Smooth finish: Revenue has grown steadily over the past five years, despite competitive pressures

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 2.3%. 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 growth...read more.

Industry Statistics & Market Size
Revenue
£1.2bn
Annual Growth 14-19
2.3%
Forecast Growth 19-24
Profit
Employment
4,732
Businesses
127

Industry Threats & Opportunities

  • The industry has recorded steady growth, despite strong competition from imports
  • UK homeowners spend significant sums annually on renovation activity, resulting in strong demand
  • Government spending pressures are expected to limit demand from the public sector
  • Industry Report - Industry Key Buyers Chapter

    The Veneer Sheet and Wood-Based Panel Manufacturing industry has a medium concentration of ownership, with the largest four players having a combined market share of 65.2% in 2018-19. However, the three largest players are considerably larger than other firms operating in the industry, with each having individual market shares of approximately 20%.The industry is characterised by a few large players operating alongside a large number of medium and small businesses. According to the Office for National Statistics, 45.8% of business employ fewer than 10 people, with only 8.4% of enterprises having more than 100 staff.Market share concentration has marginally declined over past five years, from 65.8% in 2013-14, to 65.2% in the current year. How...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
  • Renovation and maintenance
  • Other downstream demand
  • International trade
  • A thinner veneer
  • 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
  • Veneer and plywood
  • Medium-density fibreboard
  • 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
    ProfitPurchasesWagesUtilitiesDepreciation 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
    Egger (UK) Ltd, Norbord Europe Limited, Kronospan Limited,
  • Table: Egger (UK) Ltd - financial performance
  • Table: Norbord Europe Limited - 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
    Includes:
  • 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
    Fibreboard
  • 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

    Why buy this report?

    IBISWorld’s Veneer Sheet & Wood-Based Panel Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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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.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Veneer Sheet & Wood-Based Panel Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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