Global Reclaimed Lumber Market Insights
The global reclaimed lumber market is estimated to witness a moderate CAGR during the forecast period. Reclaimed lumber is milled wood that has been recovered from its initial installation for reuse in a new application. Growth in construction industry is expected to drive the demand for reclaimed lumber in the market.Majority of the demolition contractors recover salvaged wood from old construction, owing to the increasing product demand. Growing awareness regarding the environment coupled with degrading quality of new lumber as compared to well-preserved old wooden structures is also likely to boost the product demand. The industry has registered a notable change from the reclamation of salvaged wood with little or no flaws to the recovery of higher-value applications, including doors, wall panels, and fences to increase the recovery value percentage.
The increasing usage of salvaged wood in cross-laminated timber products is expected to further drive the market. Increasing use of wood in residential building construction to reduce the carbon footprint is expected to boost the product demand. High labor cost associated with deconstruction activities is expected to lead to a rise in the product price of reclaimed wood.
Reclaimed Lumber Market: Application Insights
The global reclaimed lumber market can be segmented on the basis of application into beams & boards, flooring, paneling & siding, furniture. The production of customized furniture, including tabletops, chairs, shelves, and cabinets, is expected to propel the growth. Re-milled beams and timbers are generally used in structural applications. The demand for reclaimed lumber for the construction of beams is expected to exhibit a significant demand from residential structures. Other applications of reclaimed lumber include small item manufacturing and architectural millwork.
Reclaimed Lumber Market: End-Use Insights
The global reclaimed lumber market can be segmented on the basis of end-use into residential, commercial, and industrial. Residential applications of reclaimed lumber is expected to hold the largest market share and are expected to grow significantly over the forecast period. Reclaimed lumber is used in various applications such as framing, casework, paneling, flooring, and interior components. The commercial sector is driven by high demand from the hotel, restaurants, and cafeteria sector. Industrial sector is expected to witness a moderate growth over the forecast period, industrial applications includes custom-made doors and windows, roof trusses, flat trusses, box beams and among others.
Reclaimed Lumber Market: Regional Insights
North America is expected to register steady growth during the forecast period. . U.S. leads the market in North America market, owing to the surge in demand from the commercial sector including retail, hospitality, and offices for custom furniture and interior decoration applications. The product gained considerable momentum in China, owing to the incorporation of highly efficient building methods, better energy-efficiency and seismic performance. Germany is expected to be the largest consumer in European region and will maintain its dominance over the forecast period. Product demand for cross-laminated timber owing to superior characteristics like low moisture content and high density and strength is anticipated to propel market growth.
Reclaimed Lumber Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Reclaimed Lumber Market: End-User Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or likely to purchase Reclaimed Lumbersuch asBlumer-Lehmann AG, Promstroyles, Sekisui House, L&T, IKEA, and GMR Group among others.
Reclaimed Lumber Market Share & Competitor Analysis
Some of the key players operating in the reclaimed lumber market are, Longleaf Lumber, Inc., Vintage Timberworks, Inc., Atlantic Reclaimed Lumber, Inc.,Carpentier Hardwood Solutions NV, Imondi Flooring, TerraMai, Jarmak Corporation, Elemental Republics, Elmwood Reclaimed Timber, Olde Wood Ltd., and Trestlewood among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global reclaimed lumber market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the reclaimed lumber market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.