Logging in the US - Industry Market Research Report

Logging in the US - Industry Market Research Report

  • November 2020 •
  • 55 pages •
  • Report ID: 167858 •
  • Format: PDF
Clear cut: Industry revenue is expected to rebound amid increasing sawlog prices

Abstract

Logging in the US
The Logging industry has experienced modest growth over the five years to 2019. Since the majority of industry products, including woodchips, wood pulp and sawlogs, are used to manufacture lumber and wood panel products for the residential construction market, construction activity largely determines industry performance. However, as with any agriculturally based industry, overall industry performance is heavily tied to movements in output prices. Over the five years to 2024, industry revenue growth is expected to decelerate. The industry is expected to contend with continued weakness in sawlog prices, while residential construction activity is expected to slow. Additionally, the US dollar is expected to weaken marginally, though it is still expected to remain at elevated levels, which will constrain industry export growth.

Logging companies buy and lease log-harvesting equipment and vehicles and use them to fell trees. The trees are then transported as sawlogs to sawmills and pulp mills. The industry excludes breeding, planting or growing trees; companies that provide these services are classified under the Timber Services industry (IBISWorld report 11311). Companies that truck timber are categorized under Local Specialized Freight Trucking (48422).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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