Rotting away: A slowdown in housing starts will stymie industry growth

The Wood Panelling Manufacturing industry in Ontario has experienced strong growth over the past five years due to strong growth in housing markets in Ontario and across North America alongside rising prices of lumber, which is the main input into industry manufacturing processes. Overall, IBISWorld estimates industry revenue has risen over the five years to 2018. Over the next five years, growth is forecast to be slow considerably. Performance will be hindered by a forecast slowdown in domestic housing starts. Further, the rate of increase in US housing starts is forecast to be cut in half when compared with the previous reporting period, hindering demand from a key market, while an appreciating dollar will further constrain export more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Performance will be hindered by a forecast slowdown in domestic housing starts
  • Industry Report - Industry Locations Chapter

    There are over 550 establishments in the Wood Panelling Manufacturing industry across Canada, and just over 25.0% are located in Ontario. Notably, Ontario has a comparably lower share of national revenue, which would indicate that business locations in Ontario tend to be smaller than the national average. Industry products are used extensively in residential construction, so it is likely that a sizable number of industry facilities are located in major urban areas such as Toronto. Although in an effort to minimize transportation costs they would also seek to locate near sawmills, which are not necessarily located in urban areas and instead tend to be located close to their own fibre inputs. Onl...purchase to read more.

    Additional Insights for the Wood Panelling Manufacturing in Ontario Industry

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

  • Access to high-quality inputs
  • Supply contracts in place for key inputs
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Housing starts in Ontario and Demand from furniture and related product manufacturing in the Wood Panelling Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Wood Panelling Manufacturing in Ontario Industry?

    Industry operators manufacture veneer or plywood, engineered wood and reconstituted wood products, as well as a range of products such as fibreboard, particleboard and waferboard. This industry does not include companies that primarily engage in sawmilling or wood preservation, nor does it include companies that primarily produce dimension stock.

    Industry Products
  • Hardwood veneer products
  • Structural wood products
  • Particle board 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
  • Table of Contents

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

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Panelling Manufacturing in Ontario 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

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

  • Products & Services
  • Waferboard
  • Structural wood products
  • Particle board and fibreboard
  • Hardwood veneer products
  • Chart: Wood Panelling Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Residential construction
  • Remodelling and renovations
  • Nonresidential construction
  • Industrial and manufacturing
  • Chart: Major Market Segmentation for the Wood Panelling Manufacturing 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 Wood Panelling Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Norbord Inc., Weyerhaeuser Company, Arauco North America, Precision Veneer Products Ltd.,
  • Table: Norbord Inc. - financial performance
  • Table: Weyerhaeuser Company - financial performance
  • Table: Arauco North America - financial performance
  • Table: Precision Veneer Products Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Panelling Manufacturing 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 Wood Panelling Manufacturing in Ontario Industry
  • 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
    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 in different orientations and compressing them with resin
  • Veneer
  • Thinly sliced 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 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.

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    This report on Wood Panelling Manufacturing 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 Wood Panelling Manufacturing 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 Wood Panelling Manufacturing 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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