North America Laminated Veneer Lumber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America laminated veneer lumber market size reached 2.2 Million Cubic Meters in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Cubic Meters by 2028, exhibiting a growth rate (CAGR) of 1.95% during 2023-2028.
Laminated veneer lumber (LVL), also known as engineered lumber, stands for a layered composite of thin wooden panels fabricated together by adhesives. Cross-banded laminated veneer lumber and laminated strand lumber are the two distinctive types of LVL. Laminated veneer lumber is cost-effective, sustainable, strong, lightweight, uniform and has high structural reliability as compared to milled lumber. Owing to this, it is utilized for various structural purposes in wooden houses, industrial warehouses, public buildings and large prefabricated buildings.
North America represents one of the largest markets for laminated veneer lumber pertaining to the escalating demand from new residential housing projects in the region. Apart from this, increasing renovation activities together with the blooming furniture manufacturing sector have fueled the demand of LVL. Rising environmental concerns and government legislation towards the illegal trade of timber will continue to spur the market in the forthcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America laminated veneer lumber market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on application and sector.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Application
Residential
Commercial
Market by Sector
New Construction
Replacement
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America laminated veneer lumber market performed so far and how will it perform in the coming years?
What are the key regions in the North America laminated veneer lumber market?
What has been the impact of COVID-19 on the North America laminated veneer lumber market?
What is the breakup of the North America laminated veneer lumber market on the basis of application?
What is the breakup of the North America laminated veneer lumber market on the basis of sector?
What are the various stages in the value chain of the North America laminated veneer lumber industry?
What are the key driving factors and challenges in the North America laminated veneer lumber industry?
What is the structure of the North America laminated veneer lumber industry and who are the key players?
What is the degree of competition in the North America laminated veneer lumber industry?
What are the profit margins in the North America laminated veneer lumber industry?
The North America laminated veneer lumber market size reached 2.2 Million Cubic Meters in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Cubic Meters by 2028, exhibiting a growth rate (CAGR) of 1.95% during 2023-2028.
Laminated veneer lumber (LVL), also known as engineered lumber, stands for a layered composite of thin wooden panels fabricated together by adhesives. Cross-banded laminated veneer lumber and laminated strand lumber are the two distinctive types of LVL. Laminated veneer lumber is cost-effective, sustainable, strong, lightweight, uniform and has high structural reliability as compared to milled lumber. Owing to this, it is utilized for various structural purposes in wooden houses, industrial warehouses, public buildings and large prefabricated buildings.
North America represents one of the largest markets for laminated veneer lumber pertaining to the escalating demand from new residential housing projects in the region. Apart from this, increasing renovation activities together with the blooming furniture manufacturing sector have fueled the demand of LVL. Rising environmental concerns and government legislation towards the illegal trade of timber will continue to spur the market in the forthcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America laminated veneer lumber market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on application and sector.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Application
Residential
Commercial
Market by Sector
New Construction
Replacement
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America laminated veneer lumber market performed so far and how will it perform in the coming years?
What are the key regions in the North America laminated veneer lumber market?
What has been the impact of COVID-19 on the North America laminated veneer lumber market?
What is the breakup of the North America laminated veneer lumber market on the basis of application?
What is the breakup of the North America laminated veneer lumber market on the basis of sector?
What are the various stages in the value chain of the North America laminated veneer lumber industry?
What are the key driving factors and challenges in the North America laminated veneer lumber industry?
What is the structure of the North America laminated veneer lumber industry and who are the key players?
What is the degree of competition in the North America laminated veneer lumber industry?
What are the profit margins in the North America laminated veneer lumber industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL LAMINATED VENEER LUMBER MARKET
5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Sector
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA LAMINATED VENEER LUMBER MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA LAMINATED VENEER LUMBER MARKET: BREAKUP BY APPLICATION
7.1Residential
7.2Commercial
8 NORTH AMERICA LAMINATED VENEER LUMBER MARKET: BREAKUP BY SECTOR
8.1New Construction
8.2Replacement
9 NORTH AMERICA LAMINATED VENEER LUMBER MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Application
9.1.3Market Breakup by Sector
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Application
9.2.3Market Breakup by Sector
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Forest Owners
11.3Sawmills
11.4LVL Manufacturers
11.5Distributors and Retailers
11.6Exporters
11.7End-Users
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL LAMINATED VENEER LUMBER MARKET
5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Sector
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA LAMINATED VENEER LUMBER MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA LAMINATED VENEER LUMBER MARKET: BREAKUP BY APPLICATION
7.1Residential
7.2Commercial
8 NORTH AMERICA LAMINATED VENEER LUMBER MARKET: BREAKUP BY SECTOR
8.1New Construction
8.2Replacement
9 NORTH AMERICA LAMINATED VENEER LUMBER MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Application
9.1.3Market Breakup by Sector
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Application
9.2.3Market Breakup by Sector
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Forest Owners
11.3Sawmills
11.4LVL Manufacturers
11.5Distributors and Retailers
11.6Exporters
11.7End-Users
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
LIST OF TABLES
Table 1: North America: Laminated Veneer Lumber Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Laminated Veneer Lumber Market Forecast: Breakup by Application (in ‘000 Cubic Meters), 2023-2028
Table 3: North America: Laminated Veneer Lumber Market Forecast: Breakup by Sector (in ‘000 Cubic Meters), 2023-2028
Table 4: North America: Laminated Veneer Lumber Market Forecast: Breakup by Country (in ‘000 Cubic Meters), 2023-2028
Table 5: North America: Laminated Veneer Lumber Market: Competitive Structure
Table 6: North America: Laminated Veneer Lumber Market: Key Players
Table 1: North America: Laminated Veneer Lumber Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Laminated Veneer Lumber Market Forecast: Breakup by Application (in ‘000 Cubic Meters), 2023-2028
Table 3: North America: Laminated Veneer Lumber Market Forecast: Breakup by Sector (in ‘000 Cubic Meters), 2023-2028
Table 4: North America: Laminated Veneer Lumber Market Forecast: Breakup by Country (in ‘000 Cubic Meters), 2023-2028
Table 5: North America: Laminated Veneer Lumber Market: Competitive Structure
Table 6: North America: Laminated Veneer Lumber Market: Key Players
LIST OF FIGURES
Figure 1: North America: Laminated Veneer Lumber Market: Major Drivers and Challenges
Figure 2: Global: Laminated Veneer Lumber Market: Volume Trends (in Million Cubic Meters), 2017-2022
Figure 3: Global: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 4: Global: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 5: Global: Laminated Veneer Lumber Market: Breakup by Region (in %), 2022
Figure 6: Global: Laminated Veneer Lumber Market Forecast: Volume Trends (in Million Cubic Meters), 2023-2028
Figure 7: North America: Laminated Veneer Lumber Market: Volume Trends (in Million Cubic Meters), 2017-2022
Figure 8: North America: Laminated Veneer Lumber Market Forecast: Volume Trends (in Million Cubic Meters), 2023-2028
Figure 9: North America: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 10: North America: Laminated Veneer Lumber (Residential) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 11: North America: Laminated Veneer Lumber (Residential) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 12: North America: Laminated Veneer Lumber (Commercial) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 13: North America: Laminated Veneer Lumber (Commercial) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 14: North America: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 15: North America: Laminated Veneer Lumber (New Construction) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 16: North America: Laminated Veneer Lumber (New Construction) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 17: North America: Laminated Veneer Lumber (Replacement) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 18: North America: Laminated Veneer Lumber (Replacement) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 19: North America: Laminated Veneer Lumber Market: Breakup by Country (in %), 2022
Figure 20: United States: Laminated Veneer Lumber Market: Volume Trends (in ‘000 Cubic Meters), 2017-2022
Figure 21: United States: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 22: United States: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 23: United States: Laminated Veneer Lumber Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 24: Canada: Laminated Veneer Lumber Market: Volume Trends (in ‘000 Cubic Meters), 2017-2022
Figure 25: Canada: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 26: Canada: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 27: Canada: Laminated Veneer Lumber Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 28: North America: Laminated Veneer Lumber Industry: SWOT Analysis
Figure 29: North America: Laminated Veneer Lumber Industry: Value Chain Analysis
Figure 30: North America: Laminated Veneer Lumber Industry: Porter’s Five Forces Analysis
Figure 1: North America: Laminated Veneer Lumber Market: Major Drivers and Challenges
Figure 2: Global: Laminated Veneer Lumber Market: Volume Trends (in Million Cubic Meters), 2017-2022
Figure 3: Global: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 4: Global: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 5: Global: Laminated Veneer Lumber Market: Breakup by Region (in %), 2022
Figure 6: Global: Laminated Veneer Lumber Market Forecast: Volume Trends (in Million Cubic Meters), 2023-2028
Figure 7: North America: Laminated Veneer Lumber Market: Volume Trends (in Million Cubic Meters), 2017-2022
Figure 8: North America: Laminated Veneer Lumber Market Forecast: Volume Trends (in Million Cubic Meters), 2023-2028
Figure 9: North America: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 10: North America: Laminated Veneer Lumber (Residential) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 11: North America: Laminated Veneer Lumber (Residential) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 12: North America: Laminated Veneer Lumber (Commercial) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 13: North America: Laminated Veneer Lumber (Commercial) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 14: North America: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 15: North America: Laminated Veneer Lumber (New Construction) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 16: North America: Laminated Veneer Lumber (New Construction) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 17: North America: Laminated Veneer Lumber (Replacement) Market: Volume Trends (in ‘000 Cubic Meters), 2017 & 2022
Figure 18: North America: Laminated Veneer Lumber (Replacement) Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 19: North America: Laminated Veneer Lumber Market: Breakup by Country (in %), 2022
Figure 20: United States: Laminated Veneer Lumber Market: Volume Trends (in ‘000 Cubic Meters), 2017-2022
Figure 21: United States: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 22: United States: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 23: United States: Laminated Veneer Lumber Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 24: Canada: Laminated Veneer Lumber Market: Volume Trends (in ‘000 Cubic Meters), 2017-2022
Figure 25: Canada: Laminated Veneer Lumber Market: Breakup by Application (in %), 2022
Figure 26: Canada: Laminated Veneer Lumber Market: Breakup by Sector (in %), 2022
Figure 27: Canada: Laminated Veneer Lumber Market Forecast: Volume Trends (in ‘000 Cubic Meters), 2023-2028
Figure 28: North America: Laminated Veneer Lumber Industry: SWOT Analysis
Figure 29: North America: Laminated Veneer Lumber Industry: Value Chain Analysis
Figure 30: North America: Laminated Veneer Lumber Industry: Porter’s Five Forces Analysis
