Reclaimed Lumber Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Heavy Industry Report Format : PDF Report Code: ZMR-5901 Status : Upcoming

Description

Global Reclaimed Lumber Market: Overview

Reclaimed lumber is milled wood that is recovered from initial installation for reusing it in new applications. It is upcycled high-quality wood recovered from several sources such as stock farms, old barns, warehouses, factories, retired ships, and many more. It is been widely used in businesses and homes for flooring, furniture, architectural details, cabinetry, etc.

Global Reclaimed Lumber Market: Growth Factors

The global reclaimed lumber market is gaining popularity and is surging at a lucrative rate. An increase in environmental awareness leading to the use of recycled material, rise in use of wood for decorating homes & business, and rise in popularity in green building are the primary factors that are propelling the growth of the global reclaimed lumber market. The use of reclaimed lumber is an environmentally friendly approach. It leads to a decrease in the demand for newly sourced lumber that helps curb deforestation. In addition to this, reclaimed wood has multiple uses, is harder than virgin wood as it usually comes from old trees, has unique look, and is with guilt-free exotics. With all such benefits, the reclaimed lumber industry is rising with enormous momentum. Owing to all these factors as well as a decline in quality of new lumber, rise in concerns regarding environmental impact, and increase in waste disposal & deconstruction are combinedly contributing to the growth of the global reclaimed lumber market. Moreover, growing demand from the residential sector for interior design and furniture is also one of the factors spurring the growth of the global market. Furthermore, the growing demand for customized furniture and the rise in renovation & reconstruction of old buildings will provide multiple opportunities for the growth of the global reclaimed lumber market over the forecast period. However, the downside of reclaimed lumber including high cost and legitimacy may hamper the growth of the global reclaimed lumber market.

The outbreak of Covid-19 has severely affected the growth of the global reclaimed lumber market. The construction industry has shut down their ongoing sites and also postponed their launch of new sites due to restrictions on personnel movement and complete lockdown across the cities. The scarcity of raw material due to disruption in the supply chain was also one of the concerns for the construction industry. Moreover, the pandemic has led to a change in consumer behavior which resulted in a decline in the demand for reclaimed lumber. Thus, the reclaimed lumber industry experienced a setback in its growth during the pandemic thereby affecting the growth of the global market.

Global Reclaimed Lumber Market: Segmentation

The global reclaimed lumber market is bifurcated based on application, end-use, and region. Based on application, the global reclaimed lumber market is divided into furniture, paneling, beams & boards, flooring, and others. Among these, the furniture segment is estimated to account for the largest share in the market. This is attributed to the growing demand for furniture of unique style in the business and residential sector. Based on the end-use, the global market is split into industrial, residential, and commercial. Among these, the commercial segment is estimated to account for maximum share due to its growing demand from restaurants, resorts, and offices.

Global Reclaimed Lumber Market: Regional Analysis

Based on the region, Europe is anticipated to lead the global reclaimed lumber market and is expected to maintain its dominance during the forecast period. Factors such as rise in demand for green building, presence of major players, and growing demand for reclaimed lumber for interior design. North America is projected to contribute to a significant share in the market. Growing concerns of environmental impact, decline in deforestation, and increase in residential & commercial projects will also drive the regional market growth. On the other hand, the market in Asia Pacific is expected to rise with the highest CAGR. This is attributed to an increase in the use of recycled material, growing necessity to curb deforestation, rise in disposable income, and most of the key players urging to expand their business in this region.

Global Reclaimed Lumber Market: Competitive Players

The major players operating in the global reclaimed lumber market are Carpentier Hardwood Solutions, NV, True American Grain Reclaimed Wood, Elmwood Reclaimed Timber, Jarmak Corporation, Vintage Timberworks, Inc., Elemental Republic, Longleaf Lumber, Inc., Montana Reclaimed Lumber Co., Atlantic Reclaimed Lumber, LLC, and TerraMai, among others.

Global Reclaimed Lumber Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

An increase in environmental awareness leading to the use of recycled material, rise in use of wood for decorating homes & business, and rise in popularity in green building are the primary factors that are propelling the growth of the global reclaimed lumber market. Furthermore, the growing demand for customized furniture and the rise in renovation & reconstruction of old buildings will provide multiple opportunities for the growth of the global reclaimed lumber market over the forecast period.

The major players operating in the global reclaimed lumber market are Carpentier Hardwood Solutions, NV, True American Grain Reclaimed Wood, Elmwood Reclaimed Timber, Jarmak Corporation, Vintage Timberworks, Inc., Elemental Republic, Longleaf Lumber, Inc., Montana Reclaimed Lumber Co., Atlantic Reclaimed Lumber, LLC, and TerraMai among others.

Based on the region, Europe is anticipated to lead the global reclaimed lumber market and is expected to maintain its dominance during the forecast period. Factors such as rise in demand for green building, presence of major players, and growing demand for reclaimed lumber for interior design.

}