Product Code: ETC323664 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India engineered wood market import shipment experienced a significant decline with a CAGR of -10.7% from 2020 to 2024. The growth rate between 2023 and 2024 further plummeted by -30.2%, indicating a continued downward trend. The market has notably slowed, showing a lack of momentum and stability over the period.
The India engineered wood market is experiencing growth as the construction and interior design industries seek sustainable and cost-effective wood products. This market`s outlook is driven by factors such as the increasing demand for engineered wood in furniture, flooring, and building construction, the growth of the real estate and infrastructure sectors, and the adoption of engineered wood for its dimensional stability and eco-friendly attributes. Additionally, the development of advanced and high-performance engineered wood products and the rising focus on green building materials are further contributing to market growth.
The India engineered wood market is experiencing growth as the construction and interior design industries utilize these wood-based products for various applications. This market`s outlook is driven by factors such as the increasing demand for engineered wood in furniture, flooring, and construction, the growth of the real estate and infrastructure sectors, and the adoption of engineered wood for its sustainability and cost-effectiveness. Additionally, the need for eco-friendly and versatile wood products is contributing to market growth. Some of the key drivers for the India engineered wood market include the rising preference for engineered wood over natural timber due to its dimensional stability and resistance to warping, and the growing focus on green building materials.
The India engineered wood market is experiencing growth as the construction and interior design industries seek sustainable and cost-effective wood alternatives. This market`s outlook is driven by factors such as the increasing demand for engineered wood in furniture, flooring, and building construction, the growth of the real estate and interior design sectors, and the adoption of engineered wood for its dimensional stability and eco-friendly properties. Additionally, the development of innovative engineered wood products and the rising focus on forest conservation and sustainable forestry are further contributing to market growth. However, the market also faces challenges such as market competition from traditional solid wood products and fluctuations in raw material availability.
The India engineered wood market is experiencing growth as the construction and furniture industries adopt these wood products for their versatility and sustainability. This market`s outlook is driven by factors such as the increasing demand for engineered wood in interior design, furniture manufacturing, and architectural applications, the growth of the real estate and home improvement sectors, and the adoption of engineered wood for its structural stability and eco-friendly properties. Additionally, the development of innovative and engineered wood products and the rising focus on green building materials are further contributing to market growth. The COVID-19 pandemic had some impact on the market as changes in consumer behavior and construction activities affected demand for building materials. However, with the gradual recovery of the construction industry and the growing emphasis on sustainable and cost-effective construction practices, the market is expected to recover in the post-pandemic period.
The India engineered wood market is witnessing significant growth as the construction and furniture industries adopt these composite wood products. This market`s outlook is driven by factors such as the increasing demand for sustainable and eco-friendly building materials, the growth of the real estate and interior design sectors, and the adoption of engineered wood for its dimensional stability and versatility. Additionally, the development of innovative and high-performance engineered wood products and the rising focus on green building certifications are further contributing to market growth. Some of the key players in the India engineered wood market include WoodWorks Co., CompositeBoard Solutions, and GreenWood Industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Engineered Wood Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Engineered Wood Market Revenues & Volume, 2021 & 2031F |
3.3 India Engineered Wood Market - Industry Life Cycle |
3.4 India Engineered Wood Market - Porter's Five Forces |
3.5 India Engineered Wood Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Engineered Wood Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 India Engineered Wood Market Revenues & Volume Share, By End-User , 2021 & 2031F |
4 India Engineered Wood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly construction materials |
4.2.2 Growth in the real estate and construction sectors in India |
4.2.3 Advancements in technology leading to improved quality and variety of engineered wood products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of engineered wood |
4.3.2 Competition from alternative materials such as traditional wood and synthetic materials |
4.3.3 Lack of awareness and acceptance of engineered wood products in some segments of the market |
5 India Engineered Wood Market Trends |
6 India Engineered Wood Market, By Types |
6.1 India Engineered Wood Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Engineered Wood Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Engineered Wood Market Revenues & Volume, By I-Beams, 2021-2031F |
6.1.4 India Engineered Wood Market Revenues & Volume, By Plywood, 2021-2031F |
6.1.5 India Engineered Wood Market Revenues & Volume, By Laminated Veneer Lumber (LVL), 2021-2031F |
6.1.6 India Engineered Wood Market Revenues & Volume, By Glulam (Glued Laminated Timber), 2021-2031F |
6.1.7 India Engineered Wood Market Revenues & Volume, By Oriented Strand Boards (OSB), 2021-2031F |
6.1.8 India Engineered Wood Market Revenues & Volume, By Cross-Laminated Timber (CLT), 2021-2031F |
6.2 India Engineered Wood Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Engineered Wood Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 India Engineered Wood Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 India Engineered Wood Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.5 India Engineered Wood Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 India Engineered Wood Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Engineered Wood Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Engineered Wood Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 India Engineered Wood Market Revenues & Volume, By Commercial & Industrial, 2021-2031F |
7 India Engineered Wood Market Import-Export Trade Statistics |
7.1 India Engineered Wood Market Export to Major Countries |
7.2 India Engineered Wood Market Imports from Major Countries |
8 India Engineered Wood Market Key Performance Indicators |
8.1 Adoption rate of engineered wood products in new construction projects |
8.2 Number of new entrants or expansions in the engineered wood manufacturing industry |
8.3 Investment in research and development for enhancing the quality and applications of engineered wood products |
9 India Engineered Wood Market - Opportunity Assessment |
9.1 India Engineered Wood Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Engineered Wood Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 India Engineered Wood Market Opportunity Assessment, By End-User , 2021 & 2031F |
10 India Engineered Wood Market - Competitive Landscape |
10.1 India Engineered Wood Market Revenue Share, By Companies, 2024 |
10.2 India Engineered Wood Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |