MarkNtel Advisors recently published a detailed industry analysis of the Middle East & North Africa Timber Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Middle East & North Africa Timber, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Middle East & North Africa Timber Market size is valued at USD 2.87 billion in 2024 & is projected to grow at a CAGR of around 9.49% during the forecast period, i.e., 2023-28.
Key Findings in Middle East & North Africa Timber Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- Key Players [Interpro Wood Industries LLC , International Timber Company - ITCO, Al Qarib Wood Industry LLC, Starwood Orman Urunleri Sanayi A.S., ARA Timber, Danzer, Others],
Key Suppliers [United Trading and Supply, Saleh International LLC, Vinawood Development and Investment Company Limited, Sunrise Plex, UNI4 Marketing AB, Others]
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Middle East & North Africa Timber industry?
Rising Construction of Commercial Building to Escalate the Demand for Timber - Due to rising commercial building construction activities such as 5- & 7-star hotels, resorts, etc., in the countries like the UAE, Saudi Arabia, Oman, Egypt, and others, timber has been in considerable demand since the past period. The vital usage of it in building construction, such as windows, doors, etc., has magnified its requirement in the Middle East & North Africa region. Furthermore, the accelerating tourism in the regional countries has led to the construction of commercial buildings like lavish hotels, retail malls, resorts, etc. Besides, the governments of the countries have been extensively involved in boosting tourism by establishing recreational hubs, luxurious malls, and many more, as well as also by preserving & maintaining historical monuments & cultural heritage sites by renovating them.
Thus, the growing commercial building construction activities in the region are anticipated to drive the demand for timber in the region during the forecast period. Along with this, the benefits, including enhancement in seismic building performance of timber-concrete hybrid tall buildings, would also positively impact the demand for timber in the region, thus influencing the Middle East & North Africa Timber market growth.
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What segments define the Middle East & North Africa Timber Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product Type
- Softwoods
- Fir
- Pine
- Cedar
- Redwood lumber
- Hemlock wood
- Spruce
- Hardwoods
- Bamboo
- Oak
- Cherry
- Walnut
- Birch
- Mahogany
- Others (Ashwood, Balsa Wood, etc.)
- Engineered Wood
- Chipboard
- Plywood
- Laminated veneer
- Cross-laminated timber
- Others (Medium-density fibreboard, Oriented strand board, etc.)
According to report, Here, Engineered Wood acquired a prominent share in the Middle East & North Africa Timber market during 2018-22.
By Application Type
- Cable Drums
- Window Frames
- Furniture
- Pallets & Boxes
- Others (Skids, Crane Mats, etc.)
According to report, Furniture & Window Frames acquired a significant share in the Middle East & North Africa Timber market during the historical period.
Explore the Complete Middle East & North Africa Timber Market Analysis Report – https://www.marknteladvisors.com/research-library/mena-timber-market.html
Geographical Analysis: Middle East & North Africa Timber Market
By Country
- The UAE
- Saudi Arabia
- Qatar
- Oman
- Kuwait
- Iran
- Iraq
- Yemen
- Jordan
- Israel
- Syria
- Lebanon
- Egypt
- Rest of Middle East & Africa
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Middle East & North Africa Timber?
- How is the Middle East & North Africa Timber expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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