economy and emerging markets and their impact on the steady growth of the furniture sector.

The organization also reports gradual shift of the wood products demand from industrialized countries to developing countries. Urbanization and industrialization in the developing countries have led to their economic growth. Moreover, the world production of office furniture has increased significantly, particularly in Asia Pacific region, followed by North America and Europe.

Gradually shifting global economic scenario and increased disposable income have enabled more consumers to seek personalization and customization. As rift sawn lumbers are specifically preferred for customized furniture, with the increased purchase power, demand for rift sawn lumber is projected to remain steady during the forecast period.

Development of Engineered Wood Barricading Adoption

Engineered wood is manufactured by compressing wood or wood pieces, held by adhesives and covered in veneer or laminate. Compared to original hardwood products, engineered wood products are cost-effective, long lasting, as well as resistant to scratches and dents.

Further, due to their affordable and durable nature, engineered plywood is gradually dominating the furniture sector. In addition, rising importance of green building construction and circular economy in the furniture sector, engineered wood is considered the most environmentally sustainable option.

Stated facts are thoroughly discussed in the report, providing an in-depth industry outlook which can assist the financial community in making business decisions.

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

  • Market Dynamics
  • Market Size
  • Market Segments
  • Demand & Supply Trends
  • Current Issues and Challenges
  • Companies and Competitor Landscape
  • Value Chain
  • Technology

Regional Segments Analyzed Include

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

  • Elaborated scenario of the parent market
  • Transformations in the market dynamics
  • Detailed segmentation of the target market
  • Historical, current and forecast market size based on value and volume
  • Latest industry developments and trends
  • Competition landscape
  • Strategies adopted by the market players and product developments made
  • Potential and niche segments, along with their regional analysis
  • Unbiased analysis on performance of the market
  • Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Rift Sawn Lumber Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031