Global Glue Laminated Timber Market 2018-2022 | Focus on Forestry Management Drives Growth | Technavio
Sep. 11, 2018
LONDON--(BUSINESS WIRE)--Sep 11, 2018--The global glue laminated timber market is expected to post a CAGR of more than 5% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180911005784/en/
Technavio has published a new market research report on the global glue laminated timber market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the growth in real estate and construction industries. There has been an increase in office spaces, commercial complexes, and residential buildings due to the growth of the real estate industry across the globe. This has contributed to an increase in the demand for glue laminated timber that is widely used in construction and structural applications.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the focus on forestry management as one of the key emerging trends in the global glue laminated timber market:
Global glue laminated timber market: Focus on forestry management
Forestry management is an important part of the glue laminated timber business. Wood suppliers and vendors are concentrating on aligning their business activities to create suitable business models based on renewable solutions. Therefore, they are focusing on plantations as they offer low-cost production and self-sufficiency to the glue laminated timber industry.
“Many vendors in emerging countries such as China and Indonesia are concentrating on sustainable business models for growth since the focus on plantation management has become a key attribute of vendors operating in developing countries. The increasing emphasis on plantation and forestry management is expected to promote the demand for softwood and hardwood, which are the key raw materials for glue laminated timber,” says a senior analyst at Technavio for research on construction.
Global glue laminated timber market: Segmentation analysis
This market research report segments the global glue laminated timber market by application (residential and commercial) and geography (the Americas, APAC, and EMEA).
The residential segment held the largest market share in 2017, accounting for nearly 47% of the market. This application segment is expected to dominate the global market throughout the forecast period.
EMEA led the market in 2017 with approximately 43% of the market share, followed by the Americas and APAC respectively. EMEA is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005784/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING ENGINEERING OTHER MANUFACTURING CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 09/11/2018 03:28 PM/DISC: 09/11/2018 03:28 PM