Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "North America Laminated Veneer Lumber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive research on the North American laminated veneer lumber market reveals a projected increase in market size from 2.2 million cubic meters in 2022 to an estimated 2.4 million cubic meters by 2028. This reflects a sizeable growth rate (CAGR) of 1.95% between 2023-2028. This industry report offers a granular analysis, unfolding numerous opportunities and trends influencing the market's trajectory.
The market's evolution is underpinned by various sectors including residential and commercial applications, with new construction and replacement being core areas of activity. The United States and Canada, key regions highlighted in the analysis, are experiencing significant demand, driving the regional market dynamics.
Laminated veneer lumber (LVL) is renowned for its strengths such as cost-effectiveness, sustainability, and structural reliability, making it a preferred choice in structural applications. These range from wooden houses to industrial warehouses, underscoring its versatility and growing importance in the North American construction industry.
The study delves into a spectrum of drivers and challenges that stakeholders face, alongside an extensive value chain analysis. Comprehensive examinations including Porter's Five Forces, PESTEL analysis, and government regulations, provide stakeholders with a robust basis for strategic decision-making. Additionally, the competitive landscape is dissected, offering insights into competitive structure and profiling key players within the industry.
Highlights of the report include:
- Detailed country and regional analyses for the United States and Canada.
- Segmentation of market trends based on application in residential and commercial sectors and differentiation between new construction and replacement services.
- An exploration of the transformation and resilience of the market amidst COVID-19 impacts.
- A snapshot of the industry's value chain and identification of principal market drivers and challenges.
- Comprehensive competitive landscape, market competition degree, and profit margin analysis.
The findings in this report are instrumental for players operating in or planning to enter the North American laminated veneer lumber marketplace. With its in-depth market insights, the research serves as a pivotal tool for understanding the current state and future outlook of the laminated veneer lumber sector.
For a more detailed scoop on the market forecasts, regional deep-dives, industrial dynamics, competitive analysis, and market profitability, industry stakeholders are encouraged to review the complete research documentation. Catering to the needs of industry analysts, decision-makers, and potential investors, this report is a critical resource for navigating the North American laminated veneer lumber landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 125 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 2.2 Million Cubic Meters |
| Forecasted Market Value by 2028 | 2.4 Million Cubic Meters |
| Compound Annual Growth Rate | 1.5% |
| Regions Covered | North America |
For more information about this report visit https://www.researchandmarkets.com/r/egphsa
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