Global Reclaimed Lumber Market Analysis & Trends - Industry Forecast to 2030

Global Reclaimed Lumber Market Analysis & Trends - Industry Forecast to 2030

Reclaimed Lumber: Market Size

From $63.62 billion in 2024, the global Reclaimed Lumber market is projected to reach $93.36 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.6% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing inclination towards recycling, increasing environmental awareness, and rising provisions to deal with waste management-related issues.

Global Reclaimed Lumber Market: Market Dynamics
The use of these products in construction results in a reduction in the percent of materials being sent to landfills, there by facilitating significant reduction in environmental pollution. The rising cost of landfill spaces and state mandates to reduce the waste have encouraged the wood waste recovery strategies, leading to growth in recovered wood from deconstruction activities. Increasing use of reclaimed lumber in CLT products, rising inclination of architectures, developers, and engineers towards the tall wooden buildings to reduce the carbon footprint in the environment are expected to boost the product demand.

On the other hand, the limited source of raw material and the absence of quality control across emerging nations are likely to obstruct the profit boundaries. In addition, superior structural features, increasing need from end-use industries, and the growing interest in recycling will further boost for the Reclaimed Lumber market.

Impact of COVID-19 on Reclaimed Lumber
The worldwide crisis of COVID-19 has declined the construction industry as many of the ongoing infrastructure projects are either post-ponded or cancelled which has led to a million and billions of losses. The International Monetary Fund (IMF) forecasts that real gross domestic product (GDP) will shrink by around 3% worldwide, growing 5.9 percentage points less than the 2.9% growth in 2019. According to which United States will see mass layoffs in the construction sector as in many other industries and building ¬activity ¬in southern Europe is anticipated to contract by 60-70%. So, this has declined the construction industry and hence the reclaimed lumber market has restrained.

By Application

Furniture Segment Dominate the Market in 2024
The furniture segment made huge revenue in 2024 and growing its prominence during the forecast period. Reclaimed lumber furniture provides rustic and elegant look naturally without requiring using paints, stains, and other related chemicals to refine reclaimed wood furniture as this is the desired trendy look. Moreover, the reclaimed lumber furniture is gaining popularity as it offers unique, natural, rustic look or a vintage feel. Furniture made of reclaimed lumber is eco-friendly and is considered sustainable furniture. The durability is much higher, and the dense wood is stronger and will continue to last much longer than newly harvested wood. Additionally, the reclaimed lumber is also resistant to termites due to the hardness and density.

By Geography

North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to the growing housing sector and the growing responsiveness related to the green buildings. In addition, because of the increasing population, construction activities, the growing of the raw material accessibility and as reclaimed lumber does not comprise of the cutting forests, which benefits in the preserving of the wildlife species, the product is estimated to be in demand in the future, which in turn will further boost the growth of the reclaimed lumber market in the forecast period.

List of the Key Players Profiled in the Market Include:
• Altruwood
• Beam and Board, LLC
• Carpentier Hardwood Solutions, NV
• Elemental Republic
• Imondi Flooring
• Jarmak Corporation
• Olde Wood Ltd.
• TerraMai
• Trestlewood
• True American Grain Reclaimed Wood
• Vintage Timberworks, Inc.

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others