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.
Insights and Analysis of the Middle East & North Africa Timber Market (2023-2028)
The Middle East & North Africa Timber market size 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.
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What is driving the Middle East & North Africa Timber Market?
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.
What segments define the Middle East & North Africa Timber Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product Type
(Softwoods [Fir, Pine, Cedar, Redwood lumber, Hemlock wood, Spruce], Hardwoods [Bamboo, Oak, Cherry, Walnut, Birch, Mahogany, Others], Engineered Wood [Chipboard, Plywood, Laminated veneer, Cross-laminated timber, Others]),
By Application
(Cable Drums, Window Frames, Furniture, Pallets & Boxes, Others),
By Country
(The UAE, Saudi Arabia, Qatar, Oman, Kuwait, Iran, Iraq, Yemen, Jordan, Israel, Syria, Lebanon, Egypt, Rest of Middle East & Africa)
Explore the Complete Middle East & North Africa Timber Market Analysis Report – https://www.marknteladvisors.com/research-library/mena-timber-market.html
Who are the leading key players shaping the Middle East & North Africa Timber Market landscape?
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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