Wood Product Manufacturing in the US
The Wood Product Manufacturing industry produces a diverse range of wood products. The construction sector is the industry's largest revenue source, so operators have benefited over the five years to 2018 from strong growth in housing starts. Consumer spending has also increased, lifting demand for household wood products. Although the industry's construction-related segments have experienced growing demand over the past five years, producers of wooden household goods have come against stronger competition from low-cost imports, which have grown to satisfy more than one-third of domestic demand. Additionally, these manufacturers have experienced competition from products made with substitute materials, such as plastic and metal. Industry sales are expected to grow at a slower rate over the next five years due to intense competition, despite expanding residential construction, falling unemployment and improving incomes.
This industry manufactures wood products not produced by sawmills or by manufacturers of veneer, engineered wood, millwork and mobile homes. Therefore, industry products are miscellaneous. They include wood ladders, cabinets, kitchenware, broom handles, kiln-dried lumber, reels and toothpicks.
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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