Reclaimed Lumber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 - 2028

  • Single User License $3500

Reclaimed Lumber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 - 2028

Status : September, 2021 | Chemical & Materials

Report Digest


Global Reclaimed Lumber Market: Snapshot

The increasing awareness amongst consumers and vendors about recycling, reusing, and reducing has given the global reclaimed lumber market a major push in the recent years. Reclaimed lumber refers to timer that is salvaged from warehouses, old buildings, discarded furniture pieces, barrels, and other wooden structures. Numerous environmental benefits of reclaimed lumber has won the market an unwavering consumer base over the years. The rise of construction industry across the globe and especially in the developing parts of the world has significantly upped the demand for reclaimed lumber as it is definitely known to better alternative to plastics.

The demand for reclaimed lumber is also expected to rise in the coming years as older wood is far more durable than new wood. The long-term exposure of reclaimed lumber to harsh weather conditions makes it less likely to split as it has already undergone expansion and contraction cycles.  Thus, its intrinsic durability makes it a better option than newer timber. The demand for reclaimed timber will be primarily driven by the rapid pace of urbanization and industrialization. Usage of reclaimed lumber has also gained momentum as it lends a certain aesthetic appeal to the end products.

Recognition of claimed lumber as a green building material has garnered the global market special attention from many construction giants in recent years. Increasing emphasis on building eco-friendly structures to reduce material wastage and overall carbon footprint has favored the reclaimed lumber market tremendously. The only factor that is likely to hamper the sales of reclaimed lumber is its high cost. As this timber needs to be restored is demands Herculean time and effort to be brought to a point of reuse. This very factor is expected to restrain the growth of the global reclaimed lumber market in the coming years.

Global Reclaimed Lumber Market: Overview

The report details an exhaustive account of the global reclaimed lumber market along with numerous associated factors. Some of these factors that are included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist as a valuable insight to businesses which are already operating in the global reclaimed lumber market, as well for those who intend to newly establish themselves in this environment.

Global Reclaimed Lumber Market: Market Potential and Drivers

A burgeoning expansion witnessed by the construction industry is primarily driving the global reclaimed lumber market. This is mainly due to highly preferred properties present in reclaimed lumber such as superior stability, high strength, less carbon footprint, and good durability. Such characteristics make the lumber perfect for utilization in various types of construction projects. With rapid urbanization and industrialization, a growing demand for construction of residential and commercial spaces is felt. And with a pointed effort made by several construction companies to cause least harm to the environment, the relevant market is growing with leaps and bounds in recent times. Moreover, with a rising awareness about reclaimed wood raw materials, the utilization of new timber has witnessed a substantial drop, thereby contributing towards a significant growth witnessed by the market.

Another major factor boosting the market’s growth involves favorable initiatives put forth by various governments that demand use of green building materials in order to achieve green building status. Reclaimed lumber being one of the officially recognized green building materials, the associated market is further expected to witness tremendous progress with a rising demand for eco-friendly structures.

Global Reclaimed Lumber Market: Geographical Outlook

The global reclaimed lumber market is majorly concentrated in North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. Of these, maximum presence of the market occurs in North America and Europe. The former region holds a leading position mainly due to a strong infrastructural setup and highly advancing construction industry. Whereas Europe holds the second spot owing to a high awareness in terms of green building techniques. Large-scale implementation of green building assessment methods such as BREEAM and LEED in Europe also have made the region depict a substantial market growth. However, apart from these regions, mammoth efforts are being made by leading countries from Asia Pacific too, in order to make their presence felt in the market. With well-known companies getting established in Asia Pacific, this region is anticipated to expand at a vigorous rate in future.

Global Reclaimed Lumber Market: Competitive Landscape

The global reclaimed lumber market depicts the presence of a highly competitive and fragmented vendor landscape. This is mainly due to numerous new companies entering this market on a regular basis, mainly by banking on the uniqueness of their products. Most participants procure raw materials from multiple sources, consequently providing superior quality products to the customers. With the number of players expected to increase in the vendor landscape, the competition is predicted to intensify further in the global reclaimed lumber market. Most businesses focus on improving product quality, bring forth product differentiation, and achieve geographical expansion, in order to gain extensive revenue.

Altruwood, Carpentier Hardwood Solutions NV, Recycling the Past, LLC, Vintage Timberworks, Inc., Longleaf Lumber, Inc., Atlantic Reclaimed Lumber, LLC, Eagle Reclaimed Lumber, Imondi Flooring, TerraMai, Jarmak Corporation, Elemental Republics, Elmwood Reclaimed Timber, Trestlewood, G R Plume Company, and Olde Wood Ltd., are key players operating in the global reclaimed lumber market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?