The Lumber Wholesaling industry in Canada purchases lumber, millwork and engineered wood products in bulk for distribution to downstream users such as construction contractors, home improvement stores and hardware stores. Products are primarily used for residential construction and renovation, though they are also frequently used in nonresidential renovation and furniture manufacturing. Over the past five years, domestic construction markets have grown, boosting industry performance, although they have been highly volatile. However, strong growth in US housing starts has helped operators that worked across the border, while continued domestic expenditure on household renovations has also been a boon to industry growth. Moving forward, IBISWorld forecasts new residential construction to grow, albeit at a slower rate. While renovation expenditure will remain steady and nonresidential construction is forecast to rise, housing starts will remain tepid.
This industry distributes a range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores and hardware stores. The industry does not include wholesalers that distribute roofing and siding materials that are not made out of wood, nor does it include establishments that distribute timber and timber products, such as logs and pulpwood.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.