Kings Research is delighted to announce the publication of its latest market research study on the Glue Laminated Timber industry worldwide. According to Kings Research, the global Glue Laminated Timber Market was valued at USD 2.61 billion in 2022 and is projected to reach USD 4.28 billion by 2030, growing at a CAGR of 6.37% from 2023 to 2030. The global market is constantly evolving, and businesses need to stay up-to-date with the latest trends and developments in order to remain competitive.
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This competitive landscape is influenced by several factors, including technological advancements, shifting consumer preferences, regulatory frameworks, and economic conditions. Businesses operating in this market must stay vigilant to these influences to stay ahead in the competitive race. This study equips businesses with valuable information to assess their competitive environment and make well-informed business decisions.
Key Players: -
- Mayr-Melnhof Holz Holding AG
- Western Forest Products
- Boise Cascade
- Binderholz GmbH
- Structurlam Mass Timber Corporation
- B&K Structures
- Pfeifer Holding GmbH
- Schilliger Holz AG
- Setra Group AB
- HASSLACHER Holding GmbH
The report covers major market drivers, restraints, challenges, and opportunities, as well as emerging technologies, market trends, and technological integration, making sure the information stays up-to-date. It further provides an overview of the factors bolstering product sales, such as the introduction of novel features, rising investments in R&D activities, and expanding production capacities.
Segmentation analysis is a crucial tool for comprehending and analyzing the global market. This study report identifies segments by dividing the market into distinct categories based on characteristics like demographics, geographic location, psychographics, behavior, and preferences. Businesses can leverage this segmentation to effectively target specific customer groups by utilizing tailored marketing strategies and offerings that align with their unique needs and preferences.
- Floor and Roof Beams
- Household Framing
- Window & Door Headers
- Supporting Columns
- Ridge & Curved Beams
- Building and Construction
It provides insights into critical factors that are fostering market development, along with the lucrative opportunities the global market holds. This involves favorable government policies, economic factors, trends, and numerous initiatives taken by corporations to augment product sales. The study will prove beneficial to manufacturers, new entrants, and businesses involved in the industry chain, offering valuable insights to support their operations and strategic initiatives.
The report highlights a comprehensive analysis of the competitive landscape of the global Glue Laminated Timber market, focusing on key players and strategic developments. The global market is characterized by dynamism and competitiveness, with companies seeking to gain market share and secure a competitive edge in the global industry.
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The North America will dominate the market share of Glue Laminated Timber Market. The regional outlook for different parts of the world, such as North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, is also included. The regional section sheds light on the prominent factors shaping market growth to assist stakeholders in understanding the global market standing of leading regions.
- February 2023 (Acquisition): HASSLACHER Group has made a strategic investment by acquiring a 40% stake in Egoin Wood Group, a company that specializes in the development of construction timber solutions for the domestic and international markets. This move is expected to enhance HASSLACHER's portfolio of sustainable construction materials, enabling the company to expand its offerings and further strengthen its position in the market.
- February 2023 (Expansion): Holmen, a leading manufacturer of wood products, is committed to advancing sustainable construction by investing in the enhanced manufacture and processing of wood products. The production of wood products has become a significant aspect of the company's overall operations, with a particular focus on incorporating cross-laminated timber (CLT) and glue laminated timber (glulam) materials. With the strategic acquisition of Martinsons in 2020, the firm has further strengthened its position in the use of contemporary wood building materials.
- July 2022 (Acquisition): Western Forest Products has acquired the majority of assets of Calvert Company, one of the glulam manufacturers to establish its position as a leader in the burgeoning market for solid wood-engineered products. The acquisition aligns with their overarching strategy of increasing value proposition by expanding a suite of value-added products, thereby furthering our position in the marketplace.
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