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 Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Middle East & North Africa Timber Market 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.
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 growt
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 –
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Geographical Analysis: Middle East & North Africa Timber
By Country
The UAE
Saudi Arabia
Qatar
Oman
Kuwait
Iran
Iraq
Yemen
Jordan
Israel
Syria
Lebanon
Egypt
Rest of Middle East & Africa
Middle East & North Africa Timber Market Share & Competitive Landscape:
The Middle East & North Africa Timber Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Middle East & North Africa Timber Market are:
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
Questions Addressed in this Study
1.What factors are driving the Middle East & North Africa Timber Market growth?
2.How is the Middle East & North Africa Timber Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East & North Africa Timber Market?
4.What is the current size of the Middle East & North Africa Timber Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East & North Africa Timber Market in terms of technological advancements and market expansion?
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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 & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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