Summary
Wood Panelling Manufacturing in Canada
While domestic construction markets are a significant source of industry demand, over half of the industry’s revenue stems from exports to the United States, and as a result, industry performance is closely tied to the health of the housing markets in both countries. Over the five years to 2019, industry revenue is expected to grow. Over the past five years, Canadian housing starts have been volatile, with growth during the first half of the reporting period counteracted during the second half by rising interest rates and high household debt levels that have caused housing starts to slow. However, the industry’s strong growth has been underpinned by rapidly growing construction markets in the United States, where housing starts grew rapidly. Over the five years to 2024, industry revenue is projected to slow. Demand from Canadian construction markets is expected to be slightly slower than in previous years, as rising interest rates and overbuilding in recent years will cool domestic residential construction markets. Further, while the US is forecast to continue to experience growth in residential markets, this growth is forecast to be slower than during the previous reporting period.
The Wood Panelling Manufacturing industry in Canada manufactures veneer or plywood, engineered wood or reconstituted wood products. The industry does not include companies that primarily engage in sawmilling or wood preservation, nor does it include companies that primarily produce dimensions stock.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
