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The demand for timber logistics industry is driven by the expanding construction industry across the globe. With a rising number of infrastructure projects, the demand for timber as a versatile building material grows among its end users. For instance, according to the U.S. Census Bureau's June 2024 report, total construction activity for May 2024 was valued at USD 2.13 trillion.
Additionally, to manage higher volumes and ensure timely distribution of timber to construction sites market players are focusing on enhancing the logistic process. This involves optimizing transportation networks, adopting advanced tracking technologies, and enhancing warehouse capabilities. Adopting advanced tracking technologies such as GPS and RFID helps in real-time monitoring of shipments, reducing losses and delays. These measures are crucial for keeping pace with the growing demand and maintaining the efficiency of timber logistics operations.
DHL, Maersk, Kuehne + Nagel International AG, DSV Global, DB Schenker, C.H. Robinson, FedEx, DFDS Seaways, Ponsse PLC, and Tembec Inc.
North America market accounted for 35% revenue share in 2023, driven by the robust construction, furniture, and paper industries in the U.S. and Canada.
The roadway segment in the timber logistics industry held 40% revenue share in 2023, owing to its flexibility, cost-effectiveness, and ability to reach remote areas.
The market size of timber logistics reached USD 19.9 billion in 2023 and is set to register over 4.5% CAGR between 2024 and 2032, due to increasing demand for sustainable building materials.