The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

The Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.

Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.

Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.



As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.



The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.

Spain Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

<li style="text-align:

Early on in the coronavirus pandemic, house prices for Switzerland were forecasted to continue to rise for both 2020 and 2021. This is noticeably different from many other countries in the European continent, as almost all countries were expected to witness a declining house price at some point. Switzerland was an exception to this. Fear exists, however, of unemployment and how it could impact the immigrant workers in the country.

The Scandinavian residential real estate market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, rapid development in Scandinavian countries, strict regulation by government on zoning, and rising immigration.

For groups of people, individuals, and families the houses are built under residential real estate. The residential type contains townhouses, single-family homes, condominiums, apartments, and other types of living arrangements. The permanent improvements such as bridges, water, fences, trees, homes, minerals, and buildings attached to the land, made by naturally & humans including real estate. Raw land, commercial, residential, industrial, and special uses are five main categories of real estate.



The covid-19 pandemic impacted the Scandinavian residential real estate market. Decreasing supply of raw materials, lockdown across the globe, and supply chain disorders forced companies to close down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Scandinavian Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

• Increasing number of household development project is estimated to boost the market.


• Rapid innovations in construction sector are the major factor fueling the market.


• Lack of awareness about residential real estate is projected to restrict the market expansion during the forecast period.


• High price of services is anti

According to Cognitive Market Research, the global Real Estate Sector market size was USD 3625.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1450.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1087.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 833.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 181.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 72.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Commercial real estate is the fastest-growing segment, driven by economic development, urbanization, and a shift toward modern, multi-use spaces

Market Dynamics of Real Estate Sector Market

Key Drivers Real Estate Sector Market

Urbanization and Population Growth Fueling Demand: The increase in urban migration is driving the need for residential, commercial, and industrial properties. The development of megacities, improved infrastructure, and rising disposable incomes are contributing to the growth of the real estate sector. For instance, the Reserve Bank of India’s low interest rates in 2021 significantly boosted housing demand by 35–40% during the festive period.

Economic Growth and Rising Incomes Facilitating Market Expansion: A robust economy and increasing income levels are allowing for more substantial investments in real estate. The development of infrastructure, enhanced investor confidence, and capital inflows are further driving demand across the residential, commercial, and industrial property sectors.

Key Restraint Real Estate Sector Market

High Construction Costs Impeding Market Growth: The escalating costs of raw materials and labor shortages are raising project expenses and causing delays. Global supply chain disruptions and inflation are also impacting profit margins and making housing less affordable, which in turn is hindering real estate activity.

Key Trends for Real Estate Sector Market

Smart Cities and Sustainable Infrastructure Development: Governments and developers are focusing on smart city initiatives that include green buildings, energy-efficient designs, and technology-integrated infrastructure, thereby improving livability and long-term value in urban real estate markets.

Increasing Demand for Mixed-Use Developments: There is a growing consumer preference for integrated spaces that combine residential, retail, and office units. This trend is transforming urban planning and generating demand for multi-functional real estate projects that cater to convenience and contemporary lifestyles.

Impact of Covid-19 on the Real Estate Sector Market

Covid-19 pandemic significantly impacted the real estate sector, leading to shifts in both demand and operational dynamics. During the early phases of the pandemic, lockdowns and economic uncertainties caused a slowdown in construction activities, delays in project completions, and a decline in property transactions. The residential market experienced a surge in demand for larger homes and properties in suburban areas as people sought more space due to remote work trends. On the other hand, the commercial real estate market, especially office spaces, faced challenges with businesses adopting remote work models, resulting in a reduced demand for office buildings. Introduction of the Real Estate Sector Market

The real estate sector encompasses the development, buying, selling, leasing, and management of land, residential, commercial, and industrial properties. It is a dynamic market driven by a complex mix of factors, including economic conditions, urbanization, demographic shifts, and government policies. Market growth in the real estate sector is primarily influenced by factors such as population growth, increasing urbanization...

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

The statistic displays a **** year forecast for house price growth in the United Kingdom (UK) from 2020 to 2024, revised with the coronavirus (covid-19) impact on the market. According to the forecast, 2020 and 2021 will likely see a slower to no increase in house prices followed by a gradual recovery between 2022 and 2024. North West, North East, Yorkshire & the Humber, and Scotland prices are forecast to bounce back quicker than other UK regions with higher **** year price increase.

According to Cognitive Market Research, the Worldwide Bioclimatic Pergola market projection is USD 0.415 billion in 2023 and will grow or expand at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.

The Worldwide Bioclimatic Pergola market will expand at a significant rate of 5.90% CAGR between 2023 and 2030.
The demand for Bioclimatic Pergola is rising. High disposable income, population growth, and rapid urbanization increase demand.
Demand for Adjustable Bioclimatic Pergola remains higher in the Bioclimatic Pergola market.
Aluminium held the highest Bioclimatic Pergola market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Bioclimatic Pergola market will experience the strongest growth until 2030.

High Disposable Income, Population Growth, And Rapid Urbanisation To Provide Viable Market Output

Real estate is one of the most well-known and rapidly increasing sectors. High disposable income, population growth, and rapid urbanization contribute to increased real estate demand, which supports the rise of outdoor structures such as bioclimatic pergolas. As consumer expenditure on housing grows, the market for bioclimatic pergolas is expected to expand. The rise of corporate settings, the necessity for office space, and the availability of urban housing all give further appealing opportunities for market expansion.

According to the India Brand Equity Foundation, the Indian real estate market is expected to reach $1 trillion by 2030, accounting for 18%-20% of the country's GDP, highlighting the industry's vast potential and serving as a crucial market stimulant.

(Source:www.ibef.org/industry/real-estate-india)

Similarly, according to a US Bureau of Labor Statistics study, consumer expenditure, especially house spending, has surged considerably.

Market Dynamics of Bioclimatic Pergola

Price fluctuations and High raw material prices to Hinder Market Growth

Even though the raw material market has developed, prices fluctuate to varied degrees due to the effect of the economic chain, trade policies, other essential raw material pricing, and the market supply and demand connection. The major component of the Bioclimatic Pergola is aluminum. Aluminum prices have risen rapidly worldwide, increasing the company's overall costs. Suppose the pergola manufacturer lacks sufficient raw material autonomy. In that case, if all required materials are purchased from outside sources, the company's raw material procurement prices will be uncertain, and fluctuations in procurement costs will impact the company's profitability. Raw material price fluctuations put industrial enterprises' development at risk.

Impact of COVID – 19 on the Bioclimatic Pergola Market

COVID-19 has killed almost 5.37 million individuals since the beginning of 2021, and the number of deaths continues to climb. The current global economy is recovering, but the supply chain disruption and the pandemic's rising unpredictability have raised the uncertainty of the global economic recovery and undermined the recovery momentum. The International Monetary Fund (IMF) forecast in its World Economic Outlook issued in October that the global economy would continue to recover in 2021, although the pace will decrease. The COVID-19 pneumonia epidemic's influence on the Bioclimatic Pergola business affects all important linkages and entities in the industrial chain. At the same time, several nations afflicted by the outbreak have put bans on domestic traffic and people movement, as well as restrictions on imported commodities. As a result, the Bioclimatic Pergola experienced varied degrees of logistical disruption, freight buildup, and transportation delays. These will hurt the industry's development. Introduction of Bioclimatic Pergola

Retractable pergolas are essential in commercial situations such as bars, restaurants, gardens, complexes, and buildings' outdoor spaces. They provide guests with a pleasant place to stay, protect tourists from the summer's blazing midday sun, and create more serene environments that are easier to maintain. Bioclimatic pergolas are revolutionary structures made up of motorized and foldable blades that may be simply constructed and can fit into any type of structure, whether residential or commercial. Bioclimatic pergola design and construction advancements have made them more individua...

Snapshot img

The central venous catheters market has the potential to grow by USD 138.10 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3%.

The central venous catheters market report extensively covers market segmentations by geography (North America, Europe, Asia, and ROW), product (tunneled central venous catheters and non-tunneled central venous catheters), and end-user (hospitals, ASCs, and others) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Central Venous Catheters Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Central Venous Catheters Market

Get Your FREE Sample Now!

Central Venous Catheters Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the high prevalence of chronic disorders are notably supporting the central venous catheters market growth. On the other hand, factors such as central line complications have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This central venous catheters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Central Venous Catheters Market Vendors?

The central venous catheters market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

Asahi Kasei Corp.
B. Braun Melsungen AG
Becton, Dickinson and Co.
Cook Medical LLC
Edwards Lifesciences Corp.
ISOMed
Lepu Medical Technology (Beijing) Co. Ltd.
Smiths Medical Inc.
Teleflex Inc.
Vygon SA

The central venous catheters market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the central venous catheters market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Central Venous Catheters Market?

For more insights on the market share of various regions Request for a FREE sample now!

The central venous catheters market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 32% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for central venous catheters in North America.

North America has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Geography Segments in the Central Venous Catheters Market?

To gain further insights on the market contribution of various segments Request for a FREE sample!

The central venous catheters market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The central venous catheters market share growth by the hospitals segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides thorough central venous catheters market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial ma

Retail real estate rents in Europe declined slightly in 2021 following the COVID-19 pandemic, while in the UK rents plummeted by nearly ** percent. This trend reversed in 2023 and was expected to continue until 2026. During that period, retail rents in Europe are forecast to grow between *** and *** percent annually. In the UK, the forecast rental growth is projected at *** to *** percent.

The foreclosure rate in the United States has experienced significant fluctuations over the past two decades, reaching its peak in 2010 at **** percent following the financial crisis. Since then, the rate has steadily declined, with a notable drop to **** percent in 2021 due to government interventions during the COVID-19 pandemic. In 2024, the rate stood slightly higher at **** percent but remained well below historical averages, indicating a relatively stable housing market. Impact of economic conditions on foreclosures The foreclosure rate is closely tied to broader economic trends and housing market conditions. During the aftermath of the 2008 financial crisis, the share of non-performing mortgage loans climbed significantly, with loans 90 to 180 days past due reaching *** percent. Since then, the share of seriously delinquent loans has dropped notably, demonstrating a substantial improvement in mortgage performance. Among other things, the improved mortgage performance has to do with changes in the mortgage approval process. Homebuyers are subject to much stricter lending standards, such as higher credit score requirements. These changes ensure that borrowers can meet their payment obligations and are at a lower risk of defaulting and losing their home. Challenges for potential homebuyers Despite the low foreclosure rates, potential homebuyers face significant challenges in the current market. Homebuyer sentiment worsened substantially in 2021 and remained low across all age groups through 2024, with the 45 to 64 age group expressing the most negative outlook. Factors contributing to this sentiment include high housing costs and various financial obligations. For instance, in 2023, ** percent of non-homeowners reported that student loan expenses hindered their ability to save for a down payment.

According to the forecast, the Canadian commercial real estate investment market was headed for recovery from the coronavirus (COVID-19) crisis. Investment volumes are expected to increase across all real estate sectors, with the multifamily investment sector attracting close to ** billion Canadian dollars in 2021, up from approximately ** billion Canadian dollars in 2020 and *** billion Canadian dollars in 2019. While the outlook might be overall optimistic, the total volume of investment forecast for 2021 is expected to be below the levels recorded in 2019.

Snapshot img

The door closer market share is expected to increase by USD 197.28 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.31%.

This door closer 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 door closer market segmentations by product (manual door closer and automatic door closer), end-user (commercial and industrial and residential), and geography (APAC, Europe, North America, MEA, and South America). The door closer market report also offers information on several market vendors, including Abus August Bremicker Sohne KG, Allegion Plc, ASSA ABLOY AB, Cal-Royal Products Inc., dormakaba International Holding AG, GEZE GmbH, ISEO Serrature Spa, Ryobi Ltd., Stanley Black and Decker Inc., and Tell Manufacturing Inc. among others.

What will the Door Closer Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Door Closer Market Size for the Forecast Period and Other Important Statistics

' There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry in APAC'

Door Closer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the commercial real estate market is notably driving the door closer market growth, although factors such as competition among vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the door closer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Door Closer Market Driver

One of the key factors driving the door closer market growth is the growth in the commercial real estate market. Door closers are deployed in most commercial spaces, such as restaurants, retail outlets, airports, and commercial office buildings. There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry. Various reasons for the growth of commercial real estate investments are technological advancements, societal factors, lifestyle, and consumption patterns. The markets will see robust and volatile growth due to the introduction of low-interest rates across regions, boosting the market for commercial real estate investment. Commercial buildings, such as office spaces in the US and Europe, are expected to grow at a moderate rate. However, the markets in APAC will witness higher growth simultaneously over the coming years. In APAC, Australia will remain a popular destination for investment apart from China and Singapore. The growth of commercial segments, where aesthetics play a major role, will drive the demand for door closers.

Key Door Closer Market Trend

Rising demand for automatic door closers is the major trend influencing door closer market growth. The automatic door closer is a mechanical device that is fitted with springs to provide a fully adjustable closing speed. The automatic door closer works on both right and left-handed doors as well as on gates. The door closer automatically shuts the door, which helps in preventing accidents. The automatic door closer is free of maintenance. The latest trend in door closers is the automatic door closer, which is installed on business premises such as banks, offices, restaurants, and other commercial spaces. Vendors like DORMA offer automatic swing door operators, which are compact, next-generation, electromechanical doors. Door closers give an aesthetic appeal to space. They also help in minimizing heat loss due to improper closing of doors. GEZE offers automatic door closers that can open heavy doors. The smart swing feature of the door closer facilitates the effortless manual operation of the door. GEZE's online door calculator is the most flexible system, offering diverse operations. Its smart swing technology can be easily accessed manually. It also has a safe closing and opening mechanism.

Key Door Closer Market Challenge

Competition among vendors is one of the key challenges hindering the door closer market growth. With the increase in the prices of raw materials and increased competition among vendors, the profit margins of vendors are expected to decline in the market. The growth of the market is supporting the entry of new vendors. Local vendors focus more on the requirements of end-users and hence develop customized security solutions, making them a preferable choice over global vendors. The price-conscious end-users prefer investing in low-cost security solutions rather than in global brands. This reduces

The number of pending home sales in the U.S. declined dramatically in the fourth quarter of 2021. In March 2024, the pending home sales index stood at **** index points, just *** index points above its lowest value recorded in April 2020 when the COVID-19 pandemic struck. The slowdown in buying activity was triggered by the aggressive mortgage interest rates hikes in response to the rising inflation. As it takes around **** to eight weeks to finalize a home sale in the United States, the Pending Home Sales Index (PHSI) index is seen as a measure of consumer sentiment on buying a house and essentially provides an early outlook on what the actual sales of existing homes in the country might potentially look like.

Snapshot img

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?

Download the Free Report Sample to Unlock the Roundwood Market Size for the Forecast Period and Other Important Statistics

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