Summary

In the context of the kingdom's changing building environment, Saudi Arabia's engineered wood market represents the meeting point of tradition and modernity. The use of engineered wood has been steadily increasing in Saudi Arabia, a country renowned for its extensive deserts, ambitious urban development projects, and rich cultural legacy. This has changed the country's building and design industries. The increasing use of engineered wood products is in line with Saudi Arabia's desire for innovation in the building industry. The robustness, adaptability, and design freedom of the products support the kingdom's ambitious architectural projects, such as the futuristic metropolis of Neom and the well-known Riyadh Metro project. The use of engineered wood in these impressive constructions emphasizes how important a part it played in forming the architectural environment of the kingdom. It's interesting to note that Saudi Arabia's building sector aims to protect the country's cultural legacy in addition to contemporary urban projects. Considering engineered wood products can replicate the appearance of genuine wood and can be tailored to traditional designs, they are useful for restoring and maintaining historical buildings all across the kingdom. The kingdom's dedication to environmental conservation and sustainability has helped the engineered wood sector flourish. Saudi Arabia's Vision 2030 places a strong emphasis on sustainability in building, and sustainably sourced and environmentally friendly engineered wood is in line with these goals. The kingdom's embracement of green building techniques has increased the need for engineered wood, which by its very nature provides eco-friendly alternatives.

According to the research report "Saudi Arabia Engineered Wood Market Overview, 2029," published by Bonafide Research, the Saudi Arabia Engineered Wood market is predicted to reach market size of more than USD 2 Billion by 2029. The Saudi Arabian engineered wood market has grown as a result of technological improvements. Specialized versions, like moisture- and fire-resistant engineered wood products, have been produced to meet the unique requirements of the kingdom's strict safety regulations and diverse climate. Green building techniques and sustainability are prioritized in Saudi Arabia's Vision 2030. Engineered wood is an essential component of the construction industry's evolution when it is produced in an environmentally responsible manner and is supplied sustainably. This aligns with the kingdom's commitment to sustainable development. The kingdom's varied climate, which ranges from coastal to desert regions, poses unique problems for building materials. In response, producers of engineered wood have created specialty versions, such as items that are fire-retardant and resistant to moisture, to meet the particular climate requirements of the kingdom. The use of engineered wood has been encouraged by government-led initiatives that support sustainable construction methods and adherence to international standards. The building industry is encouraged to use ecologically friendly materials, such as engineered wood, by means of supportive laws, legislation, and incentives. Building materials that can adapt to Saudi Arabia's changing needs are needed due to the country's fast urbanization and rising housing demand. Because of its efficiency in construction, engineered wood helps the kingdom meet its infrastructure obligations and manage the housing crisis. Saudi Arabian customers are showing a preference for ecologically friendly products as a result of their growing understanding of sustainable living and eco-friendly materials. Engineered wood fits well with this changing consumer perspective since it satisfies both environmental and functional needs.

The type segment of the market includes plywood, medium density fiberboard, oriented strand boards (OSB), particle board and others. Plywood product type is projected to play significant role in Saudi Arabia engineered wood market. Among its many uses in building, furniture design, interior decorating, and packaging, plywood is unique in its adaptability. In many facets of the Saudi Arabian economy, it is a favored option due to its versatility. A well-established distribution network makes plywood products easily accessible in the Saudi Arabian market. Owing to its accessibility and extensive availability, it may be found for a variety of projects, meeting the expectations of the construction sector. In the building sector, plywood is widely used for structural components such as roofing, floors, columns, and beams. One of the reasons it is preferred in construction applications is its track record of meeting structural requirements and adhering to building codes. Plywood's versatility in furniture design and construction is enhanced by its ease of shaping, cutting, and finishing. Its aesthetic adaptability satisfies the changing needs of Saudi Arabian architects and designers by enabling creative and aesthetically pleasing designs. Plywood's versatility in furniture design and construction is enhanced by its ease of shaping, cutting, and finishing. Its aesthetic adaptability satisfies the changing needs of Saudi Arabian architects and designers by enabling creative and aesthetically pleasing designs. Due to Saudi Arabia's varied climate, which includes both coastal and arid desert regions, materials must be able to resist a wide range of environmental conditions. As of its resistance to moisture, humidity, and temperature changes, plywood is a good material to use for building and making furniture in all parts of the kingdom.

Based on application segment market includes construction, furniture, flooring, packaging and others. Construction application to find major application for engineered wood in Saudi Arabia. Plywood, laminated veneer lumber (LVL), and oriented strand board (OSB) are examples of engineered wood products that have strong structural integrity. They satisfy the exacting specifications needed for load-bearing components in construction projects all throughout the kingdom. Because engineered wood materials are lightweight and manageable, construction projects can be completed more quickly. Their speedy project completion is made possible by their precision production and simplicity of installation, which boost efficiency. The utilization of engineered wood that comes from sustainably managed forests and is produced with eco-friendly methods is in line with Saudi Arabia's growing emphasis on sustainability. Engineered wood helps the monarchy achieve its goals for sustainable construction and green building. Based on end user segment market is divided into residential and commercial & industrial. Residential segment is projected to play pivotal role in development of Saudi Arabia engineered wood market. Modern, reasonably priced housing solutions are given priority in Saudi Arabia's residential sector. Engineered wood satisfies the need for visually appealing yet reasonably priced housing solutions because of its cost-effectiveness and adaptability to modern designs. Saudi Arabia is becoming a more urbanized country, which is driving up demand for residential real estate. Engineered wood satisfies construction criteria for housing projects around the kingdom by providing innovative and cost-effective options. As engineered wood is customizable and flexible in design, it can accommodate a wide range of household architectural tastes. It makes it possible to design interior spaces that are both aesthetically pleasing and useful, meeting the changing needs of developers and homeowners.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• Saudi Arabia Engineered Wood market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Plywood
• Medium Density Fiberboard
• Oriented Strand Boards (OSB)
• Particle Board
• Others

By Application:
• Construction
• Furniture
• Flooring
• Packaging
• Others

By End User:
• Residential
• Commercial & Industrial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Engineered Wood industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

ページTOPに戻る

Table of Contents