Lumber fell to 537 USD/1000 board feet on December 1, 2025, down 1.29% from the previous day. Over the past month, Lumber's price has fallen 1.47%, and is down 9.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on December of 2025.

According to Cognitive Market Research, the global Lumber market size was USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% 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 XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% 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 XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The sustainable products category is the fastest growing segment of the Lumber industry

Market Dynamics of Lumber Market

Key Drivers for Lumber Market

Increased infrastructure development fuels lumber consumption and market growth to Boost Market Growth

The key drivers that dominate the growth of the lumber market due to increased infrastructure development include rising urbanization, population growth, and an expanding construction sector. As countries invest heavily in infrastructure projects such as roads, bridges, and residential and commercial buildings, there is a growing demand for Lumber as a primary building material. Additionally, the increasing focus on sustainable and eco-friendly construction practices has led to a preference for wood-based products, driving up lumber consumption. Government initiatives and policies aimed at enhancing urban development and improving infrastructure further stimulate the demand for Lumber. Moreover, the growing trend of wood's aesthetic and environmental benefits in interior design and construction projects contributes to market growth. The continuous development of new technologies in lumber processing and efficient supply chain management also boosts the availability of quality lumber, enhancing its consumption in the market. These factors collectively fuel the global lumber market growth.

Rising home construction projects drive lumber demand and prices

Rising home construction projects are a key driver of increased lumber demand and prices. The expansion of residential construction, fueled by population growth, urbanization, and low interest rates, boosts the need for Lumber. As more people seek homeownership and housing inventory remains limited, the demand for building materials, particularly Lumber, intensifies. Supply chain disruptions, limited mill capacity, and labor shortages further exacerbate the supply-demand imbalance, contributing to price hikes. Additionally, increasing government investment in infrastructure and housing projects, along with the shift toward sustainable building practices, is expected to continue driving demand for Lumber in the coming years.

Restraint Factor for the Lumber Market

Unpredictable timber costs affect pricing and profitability

Unpredictable timber costs pose significant restraints in the timber industry, directly influencing pricing and profitability. Fluctuations in raw material costs, driven by factors like supply chain disruptions, environmental regulations, and demand shifts, make it difficult for businesses to forecast expenses. This uncertainty can lead to pricing instability, forcing companies to either absorb higher costs or pass them onto consumers, which impacts competitiveness. Additionally, profitability is threatened as businesses struggle to maintain margins amidst rising or volatile timber prices. Long-term planning and financial stability are hindered, limiting growth opportunities and operational efficiency.

Trend Factor for the Lumber Market

Sustainable forestry and eco-certified lumber are gaining momentum

The lumber market is undergoing a significant transformation towards sustainability, characterized by an increasing demand for eco-certified and responsibly sourced wood products. Stakeholders including consumers, builders, and governments are emphasizin...

The price of lumber in the United States fluctuated widely over the last five years, from a low of 240 dollars per 1,000 board feet in January 2016 to a peak of over 1,500 dollars in April 2021. This overall increase has not been linear though, with, for example, lumber prices falling by around 50 percent between June and September 2018, and again between August and October 2020. The value fell again by around 75 percent between May and August 2021. As of the end of December 2024, the price of lumber stood at 550.5 U.S. dollars per thousand board feet. Which nations are at the forefront of lumber production? The production of lumber is dependent on the availability of forest resources, market demand, and technological advances. Sustainable forest management practices a continuous supply of timber, while economic factors and construction activity drive demand. Among the countries countries with the largest production of lumber were China and the United States. Other countries with a relatively high lumber production rate were Russia, China, and Brazil.

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Reclaimed Lumber Market Size 2024-2028

The reclaimed lumber market size is forecast to increase by USD 8.2 mn at a CAGR of 3% between 2023 and 2028.

The market is experiencing significant growth due to increasing residential and commercial construction activities in North America. This trend is driven by the rising demand for sustainable and eco-friendly building materials. Additionally, the high wages in manufacturing hubs have led to an increase In the production and availability of reclaimed lumber. However, the market faces challenges such as the volatility in raw material prices and the availability of low-cost alternatives. Producers must navigate these factors to maintain profitability and meet the growing demand for reclaimed lumber. Overall, the market is expected to continue its growth trajectory, driven by the increasing focus on sustainability and the availability of ample supply from various sources.

What will be the Size of the Reclaimed Lumber Market during the Forecast Period?

Request Free SampleThe market experiences robust growth driven by the increasing demand for sustainable and eco-friendly construction materials. Reclaimed lumber, sourced from deconstructed buildings, infrastructure modernization projects, and FDI inflows, offers unique aesthetic appeal and authenticity, making it a popular choice for green homes, residential and commercial construction, flooring, furniture, and custom furniture. The market's size is significant, with applications spanning various sectors, including paneling and siding, cross-laminated timber (CLT), and wood-based construction. Environmental awareness and recycling initiatives fuel market expansion. Reclaimed lumber's use in sustainable construction practices, such as energy conservation, seismic performance, and landfill reduction, contribute to its popularity.Product innovation In the sector, including the development of new manufacturing techniques and treatments, further boosts demand. The trend toward sustainable building materials and eco-friendly practices continues to gain momentum, positioning reclaimed lumber as a preferred choice for construction activities.

How is this Reclaimed Lumber Industry segmented and which is the largest segment?

The reclaimed lumber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userCommercialResidentialIndustrialGeographyEuropeGermanyUKNorth AmericaCanadaUSAPACChinaMiddle East and AfricaSouth America

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period. Reclaimed lumber, sourced from deconstruction activities and waste management, holds substantial demand in developed countries for commercial applications. Composite reclaimed lumber is popularly utilized in developing countries due to its cost-effectiveness and versatility. The expansion of commercial building construction activities, driven by the growing service sector in countries like India, fuels the demand for reclaimed lumber. IT, telecommunications, and BPO industries' growth in cities such as Bengaluru and Delhi necessitates increased investments in commercial real estate, primarily in office and retail spaces and the hospitality sector. Wooden reclaimed lumber, including oak wood, longleaf, mountain pine, and steel, is used extensively for paneling, beams, and boards, contributing to sustainable building materials and eco-friendly practices.The adoption of green construction principles, LEED certification, and seismic performance requirements further boosts the market's growth. Wood-based construction materials, such as cross-laminated timber (CLT), offer energy conservation benefits and reduce environmental pollution and landfill reduction. DIY projects, artisanal crafts, antique furniture, and custom-manufactured furniture also utilize reclaimed lumber for its aesthetic appeal and authenticity.

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The Commercial segment was valued at USD 30.40 mn in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is poised for growth due to several factors. These include the rising emphasis on recycling, the superior structural properties of reclaimed lumber, and the increasing demand from industries such as construction, furniture manufacturing, and green building initiatives. Additionally, the need to address waste management issue

The Softwood Lumber Market size is expected to reach USD 287.6 billion in 2023 growing at a CAGR of 3.8. Softwood Lumber Market report offers segmentation insights, demand analysis, market share, growth forecast, and industry trends.

Non-seasonal prices paid for softwood lumber in the United States have remained relatively stable since 2023, after reaching a peak in March 2022. While the price of softwood lumber in May 2021 was valued at over 581 index points, that figure dropped to 274 in September of that year. The price of softwood veneer and plywood in the United States has also followed a similar trend.

The price of lumber has seen both an overall increase, and large amounts of volatility since 2019. From its low in early April 2020 to its peak in May 2021, the price per 1,000 board feet of lumber increased almost sevenfold, reaching ***** U.S. dollars. Yet, after reaching this peak the price then fell to below *** U.S. dollars per 1,000 board feet in August 2021 before rising again to reach over 1,000 U.S. dollars in the beginning of 2022. Since then, the price per 1,000 board feet of lumber decreased overall, reaching *** U.S. dollars as of January 29, 2025.

According to Cognitive Market Research, the global Pine Wood market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.70% from 2024 to 2031.

North America held the major market, accounting for more than 40% of global revenue. With a market size of USD XX million in 2024, it will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7 % from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and was USD XX million in 2024, growing at a compound annual growth rate (CAGR) of 4.1 % from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
The Furniture segment had the largest share in the global Pine Wood market by application.

Market Dynamics of Pine Wood Market

Key Drivers of Pine Wood Market

High Demand in Furniture and Interior Design: Pine wood is extensively utilized in the production of furniture, cabinetry, and paneling owing to its ease of work, attractive grain pattern, and cost-effectiveness. The global surge in home decor and DIY initiatives has led to a notable increase in demand for pine-based products from both interior designers and consumers.

Sustainable and Renewable Resource Appeal: In light of rising environmental concerns, the classification of pine wood as a fast-growing, renewable, and sustainably sourced timber renders it appealing to eco-conscious consumers. Certifications such as FSC and PEFC further enhance its acceptance in green building projects and sustainable product lines within the construction and manufacturing industries.

Growth in Construction and Packaging Applications: Pine wood is widely employed in structural framing, flooring, pallets, and crates. The rapid growth of construction activities in developing areas, coupled with the rising global trade that necessitates durable packaging, underscores the continued relevance of pine wood due to its structural integrity and availability in these industrial sectors.

Key Restraint Of Pine Wood Market

Susceptibility to Decay and Termites: As a softwood, pine wood is vulnerable to insect infestations and decay, particularly in humid conditions. This vulnerability restricts its use in outdoor and long-term structural applications unless it undergoes chemical treatment, which increases processing costs and raises concerns regarding the environmental and health implications of such preservatives.

Volatile Timber Pricing and Supply Chain Disruptions: Variations in timber supply caused by wildfires, pest infestations (such as pine beetles), and trade limitations have led to price volatility. Furthermore, transportation and export regulations impact availability, rendering pine wood a less reliable option for manufacturers who require a steady supply in bulk.

Competition from Engineered and Alternative Materials: Pine wood faces competition from engineered woods such as MDF and plywood, along with materials like plastic, aluminum, and composites. These alternatives frequently provide enhanced durability or fire resistance and are being increasingly utilized in industries that prioritize low-maintenance or more resilient solutions.

Key Trends Of Pine Wood Market

Rise in Thermally Modified Pine Wood: Thermal modification enhances the durability, moisture resistance, and lifespan of pine wood, rendering it suitable for outdoor and architectural applications. This trend is on the rise, particularly in Europe and North America, where consumers are in search of natural yet enduring wood alternatives that do not require extensive chemical treatments.

Integration in Modular and Prefabricated Construction: Pine wood is becoming increasingly popular in modular buildings and prefabricated housing due to its lightweight nature, aesthetic appeal, and ease of cutting. Its application in quick-assembly structures corresponds with the growing demand for affordable and sustainable housing and commercial space devel...

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPU081) from Jan 1926 to Sep 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

The Japanese preservative-treated rough wood market dropped to $128M in 2024, reducing by -4.1% against the previous year. Over the period under review, consumption saw a mild downturn. Over the period under review, the market attained the peak level at $149M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

Global Reclaimed Lumber Market size was valued at $54.46 billion in 2023 and is projected to reach $78.24 billion by 2032, at a CAGR of 4.23%.

The wood chipper market is worth USD 447.1 Million in 2023 and will reach USD 462.3 Million by 2024, and hence the wood chipper remains active across all the end-use regions in 2033 despite growth at a slow pace of 3.4% per year.

Semi-Annual Market Update for the Global Wood Chipper Industry

Country-wise Insights in the Global Chipping Machinery Sector

Category-wise Insights in the Wood Chipper Market

According to Cognitive Market Research, the global Laminated Veneer Lumber market size was USD 5621.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.20% 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 2248.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1686.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1292.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 281.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% 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 112.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
The Laminated Strand Lumbar category is the fastest growing segment of the Laminated Veneer Lumber industry

Market Dynamics of Laminated Veneer Lumber Market

Key Drivers for Laminated Veneer Lumber Market

Growing use in the construction industry to boost the market growth

With increased incomes and a growing population of people all over the world, new building work is increasingly being commissioned in residential, commercial, and infrastructural industries. One of the major reasons pushing demand for laminated veneer lumber is this. It takes less time to build compared to traditional materials such as bricks and concrete, which has the overall advantage on sales. It takes less time to put up and it contracts faster. In addition, the manufacture of LVL involves heavy-duty glue, which provides stability and strength as well as benefits such as waterproofing and resistance to rot, insects, and mold. The principal drivers of the growth of the construction industry are increased housing activity and increasing residential, non-residential, and infrastructural projects induced by urbanization and population growth. LVL is engineered wood where adhesives bond multiple layers of thin wood. Being an economical option, LVL products find extensive application in residential and commercial building. House beams, concrete formwork, scaffold boards, purlins, truss chords, and other construction materials are constructed of LVL. The demand for laminated veneer lumber is increasing as greater amounts of LVL are being utilized in residential and commercial building. Due to the fact that LVL possesses numerous beneficial structural properties, its application in the construction of large prefabricated buildings and unique wooden houses has increased.

In a January 2022 survey of the real estate sector, it was found that 89 percent of the people surveyed had a preference for luxury properties like vacation homes, urban apartments, and bungalows over high-end commercial property. Nonetheless, rapid industrialization and urbanization throughout the forecast period are key drivers for the worldwide business infrastructure.

Furthermore, it is expected that increasing investment infrastructure and refurbishment of existing project plants are other drivers pushing the laminated veneer lumber market revenue to grow.

Infrastructure Development and Rapid Urbanization to Boost Market Growth

Rapid urbanisation and infrastructure development are significant factors driving the laminated veneer lumber (LVL) market. The demand for sustainable and efficient construction materials is increasing as cities continue to expand and new urban areas are established. LVL is an optimal choice for a variety of construction applications, such as residential, commercial, and infrastructural projects, due to its exceptional dimensional precision, durability, and strength. Furthermore, the material's appeal is further enhanced by its lightweight nature and ease of installation, which reduce construction time and labour costs. Furthermore, LVL's market growth is facilitated by its environmental benefits, including a reduced carbon footprint and minimal waste production, as well as its resistance to rot, insects, and mould. These attributes resonate with the growing emphasis on...

The global laminated veneer lumber market attained a volume of 5116.80 Thousand CBM in 2024. The market is estimated to grow at a CAGR of 4.00% during 2025-2034 to reach a volume of 7574.11 Thousand CBM by 2034.

Forecast: Sawmilling and Planing of Wood Production Value in the UK 2024 - 2028 Discover more data with ReportLinker!

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Hardwood Market Size 2025-2029

The hardwood market size is valued to increase by USD 9.9 billion, at a CAGR of 4.6% from 2024 to 2029. Increasing residential and commercial construction activities will drive the hardwood market.

Market Insights

APAC dominated the market and accounted for a 72% growth during the 2025-2029.
By Application - Flooring segment was valued at USD 15.2 billion in 2023
By Type - Ash segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 47.63 million 
Market Future Opportunities 2024: USD 9897.00 million
CAGR from 2024 to 2029 : 4.6%

Market Summary

The market is a dynamic and global industry, driven by increasing residential and commercial construction activities. With a focus on sustainability and environmental concerns, the demand for hardwood has shifted towards responsibly sourced and certified materials. The emerging trend of remodeling and renovation projects also contributes significantly to market growth. Hardwood is a preferred choice for its durability, aesthetic appeal, and versatility. It is used extensively in various sectors, including furniture manufacturing, flooring, and construction. The global supply chain for hardwood is complex, involving numerous stakeholders, from forest owners and loggers to manufacturers, distributors, and retailers. Optimizing this supply chain is a significant challenge for businesses. Sustainability is a crucial factor, with green certifications and moisture barriers essential for indoor air quality solutions and formaldehyde emissions. The harvesting of hardwood from forests can lead to deforestation and loss of biodiversity.
Ensuring compliance with regulations, managing inventory levels, and maintaining quality standards are critical aspects of operational efficiency. For instance, a furniture manufacturer may face issues in sourcing raw materials on time, adhering to quality standards, and managing logistics to meet customer demand. In response, technology solutions like blockchain and IoT are being adopted to improve transparency, traceability, and efficiency in the hardwood supply chain. These technologies enable real-time monitoring of inventory levels, streamline logistics, and ensure compliance with regulations. By leveraging these technologies, businesses can enhance their competitive advantage, reduce costs, and improve customer satisfaction. In conclusion, the market is a global industry, driven by construction activities, sustainability concerns, and the trend of remodeling and renovation.
Businesses face challenges in optimizing their supply chains, ensuring compliance, and maintaining operational efficiency. Technology solutions like blockchain and IoT offer promising opportunities to address these challenges and enhance competitiveness.

What will be the size of the Hardwood Market during the forecast period?

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The market is a dynamic and ever-evolving global industry, with continuous shifts in trends and consumer preferences driving growth and innovation. According to recent studies, the market is experiencing a robust expansion, with a notable increase of 12% in demand for hardwood lumber over the past year. This growth can be attributed to various factors, including the increasing popularity of sustainable and eco-friendly building materials, as well as the rising demand for high-quality wood products in the furniture and construction sectors. Moreover, advancements in technology have led to improvements in wood processing techniques, such as termite resistance, kiln drying schedules, and microscopic wood analysis.
These innovations have not only enhanced the durability and functionality of hardwood products but also expanded their applications, making them a preferred choice for various industries. For businesses, these trends translate into significant opportunities for growth and strategic decision-making. For instance, companies can leverage the growing demand for sustainable hardwood products to enhance their brand image and attract eco-conscious consumers. Additionally, they can optimize their production processes to meet the increasing demand for high-quality wood products and stay competitive in the market. Overall, the market's continuous evolution presents both challenges and opportunities for businesses, making it an exciting and dynamic industry to watch.

Unpacking the Hardwood Market Landscape

The markets witness a significant distinction in production methods compared to laminate flooring, with the former relying on the intrinsic properties of wood, such as its cell structure, lignin content, and grain patterns. The strength of hardwood lumber is a key business consideration, with density measurements and moisture content analysis ensuring cost-effective production and compliance with industr

The Global Wood Preservatives Market size is expected to reach $2 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,029.29 hundred Tonnes, experiencing a growth of 19.2% (2020-2023). The North America region has wi