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Cross Laminated Timber Market Share

Report ID: GMI4096
Published Date: Dec 2024
Report Format: PDF

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Cross Laminated Timber Market Share

In 2023, key companies like Binderholz, Brettstapel, Hasslacher Norica Timber, Katerra, KLH Massivholz, Lignotrend, Mayr-Melnhof Holz and Nordic Structures held a combined market share of 5%-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.

Cross Laminated Timber Market Companies

Major players operating in the cross laminated timber industry are:

Binderholz
Brettstapel
Hasslacher Norica Timber
Katerra
KLH Massivholz
Lignotrend
Mayr-Melnhof Holz
Nordic Structures
Schilliger Holz
Stora Enso
UFP Industries
Weber Beam & Engineering
Wood Horizon
XLam
Züblin Timber

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for cross laminated timber was valued at USD 1.3 billion in 2023 and is projected to reach USD 2.7 billion by 2032, driven by a CAGR of over 8.2% from 2024 to 2032.

The spruce segment accounted for approximately USD 1.1 billion in revenue in 2023 and is estimated to grow at a CAGR of around 8.1% from 2024 to 2032, driven by its excellent strength-to-weight ratio and sustainability.

The North America market, led by the U.S., generated around 67% of the market share in 2023, driven by government-backed incentives and funding programs supporting sustainable construction practices.

Major players in the industry include Binderholz, Brettstapel, Hasslacher Norica Timber, Katerra, KLH Massivholz, Lignotrend, Mayr-Melnhof Holz, Nordic Structures, Schilliger Holz, and Stora Enso.