Lumber Wholesaling in the US - Industry Market Research Report

Lumber Wholesaling in the US - Industry Market Research Report

Lumber Wholesaling in the US

The Lumber Wholesaling industry has grown at a CAGR of 7.9% to $175.7 billion over the five years to 2023. Improved downstream demand has pushed lumber prices up, raising selling prices and bolstering revenue. With interest rates declining to near zero in 2020 due to the COVID-19 pandemic, residential construction has boomed. Trade challenges have also created a shortage of supply, pushing lumber prices to 19.3% in 2020 and 36.3% in 2021. With the uptick in housing starts and a rise in sawmill lumber prices, industry revenue to rose in 2020 and has skyrocketed since 2021. However, the sharp rise in interest rates since the middle of 2022 has reduced housing demand and will result in a 10.4% decline in industry revenue in 2023.

This industry distributes a range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores and hardware stores. The industry does not include wholesalers that distribute nonwood roofing and siding materials, nor does it include establishments that distribute timber and timber products, such as railroad ties, logs, firewood and pulpwood. However, it does include distributors of nonwood doors, windows and frames and distributors of metal millwork.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.