NAICS 321213 - Engineered Wood Member (except Truss) Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing fabricated or laminated wood arches and/or other fabricated or laminated wood structural members.
Industry trends:
The Engineered Wood Member (except Truss) Manufacturing industry, designated as NAICS 321213, embraces considerable innovation and evolving trends. One significant trend is a growing emphasis on sustainability. Many manufacturers are adopting environmentally-friendly practices, from sourcing sustainably harvested wood to reducing waste and carbon footprints in production. This trend aligns with rising consumer demand and regulatory pressures for greener building materials.
Another notable trend is technological advancement. The integration of advanced manufacturing technologies, such as automated production lines, robotics, and digital twin simulations, is enhancing efficiency and product precision. These technologies not only improve production speed and quality but also help in customizing wood products to meet specific architectural requirements.
Market dynamics indicate an increasing preference for engineered wood over traditional solid wood due to its superior strength, versatility, and cost-effectiveness. This shift is further propelled by the construction sector's recovery and growth, particularly in residential and commercial building projects.
In terms of forecast, the industry is poised for moderate growth in the near future. The application of engineered wood in mass timber construction is expected to expand, driven by the material's sustainable attributes and performance benefits. However, the growth rate may be tempered by supply chain constraints, fluctuating raw material costs, and economic uncertainties. Overall, the outlook remains positive with a continued trend towards innovation, sustainability, and increased adoption in diverse construction projects.
This industry is comprised of:
Arches, glue laminated or pre-engineered wood, manufacturing
Fabricated structural wood members (except trusses) manufacturing
Finger joint lumber manufacturing
I-joists, wood, fabricating
Laminated structural wood members (except trusses) manufacturing
Laminated veneer lumber (LVL) manufacturing
Lumber, parallel strand, manufacturing
LVL (laminated veneer lumber) manufacturing
Parallel strand lumber manufacturing
Structural members, glue laminated or pre-engineered wood, manufacturing
Structural wood members (except trusses), fabricated, manufacturing
Timbers, structural, glue laminated or pre-engineered wood, manufacturing
Wood I-joists manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.