Wood House Frame Market Forecast and CAGR
According to the latest report by Fact.MR, wood house frame demand is projected to show a decent growth over the forecast period (2021-2031). Steady growth in demand and sales for wood house frames seems to provide a positive outlook to the industry. Moreover, constant demand from construction and housing industry is projected to drive the growth for wood frame.
What is Driving Demand for Wood House Frame?
Housing and the construction industry has been identified as the major driver for the growth of demand. Housing industry continue to be a gainful market for wood frame manufacturers.
Wood house frame sales may get hindered due to the presence of prominent substitutes such as cements and steels. Moreover, the product has not been able to gain popularity in countries like China and India due to presence of alternative construction materials. Manufacturers need to get insights about the specific needs of consumers in these regions to drive its consumption growth.
However, with increase in demand for strong and durable wood frames from the residential sector coupled with increased spending in the aesthetic appearance of the houses is projected to bolster the demand for wood house frames.
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Wood House Construction: Talk of the Town
Wood house construction activities over the projected forecast period (2021-2031) is expected to show a decent growth attributed to the investments in real estate coupled with growing disposable income around the world. Additionally, negative impact of CO2 emissions with the production of cements have shifted the consumer focus towards the use of wood houses. For instance, cement industry is one of the two largest CO2 producing sector.
Moreover, favorable government policies in mitigating carbon emissions has encouraged construction of wood houses giving the wood house frame industry the required push in the market.
US and Canada Wood House Frame Market Outlook
U.S accounts for majority of the sales share in the wood frame sales owing to high disposable income in the region coupled with well-established manufacturing players. Additionally, increase in demand for the construction of single-family units has added to the surge in the growth of wood frames.
For instance, 93% of new homes constructed in 2018 in the U.S were wood framed according to the National Association of Home Builders. Furthermore, these affirmative outlooks have provided the required space for the growth of demand in the region.
Canada on the other hand has seen a bumpy ride over the past half-decade attributed to the concerns such as affordability, price acceleration, overbuilding and household debts. However, the future demand in the region seems bright owing to abundance of wood, low cost of construction and faster supply chain systems.
U.S and Canada demand is projected to grow with a higher single digit CAGR during the forecast period providing additional push to the global wood house frame industry.
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Europe Demand Outlook for Wood House Frame
In the past half-decade construction and housing industry has seen a significant growth in the region owing to the increase investment in the residential sector. For instance according to a survey, 60% of the respondents found out to be investing in residential construction such as private rented residential, student and social housing, co-living etc.
Moreover, y-o-y growth for housing and construction industry in Europe has been decent over the past half-decade. Additionally, new-residential and residential remodelling are among major housing and construction activities driving the growth for European region.
Aforementioned factors coupled with high investments in the housing and construction activities is projected to propel the growth for wood frame sales in the region
Who are the Key Manufacturers and Suppliers of Wood House Frames?
Some of the leading manufacturers and suppliers of wood house frames include
- Canadian Timber Frames
- Texas Timber Frame
- Purcell Timber Frames Homes
- British Colombia Timber Frames Co.
- WIGO GROUP
- Low Field Timber Frames
- Taylor Lane Timber Frame Limited
The aforementioned players are mainly relying on inorganic growth strategies such as acquisitions and collaborations to expand their overall production share. Other than these the wood house frame market is a highly consolidated with big enterprises holding the majority of the global share
An Adaptive Approach to Modern-day Research Needs
Wood House Frame Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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
- Common Truss
- King Post Truss
- Hammer beam Truss
- Scissor Truss
- Personal Space
- Commercial Space
By Wood Type
- Light structural lumber
- Heavy timber
- Finger-jointed lumber
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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