Sawmill Market Size, Share, Growth, and Industry Growth, By Type (Softwood Lumber and Hardwood Lumber), By Application, (Construction, Furniture, Packaging and Joinery, and Others), Regional Forecast (2022-2028)

REPORT OVERVIEW

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The global sawmill market size was USD 221.25 Billion in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with sawmill experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 416.08 Billion by 2028, exhibiting a CAGR of 11.1% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

A sawmill is equipment used to cut logs into lumber. There are machines made especially for cutting the logs into shamble. Advanced sawmills are inbuilt with a motorized saw to cut the logs and make long pieces into custom sizes. Before introducing the advanced motorized sawmill, the woods were cut into lumber with the help of hand sawn and two men with a whipsaw. This conventional way used to take a lot of time. The advanced machine requires a power supply and finishes the work in lesser time. 

The sawmill's general work is the same as it was years ago. Enter the log on one end, and the lumber exits on the other side. These machines are used for sawing logs into lumber or rough-squared sections and boards. To finish the process, a sawmill is equipped with tenoning, planing, molding, and other machines. The sawmills are generally situated near the rail or river where timber can be easily bought, and the mill design is dependent on the transportation mode. Also, resawing machines handle the partly broken materials and deal with them. 

COVID-19 Impact: Shut Down of Transportation Industry Retarded Growth During Pandemic

The market experienced a downfall in growth due to a sudden lockdown globally. This lockdown restricted transportation, manufacturing, and distribution, resulting in the market growth's downfall. The demand for the product decreased due to the shutdown of construction industries globally. The pandemic shut down the production of machinery due to a prolonged lockdown. The pandemic already affected the sales of various machinery and equipment, which later retarded the sawmill market growth. The lockdown affected the growth rate of the market. 

LATEST TRENDS

"Demand for Modern Equipment to Flourish Product Demand"

Demand for advanced equipment with higher productivity and efficiency without affecting the safety or quality is likely to boost the product demand in the global market. The current innovations in the logging methods of woods coupled with the forest science in enhancing techniques for sawmill operations are forecasted to surge market growth. Additionally, the inclination of the general population toward wooden products is also anticipated to bolster growth in the market.

RESTRAINING FACTORS

"The increased cost of equipment to decelerate growth"

Technical advancements in the machine increase the cost of the product, which is forecasted to retard the expansion of sawmill market share. The market may also experience resistance due to a lack of professional machine operators. Operating these machines and equipment require skills and experience, which is anticipated to be another factor in hindering the market growth. The increased cost of this equipment is forecasted to hinder the market growth. 

Segmentation

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• By Type Analysis

By type, the market is segmented into softwood lumber and hardwood lumber.

Softwood lumber is expected to dominate other segments as it owns a share of more than 65%. 

• By Application Analysis

Based on application, the market is classified into construction, furniture, packaging and joinery, and others. 

Construction is expected to dominate the application segment as it holds the major share of this segment. Construction industries widely use wood in manufacturing and interior designing buildings and already built buildings.

DRIVING FACTORS

"Increasing Government Investment On Equipment to Accelerate the Growth"

Sawmills are the factories where logs are cut into lumbers or planks, and these factories are included in the forestry sector. The government is focused on the development of forests and forest-related industries. Thus, the higher investments by the government are anticipated to supplement the sawmill market growth. Moreover, the expanding use of wood in manufacturing various products such as furniture, doors, and others is forecasted to boost growth. 

"Rising Demand for Wood and Wood Products to Bolster Market Growth"

The higher standard of living among the population is forecasted to surge the demand for wood and wood products ascribed to the use of woods in various industries. It is now being used in making houses, packaging, artworks, and papers, likely to boost the market growth in the forecast period. Additionally, the woods are now being used in the packaging and joinery sector, which is also surging the market growth.

REGIONAL INSIGHTS

"North America to Lead Market Ascribed to The Rental Availability of Machines"

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North America is estimated to dominate the market ascribed to the equipment's availability on a rental basis and the development of online retail facilities. Additionally, the regional growth is backed by the increasing government investments in infrastructure development. The U.S. is anticipated to record the highest growth in the forestry equipment market ascribed to the rapidly increasing construction and economic activities. 

Asia Pacific is estimated to show sizeable growth in the global market ascribed to the rising government expenses on rehabilitation and up-gradation of the forests and the forestry equipment across the region.  

KEY INDUSTRY PLAYERS

"Major Players to Emphasize Launching Efficient Machines"

Key manufacturers are focused on constantly upgrading their product portfolio by launching advanced features to differentiate their products from other companies' products. Competitors also emphasize sustaining the market of heavy competition.  The key competitors are making various analytical approaches. Major players also emphasize boosting their presence through investments, partnerships, agreements, joint ventures, expansions & investments, and partnerships. The emergence of advanced products is expected to increase product demand and support market growth. The companies are also forecasted to focus on developing higher efficiency products to gain sawmill market share. 

List of Market Players Profiled

• West Fraser (Canada)
• Canfor (Canada)
• Weyerhaeuser (U.S.)
• Stora Enso (Finland)
• Georgia-Pacific (U.S.)
• Interfor (Canada)
• Sierra Pacific Industries (U.S.)
• Hampton Affiliates (U.S.)
• Arauco (Chile)
• Tolko (Canada)
• Holzindustrie Schweighofer (Austria)
• Pheifer (Austria)
• Klausner Holz Thüringen (Germany)
• Sodra (Sweden)
• SCA (Sweden)
• Ante-holz GmbH (Germany)
• Rayonier Advanced Materials (Tembec) (U.S.)
• Moelven (Norway)
• Rettenmeier Group (Germany)
• Hyne Timber (Australia)

INDUSTRY DEVELOPMENT

September 2019- Waver, a Slovenia-based company created an advanced sawmill known as WRC 1050 ac. This new product is well-equipped with advanced technology such as frequency-controlled movements and motors. This advancement made wood cutting efficient and easier. 

REPORT COVERAGE

The report covers the global market information on insulating gloves. It is an all-inclusive market insight report, including the market segmentation based on type and application. The report aims to offer market insights, including significant trends, opportunities, and challenges. The report also covers various distribution channels with the regional analysis. The regional analysis section represents the dominating region of the market. Additionally, the key market players and their headquarters are covered in this report to give a brief idea about the existing competition. Furthermore, the factors expected to drive or restrain the market are also included in this report.