Sawmill Market Overview:
The sawmill market had a robust size in 2021, and it is projected to register a high compound annual growth rate (CAGR) over the forecast period. One of the main drivers of the market's revenue growth is the increasing use of sawmills in the housing and real estate sectors for house frames and flooring due to their durability and finish. Additionally, the adoption of sawmills in the furniture industry, particularly in large retailing store chains, is also a significant contributor to market growth.
Sawmills, or lumber mills, use tree trunks as raw materials to convert them into wooden logs or other long pieces. The wood, also known as lumber or timber, is typically sourced from forests and brought to the sawmill facility for further processing. Hardwood, such as teak, maple, and mahogany, is sourced from angiosperm trees, while softwood, such as pine, cedar, and larch, can be obtained from gymnosperms. Hardwood is denser, low maintenance, fire-resistant, and expensive, while softwood is versatile, easily cultivable, and cost-effective. Therefore, softwood is widely used on a commercial scale for furniture, door installation, and packaging.
Sawmill operations include scaling of tree barks, breaking larger wooden trunks into smaller pieces, drying, and smoothing logs. As a natural resource-intensive industry, sawmills are typically located near forested areas, with certain regulations pertaining to their proximity to wildlife and their gas emissions. Despite being a centuries-old industry, sawmill productivity has increased significantly due to high mechanization, such as log drivers, cargo carriers, circular saws, and traction engines. Moreover, operational companies own large facilities in various regions of the world, with significant large-scale facilities located in North America and Europe.
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Sawmill Market Segments:
The global market size of the sawmill industry witnessed significant growth in 2021 and is projected to continue with a high CAGR throughout the forecast period. The rise in demand for sawmills is primarily due to their increased use in the housing and real estate sectors for house frames and flooring, driven by the durability and finish of sawmill products, along with their adoption in the furniture industry, especially in large retailing store chains.
Sawmills, which are also known as lumber mills, transform tree trunks into wooden logs or other long pieces. The hardwood is obtained from angiosperm trees such as teak, maple, and mahogany, whereas the softwood is usually sourced from gymnosperms such as pine, cedar, and larch. Softwood is widely used on a commercial scale for furniture, door installation, and packaging, whereas hardwood is denser, low maintenance, fire-resistant, and expensive in nature.
Sawmill operations include scaling of tree barks, breaking larger wooden trunks into smaller pieces, drying, and smoothening logs. Although woodwork is a centuries-old industry, the high mechanization of this sector has increased productivity. Additionally, operational companies own large facilities in various regions of the world, with major large-scale facilities located in North America and Europe. Being a natural resource-intensive industry, sawmills are located near forested areas, with certain regulations pertaining to their proximity to wildlife and their gas emissions.
The market is segmented based on the type of lumber, including softwood lumber and hardwood lumber, along with the application or end-use outlook, which consists of construction, furniture, packaging and joinery industries, and others. Furthermore, the market is divided regionally into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with major countries in each region, such as the US, Canada, Germany, China, Brazil, and Saudi Arabia.
Sawmill Market Strategic Developments:
West Fraser Timber Co., Ltd. based in Canada completed the acquisition of Norbord Inc. in February 2021. The acquisition is expected to expand the company's portfolio of lumber products and enable sustainable production. This move is anticipated to enhance the manufacturing of other timber-based articles in the region.
Interfor Corporation, another Canadian company, acquired EACOM Timber Corporation in February 2022. This acquisition is expected to strengthen Interfor's lumber procurement and forestry activities in the Eastern Canadian region, resulting in improved raw material production for timber.
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Sawmill Market Competitive landscape;
The global sawmill market is dominated by several major players, including West Fraser Timber Co., Ltd., Interfor Corporation, and Tolko Industries Ltd., all based in Canada. These companies are known for their extensive portfolios of lumber products, and they have a significant presence in the market.
Other major players in the sawmill market include Rettenmeier Holding AG and Klausner Holz Thüringen GmbH, both based in Germany. These companies are also known for their high-quality lumber products, and they have a strong presence in Europe.
In addition to these companies, several other players are significant contributors to the global sawmill market. These include Weyerhaeuser and Arauco Wood Products Inc. in the U.S. and Chile, respectively. Canfor Corporation in Canada, and Stora Enso Oyj and Södra Skogsägarna in Finland and Sweden, respectively, are also important players in the market.
With their extensive product portfolios, strong market presence, and commitment to sustainable production, these companies are expected to continue to play a leading role in the global sawmill market in the coming years.
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