Timber Services in the US
The Timber Services industry has benefited over the five years to 2019 from robust growth in the US housing market. As unemployment has fallen and mortgage rates have remained low, housing starts have surged. Strong growth in residential construction has offset weaknesses in some other markets, such as import-heavy wood product manufacturing industries and a paper manufacturing market that has been challenged by technological change. As growth in housing demand returns to historic norms over the five years to 2024, residential construction spending will be less able to offset weaknesses in other industry markets. Demand from paper manufacturers will continue to stagnate due to the increasing prevalence of electronic communication and media. Meanwhile, many wood product manufacturing industries will continue to experience rising import penetration, which will flow upstream to timber tract operators and temper industry growth. Nevertheless, construction will remain the largest downstream market for timber and its sustained expansion over the coming years is anticipated to contribute to industry growth.
The Timber Services industry manages timber tracts for the purpose of selling standing timber. A timber tract is a parcel of land used for growing timber for harvesting on a long rotation cycle (more than 10 years). The industry does not include Christmas trees, which are grown on short rotation cycles. This industry also does not include revenue from logging operations.
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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