Chopped wood: Demand for industry products is expanding in line with the recovering housing sector

Over the five years to 2017, industry revenue is expected to grow, likely due in part to notably strong growth in Canadian housing starts. Over the five years to 2022, industry revenue is projected to increase at a slower rate. Demand from Canadian construction markets is expected to be far lower than in previous years, as rising interest rates and overbuilding in recent years will cool domestic residential construction markets. To counteract tepid domestic demand and drive growth, continued construction growth in the United States, the industry's largest market, will mean continued growth in demand for industry more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Strong growth in the North American housing market has supported strong industry growth
  • The United States is the industry’s primary export destination
  • The industry is expected to continue recovering from its recessionary low
  • Industry Report - Industry Analysis Chapter

    The Wood Panelling Manufacturing industry in Canada produces a range of composite wood products primarily composed of wood fibres, resin and wax. Industry products include veneer, plywood, trusses, I-joists, oriented strand board (OSB) and particleboard; they differ from lumber in that they are processed with these materials rather than being sized and cut straight from logs. Wood panels can have several advantages over more traditional lumber, most notably structure and cost. Wood panels that are made up of a composite of wood pieces and resin have a much more uniform structure than lumber and, therefore, are less subject to warping or shrinking than raw wood. Fur...purchase to read more.

    Additional Insights for the Wood Panelling Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Panelling Manufacturing Industry are

  • Control of distribution arrangements
  • Economies of scale
  • Ability to adapt scale of production
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Value of residential construction in the Wood Panelling Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wood Panelling Manufacturing Industry?

    The industry manufactures veneer or plywood, engineered wood or reconstituted wood products. The industry does not include companies that primarily engage in sawmilling or wood preservation, nor does it include companies that primarily produce dimensions stock.

    Industry Products
  • Hardwood veneer and plywood
  • Softwood veneer and plywood
  • Structural wood products
  • Particleboard and fibreboard
  • Waferboard
  • Industry Activities
  • Plywood
  • Reconstituted wood products (including sheets and boards)
  • Plastic-faced plywood
  • Oriented strand board (OSB)
  • Medium-density fibreboard (MDF)
  • Laminated structural wood members
  • Fabricated structural wood members
  • Particleboard
  • Roof trusses
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Value of residential construction
  • Value of nonresidential construction
  • Housing starts
  • Demand from furniture and related product manufacturing

  • Current Performance
  • Demand conditions and ties to the United States
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed construction markets
  • Trade conditions
  • Table: Wood Panelling Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Panelling Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Apartment & Condominium Construction in Canada
  • Cabinet & Vanity Manufacturing in Canada
  • Household Furniture Manufacturing in Canada
  • Roofing, Siding & Insulation Wholesaling in Canada
  • Remodelling in Canada

  • Key Selling Industries
  • Plastic & Resin Manufacturing in Canada
  • Sawmills & Wood Production in Canada

  • Products & Services
  • Waferboard
  • Structural wood products
  • Softwood veneer and plywood
  • Particleboard and fibreboard
  • Hardwood veneer and plywood
  • Chart: Wood Panelling Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • New residential construction
  • Commercial construction
  • Residential renovation
  • Furniture production
  • Chart: Major Market Segmentation for the Wood Panelling Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Wood Panelling Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Panelling Manufacturing Industry

  • Industry Globalization
    Norbord Inc., Louisiana-Pacific Corporation, Weyerhaeuser Company, West Fraser Timber Co.,
  • Table: Norbord Inc. - financial performance
  • Table: Louisiana-Pacific Corporation - financial performance
  • Table: Weyerhaeuser Company - financial performance
  • Table: West Fraser Timber Co. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Panelling Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wood Panelling Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Medium-Density Fibreboard (Mdf)
  • A product made by gluing together slices of wood at right angles against their grain to increase strength and uniformity.
  • Oriented Strand Board (Osb)
  • A product made by layering strands or flakes of wood across various orientations and compressing them with resin.
  • Veneer
  • Thinly slices pieces of wood that are glued to plywood, fibreboard and particleboard panels.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wood Panelling Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Panelling Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Panelling Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Panelling Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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