A sawmill is a machine that is used to cut logs in lumber. The equipment is extensively used for cutting the logs into shamble. Today, modern sawmills are inbuilt with a motorized saw to cut logs crosswise to length based on custom or sizes, and to cut logs lengthwise to make long pieces. An advanced sawmill requires a power supply and finishes cutting effectively within a lesser time. Growing demand for advanced machinery to increase productivity and efficiency without decreasing the quality or safety is likely to propel market progress. Change in consumer preference and increased inclination toward wooden products in the general population is also anticipated to accelerate market performance. Further, several governments are focused on the improvement of the forest sector and forest-related products. Huge usage of wood in manufacturing numerous products such as doors, furniture, home decor, and others is estimated to show a lucrative opportunity for the growth of the market. In addition, a higher standard of living and high demand for the woods in construction, and interior design coupled with packing and sector is estimated to boost industry growth in the upcoming years.

As per Business Research Insights, the market size of the Sawmill was USD 221.25 billion in 2022, the market is projected to touch USD 416.08 billion by 2028, exhibiting a CAGR of 11.1% during the forecast period.

COVID-19 Outlook: Ban on Transportation and Closure of Construction Sector to Obstruct Market Growth

The sudden outbreak of the COVID-19 pandemic restricted movement and ban on transportation which resulted in the market growth’s downfall. Lockdown restrictions affected market growth due to the shutdown of construction sectors across the globe and the unavailability of workers due to health safety. The lower rate of production activities and closure of manufacturing units minimized market progress.

Below is the list of the top 7 market players who are also recorded as pioneers in their respective fields:

1. West Fraser

West Fraser was founded in 1955 and is situated in Canada. The company is popular for its products such as wood chips, newsprints, pulp, plywood, LVL, OSB, and MDF. The company was twice recognized as Canada’s most Admired Corporate Culture. Also, in 2018, the company was recognized as Canada's Best Employer for Recent Graduates.

2. Canfor

Canfor is one of the leading distributors of integrated forest products. The company is situated in British Columbia, Canada. They are the world’s largest producer of pulp, sustainable lumber, and paper. Also, the company is a leading producer of green energy and wood pellets. The products are high-quality and value-added to the finishing.

3. Weyerhaeuser

The company is located in America and is a manufacturer of wood products. The company is dedicated to improving lives in fundamental ways and using lands for conservation, recreation, and economic development. Also, the company operates as a real estate investment trust.

4. Stora Enso

Stora Enso is a manufacturer of paper, pulp, and other forest products. Situated in Helsinki, Finland, and was founded in 1998. The company was ranked 7^th in the world by sales and 4^th by earnings, in 2015. The company is a leading provider of renewable products in biomaterials, packaging, paper, and wooden construction.

5. Georgia Pacific

The world’s largest distributor and manufacturer of pulp, tissues, paper towels, and paper. The company is situated in America and was founded by Owen Robertson on 22 September 1927. The company started from a single building in Augusta, and today it has more than 150 locations across the globe.

6. Interfor

Based in Vancouver, Canada, and was founded in 1963. The company is one of the largest lumber producers in the world. The products are used for commercial, residential, and industrial applications. The company products use several species of wood such as Southern Yellow Pine, Douglas Fir, Western Red Cedar, Ponderosa, and Western Hemlock.

7. Sierra Pacific Industries

The second-largest lumber producer with the largest private landholder in California. The company is situated in America and third a generation family-owned company. Sierra Pacific Industries have a strong customer base with expert professional foresters.

Increasing Demand for Wood Products to Fuel Market Expansion

A rise in inclination towards wooden products and equipment is extensively used in cutting lumbers or planks. Expansion in the forest sector and a huge need for forest products are estimated to surge market growth. Wood products are used in building houses, making artwork, papers, and packing boxes. Such broad usage of wood products is expected to boost sawmill adoption.

About the Author:

Tanisha Bhattacharjee is an M. A graduate in English. She is passionate about reading & creative writing. Her interest is also found in dance & music.