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          1. Wood Product Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/22/2020
            SIC Codes: 2421, 2426, 2429, 2431, 2435, 2436, 2439, 2441, 2452, 2491, 2493, 2499
            NAICS Codes: 321
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Wood Product Manufacturing Industry Profile

            Companies in this industry manufacture dimensional lumber; veneers, plywood, engineered wood members, or reconstituted wood products; wood windows and doors, wood flooring, or other millwork; wood containers; pallets; prefabricated wood buildings; or manufactured homes. Major companies include Andersen, Cavco, and Weyerhaeuser (all based in the US), as well as Sekisui House (Japan), Stora Enso (Finland), Svenska Cellulosa (Sweden), and West Fraser Timber (Canada).

            The global forest products industry, which includes wood product manufacturing, was projected to reach a value of more than $1 trillion in 2018, with growth of more than 5% per year, according to MarketLine. Top global producers of timber and manufactured wood products include Brazil, Canada, China, India, and the US.

            The US wood product manufacturing industry includes about 14,000 companies with combined annual revenue of about $100 billion.

            COMPETITIVE LANDSCAPE

            Demand is closely tied to the level of home construction. The profitability of individual companies depends on efficient operations, because many products are commodities. Large companies enjoy economies of scale in purchasing. Small companies can often compete successfully by focusing on a local market.

            Overall, the US industry is fragmented: the top 50 companies account for about 35% of industry revenue. However, some segments of the industry are concentrated, including plywood and veneers, wood windows and doors, and manufactured housing.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Major products include lumber (30% of industry revenue); wood windows, doors, flooring, and other millwork (25%); plywood, veneers, ...

             
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