Sawmills & Wood Production in the US
The Sawmills and Wood Production industry has profited from a booming housing market over the five years to 2019. Operators in the Sawmills and Wood Production industry manufacture lumber, boards, beams and other wood products. Industry performance relies heavily on sales to the residential and nonresidential construction markets. Over the five years to 2024, revenue is forecast to continue to rise. As interest rates are expected to inch up over the next five years, new developments and construction projects will become less affordable, slowing demand for industry products. However, forecasts of continued low unemployment and lower tax rates for corporations will translate to projected growth in housing starts and nonresidential construction projects over the next five years.
Companies in this industry primarily saw dimension lumber, boards, beams, bolts, poles, shingles, siding and wood chips from logs. Industry operators also chemically treat lumber to preserve and protect it from fire, moisture, mold and insects. This industry excludes establishments that plane purchased lumber and manufacture shapes, veneer and engineered lumber products and cut and transport timber.
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.
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