Research and Markets has announced the addition of the “U.S. Hardwood Veneer And Plywood Market – Analysis And Forecast to 2020” report to their offering.
The report provides an in-depth analysis of the U.S. hardwood veneer and plywood market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
From 2007 to 2015, U.S. hardwood veneer and plywood market showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next six years. Finally, the market value reached 4,848 million USD in 2015. An increase in U.S. hardwood veneer and plywood market was supported by the growth of the housing and commercial building sectors and, as a result, the furniture sectors increased as well. That upward trend is likely to continue in the medium term.
Strong employment is the driver of market growth, which creates new income growth and advances consumer spending.
Affordable credit creates another impetus, which propels investments in construction and supports related industries. The performance of the market is forecast to continue with moderate growth, with an anticipated CAGR of +2.6% for the five-year period from 2015 to 2020.
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