Call for “Grace” and “Beautification” to drive the Massive Wood Slabs Market

As per a report available on XploreMR, the global massive wood slabs market will take a successful leap between 2020 and 2030.

The massive wood slabs market is driven by an ever-increasing demand for wooden furniture owing to several benefits offered on its part, like better aesthetics and durability in comparison with metal furniture. The current trend is such that customers go for customized furniture, as it lets them embellish their homes as well as offices as per their requirements. Massive wood slabs are being preferred as they can give the desired texture along with moisture content in the furniture.

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Due to popularity of wooden furniture growing all across the developed regions, saw mill owners/manufacturers are bringing wood slabs to the fore with various wood species. The companies are, in fact, emphasizing on having their massive wood slabs offerings maximized.

Rosewood and mahogany are amongst the popular types of wood used in wood slabs market.

Moreover, e-Commerce sales channel is influencing wood industry at a large scale. The developed countries are either into establishment of their own e-Commerce sites or have showcased their products on the other e-Commerce portals. For example – KC Custom Hardwoods has come up with e-Commerce website of its own to sell its massive wood slabs across the other countries.

On the other hand, The Lumber Shack has entered into a tie-up with an e-Commerce site of international repute to sell its products. Research states that the fastest growth is expected to be witnessed by timber online stores sales channel.

Covid-19 Impact

The outbreak of Covid-19 has resulted in the derailment of almost the entire world. Every industry has been affected, and massive wood slabs are no exception. The saw mills have been partially/totally shut down or downscaled their operations in the wake of this pandemic. Even the demand from consumers has declined as economic downturn has compelled them to prioritize the things. Job losses, pay cuts have forced people to keep aesthetics and house adornments at the backburner. This trend is expected to continue till the Covid-19 vaccine is in place (mid-2021).

Region-wise Snapshot

The global massive wood slabs market spans Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), North America (Canada, US), Eastern Europe (Russia and Poland), Latin America (Chile, Peru, Brazil, Mexico, and others), and Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC).

North America and Europe collectively account for more than 55% of market share. Enhanced lifestyle and higher per capita income are the reasons for this contribution. Asia-Pacific is slowly catching up. The forecast period is likely to witness lumbering businesses having their focus shifted to this region.

Competitive Landscape

The key players in the massive wood slabs market include Everhart Lumber Company, Advantage Lumber, and Herman Furniture. They are found to expand their in-house capabilities, particularly in the developed countries. The potential is tested by having targeted niche consumers on organic irregularities.

The “premiumization” trend is being capitalized on. Hand-select local trees are being chosen for making massive wood slabs. The players are into consolidation of their market position by using massive wood slabs to make vintage and handmade items. Likewise, the market is poised to witness the entry of new players with scope for wooden showpieces and toys increasing day after day.