Lumber Wholesaling in the US - Industry Market Research Report

Lumber Wholesaling in the US - Industry Market Research Report

  • February 2021 •
  • 47 pages •
  • Report ID: 198574 •
  • Format: PDF
Going down: Market saturation is expected to limit industry operators’ profit

Abstract

Lumber Wholesaling in the US
The Lumber Wholesaling industry distributes lumber, plywood, engineered wood products, doors and windows and their frames, wood floors, paneling, roofing and other millwork products to other industries. Despite the presence of several buyers, residential construction and retailers remain the largest sources of demand for lumber wholesaling services. Over the five years to 2019, industry revenue has grown. Improved downstream demand has pushed lumber prices up, raising selling prices and bolstering both revenue and profit during the current period. However, despite improving demand conditions, the overall number of companies in the industry has increased only slightly, triggered by the exit of many small-scale operators and consolidation among the larger and more successful incumbents. The industry is expected to continue its growth over the five years to 2024, in line with positive construction market conditions. In turn, construction markets will likely be fueled by rising disposable income and improving business confidence. Lumber wholesalers will need to innovate ways to mitigate costs, provide value-added products and customized services and expand their geographic footprint into strategic markets, with greater merger and acquisition activity being one possible strategy.

This industry distributes a range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores and hardware stores. The industry does not include wholesalers that distribute nonwood roofing and siding materials, nor does it include establishments that distribute timber and timber products, such as railroad ties, logs, firewood and pulpwood. However, it does include distributors of nonwood doors, windows and frames and distributors of metal millwork.

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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