Getting board: Residential and commercial construction activity has stimulated demand

The Veneer Sheet and Wood-Based Panel Manufacturing industry produces veneer sheets, wood panels and plywood products used in construction and joinery and to make furniture. The industry comprises a few large players operating alongside several small and medium-size businesses. Over the five years through 2018-19, industry revenue is expected to grow at a compound annual rate of 3.5%. Residential and commercial building construction activity and increases in furniture manufacturing activity stimulated demand for products manufactured by industry operators. Firms increased selling prices in order to pass some of the burden of rising input costs on to customers, which contributed to industry more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Competition from substitutes, imports and weak export sales have limited growth
  • An ageing housing stock has supported growth in demand from the residential market
  • Housing repairs and maintenance are expected to account for an increasing share of revenue
  • Industry Report - Industry Products Chapter

    Particle boardParticle board is the most widely used wood-based panel product sold in the United Kingdom and has a variety of applications, including in flooring for housing and commercial buildings, shelving, furniture components, door and other joinery manufacture. Particle board is commonly made from softwood chips, which are dried and bonded with an adhesive resin. The chips form mats that are compressed and cured into a wood panel. The finished panels are sanded and cut to size and are often treated with laminates or veneers. The product has notable cost advantages over alternatives, such as solid timber flooring and joinery products. Thi...purchase to read more.

    Additional Insights for the Veneer Sheet & Wood-Based Panel Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veneer Sheet & Wood-Based Panel Manufacturing Industry are

  • Production of premium goods/services
  • Control of distribution arrangements
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from furniture, lighting and homeware retailers in the Veneer Sheet & Wood-Based Panel Manufacturing industry impact industry performance..

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    What's in this report

    What is the Veneer Sheet & Wood-Based Panel Manufacturing Industry?

    Firms in this industry manufacture veneer sheets, wood panels and plywood products used for construction and joinery, and to make furniture.

    Industry Products
  • Particle board
  • Medium-density fibreboard
  • Oriented strand board
  • Veneer and plywood
  • Industry Activities
  • Veneer sheet
  • Plywood, veneer panel, laminated wood board and sheet
  • Oriented strand board and other particle board
  • Medium-density fibreboard and other fibreboard
  • Densified wood
  • Glue-laminated wood and laminated veneer wood
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from furniture, lighting and homeware retailers
  • Demand from commercial building construction
  • Real private consumption expenditure
  • Timber price index

  • Current Performance
  • Residential construction
  • Home renovation
  • Non-residential construction
  • International trade
  • Slowing growth
  • Market structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Potential challenges
  • Market structure and profit
  • Table: Veneer Sheet & Wood-Based Panel Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veneer Sheet & Wood-Based Panel Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Office & Shop Furniture Manufacturing
  • Kitchen Furniture Manufacturing
  • Commercial Building Construction
  • Residential Building Construction

  • Key Selling Industries
  • Electricity, Gas, Steam and Air Conditioning Supply
  • Forestry & Logging
  • Other Intermediate Product Wholesaling
  • Other Machinery and Equipment Wholesaling
  • Primary Form Plastics Manufacturing
  • Sawmilling & Wood Planing

  • Products & Services
  • Particle board
  • Medium-density fibreboard
  • Veneer and plywood
  • Oriented strand board
  • Chart: Veneer Sheet & Wood-Based Panel Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Downstream activity
  • Real private consumption
  • Substitutes

  • Major Markets
  • Residential building construction
  • Furniture manufacturers
  • Non-residential building construction
  • Retail, wholesale and renovation
  • Other
  • Chart: Major Market Segmentation for the Veneer Sheet & Wood-Based Panel Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Utilities and rent
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Veneer Sheet & Wood-Based Panel Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veneer Sheet & Wood-Based Panel Manufacturing Industry

  • Industry Globalization
    Norbord Europe Limited, Egger (UK) Ltd, Kronospan Limited,
  • Table: Norbord Europe Limited - financial performance
  • Table: Egger (UK) Ltd - financial performance
  • Table: Kronospan Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Veneer Sheet & Wood-Based Panel Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Veneer Sheet & Wood-Based Panel Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • An engineered wood product made from combining wood fibres, resins and adhesive agents. Common types include particle board, medium-density fibreboard and hardboard.
  • Medium-Density Fibreboard (Mdf)
  • Made by applying high heat and pressure to a mixture of softwood and wood fibres mixed with a resin.
  • Oriented Strand Board (Osb)
  • Produced by layering strands or flakes of wood across various orientations and then compressing with wax and resin.
  • Particle Board
  • Also called chipboard. This is made from woodchips and shavings that are mixed with a resin and pressed under pressure.
  • Plywood
  • An engineered wood consisting of thin sheets of wood veneer layered to varying thicknesses to increase strength. Plywood is widely used for its flexibility and strength.
  • Sarking
  • Boarding or building felt fixed over the rafters of a roof before the tiles or slates are added.
  • Veneer
  • Thinly sliced pieces of wood that are glued to fibreboard panels.
  • What Our Customers Say

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    IBISWorld’s Veneer Sheet & Wood-Based Panel Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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    This report on Veneer Sheet & Wood-Based Panel Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Veneer Sheet & Wood-Based Panel Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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