PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570601
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570601
Timber Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Timber Logistics Market was valued at USD 19.9 billion in 2023 and is projected to grow at a CAGR of over 4.5% from 2024 to 2032, driven by a rising demand for sustainable building materials. As the construction sector increasingly embraces eco-friendly practices, the demand for timber is surging, thanks to its renewable nature and reduced carbon footprint. This trend is further bolstered by new government policies and initiatives.
For example, in December 2023, The Department for Environment, Food and Rural Affairs (Defra) rolled out policies in England to promote timber use in construction. Through this initiative, the government aims to cut embodied carbon in new buildings by 2025. Moreover, enhanced logistics operations, including optimized route planning and advanced warehousing solutions, play a pivotal role in meeting this surging demand while upholding sustainability objectives.
The global expansion of the construction industry is also fueling the demand for timber logistics. As infrastructure projects proliferate, end users increasingly turn to timber for its versatility. For instance, the U.S. Census Bureau reported that the total construction activity was valued at USD 2.13 trillion in May 2024.
The overall industry is divided into service, timber, mode of transportation, application, and region.
The market categorizes transportation modes into railway, roadway, and waterway. The roadway segment dominated with over 40% share in 2023, attributed to its flexibility, cost-effectiveness, and reach to remote areas. Furthermore, as industries like construction, furniture, and paper ramp up their timber needs, the demand for efficient logistics solutions intensifies. Enhancements to road networks further streamline timber transportation.
Timber logistics applications span construction, furniture, paper and pulp, among others. The construction segment generated a notable USD 8.6 billion in market revenue in 2023. Efficient transportation from forests to construction sites underscores the adoption of timber logistics role in construction. The growing emphasis on sustainable practices further amplifies timber's appeal as a renewable resource.
North America commanded a notable 35% revenue share of the timber logistics market in 2023. The U.S. and Canada, buoyed by strong construction, furniture, and paper industries, are driving this market growth. Companies are ramping up operations to cater to the surging timber demand. For instance, in March 2024, Weyerhaeuser unveiled plans to expand its logistics fleet, aiming to boost timber transportation efficiency across the U.S. and Canada, thereby shortening delivery times and bolstering supply chain reliability.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definition
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Timber suppliers
- 3.2.2 Logistics companies
- 3.2.3 Regulatory bodies
- 3.2.4 End-user
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing demand for timber and wood products
- 3.8.1.2 Growing emphasis on sustainability and responsible sourcing
- 3.8.1.3 Advancements in transportation and logistics technologies
- 3.8.1.4 Expansion of the global construction and furniture industries
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Environmental regulations and deforestation concerns
- 3.8.2.2 Infrastructure challenges in remote forest areas
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Service, 2021 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Transportation
- 5.3 Warehousing and storage
- 5.4 Inventory management
- 5.5 Customs clearance and documentation
- 5.6 Value-added services
Chapter 6 Market Estimates and Forecast, By Timber, 2021 - 2032 ($Bn, 000' tons)
- 6.1 Key trends
- 6.2 Industrial roundwood
- 6.3 Fuelwood
- 6.4 Sawn Timber
- 6.5 Wood Pellets
Chapter 7 Market Estimates and Forecast, By Mode of Transportation, 2021 - 2032 ($Bn, 000' tons)
- 7.1 Key trends
- 7.2 Railway
- 7.3 Roadway
- 7.4 Waterway
Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032 ($Bn, 000' tons)
- 8.1 Key trends
- 8.2 Construction
- 8.3 Furniture
- 8.4 Paper and Pulp
- 8.5 Others
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, 000' tons)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Netherlands
- 9.3.7 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 C.H. Robinson
- 10.2 Dachser
- 10.3 DB Schenker
- 10.4 DFDS Seaways
- 10.5 DHL
- 10.6 DSV Global
- 10.7 FedEx
- 10.8 GEODIS
- 10.9 Kuehne + Nagel International AG
- 10.10 Maersk
- 10.11 Menon
- 10.12 Mitsui O.S.K. Lines
- 10.13 Papuan Forest Industries
- 10.14 Ponsse PLC
- 10.15 Rabben Transport Group
- 10.16 Sinotrans
- 10.17 Stora Enso
- 10.18 Suzano
- 10.19 Tembec Inc.
- 10.20 Wise Logistics
