Hard wood: Strong housing markets will drive industry revenue

The Sawmills and Wood Production industry in Ontario produces a range of wood products, primarily lumber, with the majority of production destined for residential construction markets. The industry has performed well over the past five years due to strong performance in housing markets. It has also benefited from a lack of disturbance to the upstream Ontarian wood supply from the mountain pine beetle infestation. Over the past five years, revenue has been driven by strong housing markets. Booming US construction markets have also been beneficial. Over the five years to 2023, industry growth is forecast to be slower. Ontario housing starts are forecast to fall slightly, and growth in housing starts domestically and in the United States is forecast to be slower than the previous period...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
14.1%
Forecast Growth 18-23
Profit
Employment
4,934
Businesses
244

Industry Threats & Opportunities

  • The industry has performed well due to strong performance in housing markets
  • Additional Insights for the Sawmills & Wood Production in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sawmills & Wood Production in Ontario Industry are

  • Access to timberland and timber inputs
  • Upstream vertical integration
  • Prompt deliver to market
  • IBISWorld analysts also discuss how external factors such as US dollar exchange rate and Housing starts in Ontario in the Sawmills & Wood Production in Ontario industry impact industry performance..

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    What's in this report

    What is the Sawmills & Wood Production in Ontario Industry?

    This industry manufactures a range of wood products, including boards; rough, dressed or dimension lumber; fuelwood; timber; poles; and ties, from logs and bolts. The industry also includes establishments that preserve wood.

    Industry Products
  • Softwood lumber products
  • Wood chips
  • Preserved wood products
  • Hardwood lumber products
  • Industry Activities
  • Sawing and planing hardwood logs
  • Sawing and planing softwood logs
  • Preserving or treating lumber with chemicals and resins
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • US dollar exchange rate
  • Housing starts in Ontario
  • Residential renovation expenditure
  • Value of nonresidential construction in Ontario

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sawmills & Wood Production in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wood Panelling Manufacturing in Canada
  • Millwork in Canada
  • Lumber Wholesaling in Canada
  • Wood Pulp Mills in Canada

  • Key Selling Industries
  • Logging in Canada
  • Organic Chemical Manufacturing in Canada
  • Plastic & Resin Manufacturing in Canada

  • Products & Services
  • Softwood lumber products
  • Wood chips
  • Preserved wood products
  • Hardwood lumber products
  • Other
  • Chart: Sawmills & Wood Production in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Lumber wholesalers
  • Wood panelling
  • Wood pulp mills
  • Millwork
  • Chart: Major Market Segmentation for the Sawmills & Wood Production in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Sawmills & Wood Production in Ontario

  • Basis of Competition
    Barriers to Entry
    Eacom Timber Corporation, Rayonier Advanced Materials Inc., Resolute Forest Products Inc., White River Forest Products LP,
  • Table: Eacom Timber Corporation - financial performance
  • Table: Rayonier Advanced Materials Inc. - financial performance
  • Table: Resolute Forest Products Inc. - financial performance
  • Table: White River Forest Products LP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sawmills & Wood Production in Ontario 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 Sawmills & Wood Production in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts In Ontario (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Softwood Lumber
  • The primary type of lumber produced by this industry. Softwood lumber includes pine, spruce, fir and other coniferous trees.
  • Stumpage
  • The fee associated with timber tenures. They vary by province and the value of the given tract of forestland.
  • Timber Tenure
  • A licence granted by provinces that allow certain tracts of timberland to be harvested over a given length of time.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sawmills & Wood Production in Ontario 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 Sawmills & Wood Production in Ontario:
    • 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 Sawmills & Wood Production in Ontario 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 Sawmills & Wood Production in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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