|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
Global Builders Joinery and Carpentry Of Wood Market is expected to grow at a CAGR of more than 4% during the forecast period.
COVID-19 has directly affected Global Builders Joinery and Carpentry Of Wood Market by affecting production and demand, creating supply chain and market disruption, and by its financial impact on firms and financial markets. The joinery industry adds value to sawn timber in many different ways in quality-controlled processes. The value-adding steps described may take place anywhere in the chain, from the sawmill to the finished product leaving the joinery workshop.
The joinery industry uses wood for various purposes, including flooring, windows, doors, stairs, furniture, and interior fittings. Pine is the usual choice because it can be given a good surface finish and the heartwood provides natural resistance to rot and insects. Despite the pandemic and problems with the availability of raw materials on the global markets, the joinery industry is performing well. Governments of many countries and the European Union have launched a number of programs to support and stimulate the development of the global economy, including the construction industry and environmental protection (e.g. the EU Green Deal).
Such actions have stimulated demand for construction materials, resulting in increased sales of joinery and the visible activity of companies in the sector to invest in new production facilities and technologies. The global joinery industry has had a period of paradoxical turbulence and turnarounds. Rising demand for building materials and a temporary lack of raw materials for their production has caused prices to rise but has not reduced the level of joinery sales. European and local projects, which will soon enter the implementation period, may further accelerate growth trends in the construction industry.
Scope of the Report
Carpentry and joinery are both construction trades. In its most simplest and traditional sense, joiners ‘join’ wood in a workshop, whereas carpenters construct the building elements on-site.Global Builders' Joinery And Carpentry of Wood Market is segmented By Geography (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), By Type (Cellular Wood Panels, Windows, Assembled Parquet Panels, Doors, and Others), and By Application (Furniture, Building, and Others). The report offers market size for Global Builders' Joinery And Carpentry of Wood Market in Value (USD Billion)
|Cellular Wood Panels|
|Assembled Parquet Panels|
Key Market Trends
Increase in housing construction market
The joinery sector is inextricably linked to the construction industry. Clearly, if there are more homes, offices, shops, and other kinds of buildings being built, there will be more demand for joinery to furnish and kit out these spaces. The housing segment is expected to lead in terms of revenue contribution to the market due to rapid urbanization in developing countries due to the increasing number of people looking for their own residential properties. The growing number of construction projects across the region due to rapid economic growth in certain countries is fostering the growth of the Asia Pacific construction market. The growing population in countries in the Asia Pacific is also a key factor driving the growth of the construction market in this region.
The Middle East & Africa market revenue is expected to register rapid revenue growth moving forward due to rapid growth in industrial, commercial, and residential projects in countries in the Middle East. Europe's construction market is expected to register steady revenue growth due to the increasing renovation of residential infrastructure in some countries in the region. The UK is leading currently in terms of the number of construction projects in the residential sector, with significant support from the government along with increasing investment in such projects.
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Home renovation market gaining importance
The home improvement services market is majorly driven by the rise in interest rates and property costs. The home improvement services market was initially hampered owing to restrictions on construction activities. However, the market started recovering as lockdown restrictions were uplifted. This market has made the importance of joinery and carpentry of the wood industry increase manifold. The increasing need for interior additions & alterations in kitchens and baths will influence the market growth. Operators in this industry remodel and renovate the interiors and exteriors of residential buildings (i.e. single-family homes and multifamily apartment building units). Operators in the remodeling industry remodel and renovate the interiors and exteriors of residential buildings, which includes activities such as additions, alterations, reconstruction, maintenance, and repair work.
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The Global Builders Joinery and Carpentry Of Wood Market are moderately competitive with the presence of many international and local players. Companies are investing in technology to stay ahead of the game. Also, with the advancement in construction the market will be becoming more competitive.
June 2021: The North Hessian ante group took over the location in Rotenbach-Friedenweiler in the Upper Black Forest on June 14th, 2021. 60 new employees are to resume operations immediately.
December 2021: With 88% ownership of the shares, Howden Joinery Group Plc is heavily dominated by institutional owners. Since institutions have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny from retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.
Table of Contents
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Trends in Joinery and Wood Carpentry
4.3 Government regulations and initiatives
4.4 Insights on upcoming projects in joinery and carpentry market
4.5 Technological Trends
4.6 Impact of COVID-19 on Global Builders Joinery and Carpentry Of Wood Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Porter's Five Forces Analysis
5.5 Industry Value Chain/Supply Chain Analysis
6. MARKET SEGMENTATION
6.1 By Geography
6.1.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
6.1.2 Latin America
220.127.116.11 Rest of Latin America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
6.1.4 Asia Pacific
126.96.36.199 Rest of Asia Pacific
6.1.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East & Africa
6.2 By Type
6.2.1 Cellular Wood Panels
6.2.3 Assembled Parquet Panels
6.3 By Application
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.1 Overview (Market Concentration Analysis and Major Player)
7.2 Company Profiles
7.2.1 Ante-holz GmbH
7.2.2 Young Lim Forestry Co. Ltd
7.2.3 Baltveide Ltd
7.2.4 Medina Joinery
7.2.5 Woodfellas Carpentry & Joinery Limited
7.2.6 Meer End Staircases & Joinery
7.2.7 Super Bebris
7.2.8 Dziedrs Ltd
7.2.9 Stairways Midlands Ltd
7.2.10 SIA BYKO-LAT*
8. FUTURE OF THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Global Builders Joinery and Carpentry of Wood Market market is studied from 2018 - 2027.
What is the growth rate of Global Builders Joinery and Carpentry of Wood Market?
The Global Builders Joinery and Carpentry of Wood Market is growing at a CAGR of >4% over the next 5 years.
Which region has highest growth rate in Global Builders Joinery and Carpentry of Wood Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Builders Joinery and Carpentry of Wood Market?
North America holds highest share in 2021.
Who are the key players in Global Builders Joinery and Carpentry of Wood Market?
Ante-holz GmbH, Medina Joinery, Woodfellas Carpentry & Joinery Limited, Meer End Staircases & Joinery, Stairways Midlands Ltd are the major companies operating in Global Builders Joinery and Carpentry of Wood Market.