New Zealand Cross Laminated Timber Market Size & Outlook
New Zealand cross laminated timber market, 2018-2030 (US$M)
Related Markets
New Zealand cross laminated timber market highlights
- The New Zealand cross laminated timber market generated a revenue of USD 20.9 million in 2022 and is expected to reach USD 51.0 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 11.8% 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 20.9 million |
| Market revenue in 2030 | USD 51.0 million |
| Growth rate | 11.8% (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, New Zealand accounted for 1.8% 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 Asia Pacific, China cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 60.4 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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New Zealand 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 89.95% in 2022. Horizon Databook has segmented the New Zealand 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 construction industry in New Zealand has witnessed moderate growth in the past few years on account of the steady growth of the commercial sector. Also, industrial operations in the country have been stagnant over the past and are anticipated to grow at a slower pace over the forecast period.
Thus, creating a limited scope for the construction of new buildings. However, the renovation of existing structures is projected to support the growth of the flooring market in the country. Over the next four years, the Government of New Zealand is expected to invest a total of USD 2.1 billion in the climate emergency response in the country.
Plans for the development of affordable housing units in New Zealand, along with the Green Investment Finance, are expected to contribute to the growth of the construction industry in the country.
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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 New Zealand cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into New Zealand cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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New Zealand cross laminated timber market size, by product, 2018-2030 (US$M)
New Zealand Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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