North America Laminated Veneer Lumber Market Report and Forecast 2020-2025

Press Release:

North America Laminated Veneer Lumber Market to Reach 4.2 Million Cubic Meters by 2025, Fostered by Escalating Demand from New Housing Projects

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

North America Laminated Veneer Lumber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The North America laminated veneer lumber market reached a volume of 2.7 Million cubic meters in 2019. Laminated veneer lumber (LVL), also known as engineered lumber, stands for a layered composite of thin wooden panels fabricated together by adhesives. Cross-banded laminated veneer lumber and laminated strand lumber are the two distinctive types of LVL. Laminated veneer lumber is cost-effective, sustainable, strong, lightweight, uniform and has high structural reliability as compared to milled lumber. Owing to this, it is utilized for various structural purposes in wooden houses, industrial warehouses, public buildings and large prefabricated buildings.

North America Laminated Veneer Lumber Market

North America represents one of the largest markets for laminated veneer lumber pertaining to the escalating demand from new residential housing projects in the region. Apart from this, increasing renovation activities together with the blooming furniture manufacturing sector have fueled the demand of LVL. Rising environmental concerns and government legislation towards the illegal trade of timber will continue to spur the market in the forthcoming years. Looking forward, IMARC Group expects the market to reach a volume of 4.2 Million cubic meters by 2025, registering a CAGR of around 8% during 2020-2025.

Report Scope:

North America Laminated Veneer Lumber Market
Key Regions Analysed
- United States
- Canada
- Mexico
Analysis for Each Country
Market by Application
- Residential
- Commercial
Market by Sector
- New Construction
- Replacement
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles

Key Questions Answered in This Report:

How has the North America laminated veneer lumber market performed so far and how will it perform in the coming years?
What are the key regions in the North America laminated veneer lumber market?
What is the breakup of the North America laminated veneer lumber market on the basis of application?
What is the breakup of the North America laminated veneer lumber market on the basis of sector?
What are the various stages in the value chain of the North America laminated veneer lumber industry?
What are the key driving factors and challenges in the North America laminated veneer lumber industry?
What is the structure of the North America laminated veneer lumber industry and who are the key players?
What is the degree of competition in the North America laminated veneer lumber industry?
What are the profit margins in the North America laminated veneer lumber industry?

Report Coverage:

Base Year Considered: 2019
Historical Data Coverage: 2014-2019
Market Forecast: 2020-2025
Geography Covered: North America, United States, Canada and Mexico
Segments Covered: Application and Sector

Report Customization: Although IMARC has tried to cover everything in the North America laminated veneer lumber market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.