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2025 U.S. Industry Statistics & Market Forecast - Hardwood Veneer and Plywood Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Hardwood Veneer and Plywood Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Hardwood Veneer and Plywood Manufacturing industry include:- Growing demand for eco-friendly materials
- Technological advancements in veneer production
- Increased usage of renewable resources
- Rise in international trade and globalization
- Fluctuating wood prices
- Shift towards prefabricated construction components
- Stringent environmental regulations
- Competition from substitute products like engineered wood and laminates
- Increased focus on sustainable forestry practices
- Consumer preference for high-quality, aesthetic finishes
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Hardwood Veneer and Plywood Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Hardwood Veneer and Plywood Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Hardwood Veneer and Plywood Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 3% | Order at top of page |
||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 5% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Production Occupations | 52% | |||
| Assemblers and Fabricators | 20% | |||
| Miscellaneous Assemblers and Fabricators | 20% | |||
| Woodworkers | 17% | |||
| Woodworking Machine Setters, Operators, and Tenders | 15% | |||
| Sawing Machine Setters, Operators, and Tenders, Wood | 6% | |||
| Woodworking Machine Setters, Operators, and Tenders, Except Sawing | 9% | |||
| Other Production Occupations | 10% | |||
| Transportation and Material Moving Occupations | 18% | |||
| Material Moving Workers | 15% | |||
| Laborers and Material Movers | 10% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Hardwood Veneer and Plywood Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Hardwood Veneer and Plywood Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Hardwood Veneer and Plywood Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Hardwood Veneer and Plywood Manufacturing industry. |
Source:
Latest Industry News
- ChoiceWood closing hardwood facility, files WARN notice - ChoiceWood a Pennsylvania-based hardwood products manufacturing facility is closing, leaving 46 people out of work. (07/07/2025)
- Besse Forest Products Acquired by Hoffman Family of Companies - “Besse Forest Products Group, a manufacturer of Northern hardwood veneer, lumber, and specialty plywood, has supplied products for cabinets, doors, ?ooring, furniture, industrial pallets ... (07/06/2025)
- Besse Forest Products Closes Six Mills - Gladstone, MI, October 8, 2024-"Eight months after being acquired by an equity firm, Besse Forest Products Group, a long-time distributor of Northern hardwood veneer, lumber, and specialty plywood ... (07/03/2025)
- 50 Incredible DIY Home Projects - If you're looking to become a DIYer or if you've been a DIYer for years we've got an assortment of incredible DIY projects you can try. Check them out. (06/25/2025)
- Reimagining roots: highlights from Design Shanghai 2025 - The 12th edition of Design Shanghai (4-7 June 2025), the final one held at the site of the 2010 Shanghai World Expo before the event's anticipated return to the socialist-classici (06/24/2025)
- 1926 Seaside beach house, the summer home of one of Oregon’s richest men, is for sale at $2.5M - Thomas J. Autzen, who lived from 1888 to 1958, spared no expense here or with his Portland mansions. His 1917 “starter” home, a Dutch Colonial in North Portland’s Cathedral Park neighborhood and a 1927 Tudor Revival-style house in Northeast Portland’s Alameda neighborhood were filled with crafted hardwood floors and molding. (06/22/2025)
- Confused About Plywood, MDF, & Melamine? We Tell You How And When To Use Them - MSN - Plywood with hardwood veneer is used for making furniture or kitchen cabinets for the home. Regardless of the type, plywood is lighter than the other two options here, and stronger over a span. (06/22/2025)
- European Commission targets Chinese hardwood plywood with anti-dumping tariff - CNBCTV18 - During the investigation, the EC analysed China’s economic model, the government’s influence in both state and private investment and government policies for the hardwood plywood sector. The agency found that government interventions described in relation to the allocation of capital, land, labour, energy and raw materials are present throughout China. Therefore, the commission concluded ... (06/12/2025)
- Petition Summary: Hardwood and Decorative Plywood from Indonesia, the People’s Republic of China, and the Socialist Republic of Vietnam - On May 22, 2025, the Coalition for Fair Trade in Hardwood Plywood (the “Coalition” or “Petitioner”), filed a petition for the imposition (05/22/2025)
- How To Coordinate Engineered Hardwood And Vinyl Flooring In The Same Space - According to an expert, you may struggle to match engineered hardwood to vinyl both in terms of appearance and height. Here's how to tackle this challenge. (05/15/2025)
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