Italy Cross Laminated Timber Market Size & Outlook
Italy cross laminated timber market, 2018-2030 (US$M)
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Italy cross laminated timber market highlights
- The Italy cross laminated timber market generated a revenue of USD 49.6 million in 2022 and is expected to reach USD 162.2 million by 2030.
- The Italy market is expected to grow at a CAGR of 16% from 2023 to 2030.
- In terms of segment, adhesive bonded cross laminated timber was the largest revenue generating product in 2022.
- Mechanically Fastened Cross Laminated Timber is the most lucrative product segment registering the fastest growth during the forecast period.
Cross laminated timber market data book summary
| Market revenue in 2022 | USD 49.6 million |
| Market revenue in 2030 | USD 162.2 million |
| Growth rate | 16% (CAGR from 2022 to 2030) |
| Largest segment | Adhesive bonded cross laminated timber |
| Fastest growing segment | Mechanically Fastened Cross Laminated Timber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesive Bonded Cross Laminated Timber, Mechanically Fastened Cross Laminated Timber |
| Key market players worldwide | Stora Enso Oyj Ordinary Shares - Class R, Mayr-Melnhof Karton AG, Sterling Check Corp, Mercer International Inc, Binderholz, XLam, Schilliger Holz, KLH Massivholz, B&K Structures, SmartLam North America, Eugen Decker, Meiken Kogyo |
Other key industry trends
- In terms of revenue, Italy accounted for 4.2% of the global cross laminated timber market in 2022.
- Country-wise, Austria is expected to lead the global market in terms of revenue in 2030.
- In Europe, Austria cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 162.2 million by 2030.
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Cross Laminated Timber Market Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy cross laminated timber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cross laminated timber market will help companies and investors design strategic landscapes.
Adhesive bonded cross laminated timber was the largest segment with a revenue share of 88.31% in 2022. Horizon Databook has segmented the Italy cross laminated timber market based on adhesive bonded cross laminated timber, mechanically fastened cross laminated timber covering the revenue growth of each sub-segment from 2018 to 2030.
The commercial construction activities were bolstered after the impact of COVID-19 owing to government initiatives supported by the government’s efforts to revive the tourism industry. In addition, the government has also changed the policies for foreign direct investment in the manufacturing sector.
Also, the reduction of taxes on construction and renovation work carried out on private and commonly owned properties of the country is likely to positively affect the growth prospects of the construction industry. Thus, a rise in the consumption of wood products in the construction industry is projected to propel the growth of cross laminated timber market in Italy.
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Our clientele includes a mix of cross laminated timber market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into Italy cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy cross laminated timber market size, by product, 2018-2030 (US$M)
Italy Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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