Inherently tied to the other industry segments, the wood components market also looks to grow next year. Also spurring growth is an increasing awareness by manufacturers of the benefits associated with outsourcing these diversified products. The wood components market encompasses a number of items, including: cabinet doors and drawers, furniture parts, mouldings, stair parts, turnings and specialty items.
On the industrial side, wood continues to outpace other materials in the pallet market. According to a recent user survey by Modern Materials Handling, 95% reported using wooden pallets at their facility, and 32% said they’ve acquired more wood pallets in recent years.
(Click on the infographic to enlarge.)
Information Sources: Wood Component Manufacturers Association, Wood Products Manufacturers Association, National Wooden Pallet Association, The European Federation of Wooden Pallet & Packaging Manufacturers, U.S. Forest Service, ITA Renewable Fuels Top Markets report, Research and Markets, Statista, Foreign Trade Division-U.S. Census Bureau, IBISWorld, The Freedonia Group, Modern Materials Handling.
Category: Wood Components includes: cabinet doors & drawers, furniture parts, mouldings & trim, turnings, dimension stock, stair parts & specialty items, industrial products. Industrial Products includes: pallets, reels, household utensils, crates, plus crossties and pellets.
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