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.
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Fact.MR’s latest study projects the global timber frame market size to increase at a CAGR of 7.1% to lead to a valuation of US$ 1.12 billion by 2034-end, up from US$ 562.3 million in 2024.
Report Attributes | Details |
---|---|
Timber Frame Market Size (2024E) | US$ 562.3 Million |
Projected Market Value (2034F) | US$ 1.12 Billion |
Global Market Growth Rate (2024 to 2034) | 7.1% CAGR |
China Market Value (2034F) | US$ 122.5 Million |
Canada Market Growth Rate (2024 to 2034) | 7.6% CAGR |
North America Market Share (2024E) | 23.9% |
East Asia Market Value (2034F) | US$ 257.9 Million |
Key Companies Profiled |
|
Country-wise Insights
Attribute | United States |
---|---|
Segment Value (2024E) | US$ 59.8 Million |
Growth Rate (2024 to 2034) | 7.5% CAGR |
Projected Value (2034F) | US$ 123.7 Million |
Attribute | Japan |
---|---|
Segment Value (2024E) | US$ 36.4 Million |
Growth Rate (2024 to 2034) | 7.6% CAGR |
Projected Value (2034F) | US$ 75.8 Million |
Category-wise Insights
Attribute | Pine Timber |
---|---|
Segment Value (2024E) | US$ 138.3 Million |
Growth Rate (2024 to 2034) | 6.7% CAGR |
Projected Value (2034F) | US$ 265.7 Million |
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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.