Based on short-term projections, the U.S. non-residential construction market is expected to increase by approximately *** percent in 2025. That year, growth is expected to be the highest in the data center construction segment, with a year-on-year change of **** percent. Meanwhile, the value of spending on warehouses was expected to decrease that year, but to recover in 2026. The value of private non-residential buildings put in place in the U.S. soared in 2023 and continued growing in 2024. That was similar to how public non-residential construction has evolved, which also had a noticeable growth in 2023 and 2024. Non-residential construction market There are various drivers that impact the non-residential construction market and can be highly dependent on the sector. Demand for leisure travel has a major influence on the value of hotel construction in the United States. For example, construction spending on the hotels fell sharply in the first years of the COVID-19 pandemic, when travel was constrained. On the other hand, the growth in the office building market is guided to a large extent by corporate relocations, the lack of vacant spaces in major metropolitans, and trends in the hybrid working policies of companies. Industrial real estate receives most investment The value of investment in commercial real estate in the U.S. fell significantly in 2022 and 2023, but it started recovering slightly in 2024. The value of investment in office real estate fell the most in the past years, but it grew at a faster pace than other segments in 2024.
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Construction Spending in the United States decreased 0.10 percent in July of 2025 over the previous month. This dataset provides the latest reported value for - United States Construction Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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The roundwood market share is expected to increase by 15682.23 million ft3 from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.68%.
This roundwood market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers roundwood market segmentation by type (pulpwood, sawlogs, and veneer logs) and geography (APAC, Europe, North America, South America, and MEA). The roundwood market report also offers information on several market vendors, including AFRITIMSU GROUP OF CO. LTD., Atlantis SA, Extra-Les LLC , Flexx Panel BV, Fritz Kohl GmbH and Co. KG, JD Forest Products, Johnson International Co., Sierra Pacific Industries, Timberlink Ltd., and Timberwire Inc. among others.
What will the Roundwood Market Size be During the Forecast Period?
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Roundwood Market: Key Drivers, Trends, and Challenges
The rising demand from housing and infrastructure construction companies is notably driving the roundwood market growth, although factors such as environmental challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the roundwood industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Roundwood Market Driver
One of the key factors driving the global roundwood market growth is the rising demand from housing and infrastructure construction companies. For instance, the US President's 2020 budget proposed a sum of USD 200 billion for infrastructural development. In emerging economies, such as India, the government's policy to allow 100% FDI for townships and settlement projects is estimated to increase the demand for wooden products during the forecast period. The Government of India initiatives, such as the Smart Cities Mission, the Pradhan Mantri Awaas Yojana (PMAY), and the Sardar Patel National Urban Housing Mission, are estimated to promote urbanization, which is expected to spur the sales of new wood products and furnishings. In addition, the demand for office spaces in the Bay Area of California; Quezon City in the Philippines; and Gurugram, Bengaluru, and Hyderabad in India, is estimated to drive the growth of the global roundwood market during the forecast period.
Key Roundwood Market Trend
Another key factor driving the global roundwood market growth is the rising global roundwood production. The global roundwood market is expected to be worth USD 312 billion, or about 2 billion cubic meters during the forecast period. Despite a slowdown in market growth owing to the COVID-19 pandemic, substantial global demand for wood kept the roundwood industry afloat in 2020. The use of roundwood is expected to rise by around 10% to 2.2 billion cubic meters globally by 2030, owing to significant economic and demographic expansion in Asia. Globally, the sustainable harvest of current wood fiber supplies is estimated to be adequate to fulfill its increasing global consumption until 2030, with wood prices rising at a nominal rate of 1% per year. Such factors are expected to further drive the growth of the market in focus during the forecast period.
Key Roundwood Market Challenge
One of the key challenges to the global roundwood market growth is environmental concerns. Wildfires also devastated huge tracts of Australian and American forests and wood in 2020, in addition to the supply chain delays and reduced working hours for timber sector personnel due to the COVID-19 pandemic. Climate change and prior improper forestry management are increasingly being blamed for the increase in the number of wildfires/forest fires and beetle infestations. Moreover, sustainability is becoming a crucial long-term market trend at all levels of the value chain. Agreements to reduce greenhouse gas emissions, such as the European Green Deal, the Paris Climate Agreement, and the United States-Mexico-Canada Agreement (USMCA), could encourage the establishment of a market for biodegradable and wood-based packaging. Thus, environmental challenges are expected to limit the market growth during the forecast period.
This roundwood market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global roundwood market as a part of the global forest products market. Our research report has extensively covered external factors influencing the parent market growth
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Based on short-term projections, the U.S. non-residential construction market is expected to increase by approximately *** percent in 2025. That year, growth is expected to be the highest in the data center construction segment, with a year-on-year change of **** percent. Meanwhile, the value of spending on warehouses was expected to decrease that year, but to recover in 2026. The value of private non-residential buildings put in place in the U.S. soared in 2023 and continued growing in 2024. That was similar to how public non-residential construction has evolved, which also had a noticeable growth in 2023 and 2024. Non-residential construction market There are various drivers that impact the non-residential construction market and can be highly dependent on the sector. Demand for leisure travel has a major influence on the value of hotel construction in the United States. For example, construction spending on the hotels fell sharply in the first years of the COVID-19 pandemic, when travel was constrained. On the other hand, the growth in the office building market is guided to a large extent by corporate relocations, the lack of vacant spaces in major metropolitans, and trends in the hybrid working policies of companies. Industrial real estate receives most investment The value of investment in commercial real estate in the U.S. fell significantly in 2022 and 2023, but it started recovering slightly in 2024. The value of investment in office real estate fell the most in the past years, but it grew at a faster pace than other segments in 2024.