research
AnythingResearch
Industry Data & Market Research
AnythingResearch

2024 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
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
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Hardwood Veneer & Plywood Manufacturing industry is facing several major trends that are affecting its market growth, profitability, and competitiveness. These trends are driven by shifts in consumer preferences, technological advancements, regulatory changes, and globalization.

Firstly, the industry is experiencing a growing demand for eco-friendly, sustainable, and renewable products. Consumers are increasingly concerned about the environmental impact of the manufacturing process and are looking for products that use natural and recycled materials. As such, many manufacturers are investing in sustainable sourcing, recycling programs, and energy-efficient equipment.

Secondly, there is a rising demand for high-quality, customized hardwood veneer and plywood products that cater to specific design requirements. This trend is driven by the growing popularity of indoor and outdoor design projects, such as furniture, flooring, and decorative wall panels. Manufacturers are investing in advanced machinery and software to create complex designs and patterns that satisfy customers' demands.

Thirdly, there is a shift towards digitalization and automation of the manufacturing process, which improves efficiency, reduces costs, and enhances product quality. Manufacturers are adopting technologies such as CNC machinery, robots, software systems for process control and monitoring, and artificial intelligence.

Lastly, the industry is facing increasing competition from importers who exploit economies of scale and low labor costs to offer cheaper products to consumers. To remain competitive, manufacturers must focus on product innovation, cost optimization, and customer service to differentiate themselves in the market.



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.

U.S. map by state

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
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
 
Source: AnythingResearch Analysis of U.S. federal statistics




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 RatiosIndustry 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.
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).
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.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

Order at top of page
General and Operations Managers2%
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%
Source: Bureau of Labor Statistics


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:
IncFact


Government Contracts

In 2022, the federal government spent a total of $6,149,468 on Hardwood Veneer and Plywood Manufacturing. It has awarded 138 contracts to 15 companies, with an average value of $409,965 per company.   

Most Recent Contracts Date Total Award Amount




Related Reports

Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

Industries Related to Hardwood Veneer and Plywood Manufacturing