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Wood Paneling Manufacturing in the US Industry Data and Analysis
The wood panel manufacturing industry has experienced a volatile and uneven five years rather than smooth, steady growth. Industry revenue is projected at $44.9 billion in 2025, representing a five-year CAGR of 7.5%. However, this growth is skewed mainly by a nearly 40% spike in 2021, prompted by pandemic-driven home improvement surges, supply shortages and dramatic lumber price inflation. Since then, revenues have eased, with a mere 2.1% growth expected for 2025, an indication of normalization. The profit margin has experienced similar turbulence, as it was strong in 2020 but declined in 2021 when input costs surpassed selling prices and only partially recovered amid ongoing cost and competitive pressures.
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What's included in this industry analysis
IBISWorld's research coverage on the Wood Paneling Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Wood Paneling Manufacturing industry in the United States operates under the NAICS industry code 32121. The industry includes companies that manufacture veneer, plywood, engineered wood or reconstituted wood products. The industry does not include companies that primarily engage in sawmilling or wood preservation, nor does it include companies that primarily produce dimensions stock. Related terms covered in the Wood Paneling Manufacturing industry in the United States include oriented strand board (osb), medium-density fiberboard (mdf), particleboard, plywood and veneer.
What's included in this industry?
Products and services covered in Wood Paneling Manufacturing industry in the United States include Reconstituted wood products, Softwood veneer and plywood and Trusses.
What companies are included in this industry?
Companies covered in the Wood Paneling Manufacturing industry in the United States include Weyerhaeuser Company, Louisiana-Pacific Corporation and Boise Cascade Company.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Wood Paneling Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Wood Paneling Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Wood Paneling Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Wood Paneling Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Wood Paneling Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Wood Paneling Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Wood Paneling Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Wood Paneling Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Wood Paneling Manufacturing industry in the United States in 2026?
The market size of the Wood Paneling Manufacturing industry in the United States is $44.9bn in 2026.
How many businesses are there in the Wood Paneling Manufacturing industry in the United States in 2026?
There are 3,937 businesses in the Wood Paneling Manufacturing industry in the United States, which has grown at a CAGR of 1.2 % between 2021 and 2026.
How may import tariffs affect the Wood Paneling Manufacturing industry in the United States?
The Wood Paneling Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Wood Paneling Manufacturing industry in the United States?
The Wood Paneling Manufacturing industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Wood Paneling Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Wood Paneling Manufacturing industry in the United States has been growing at a CAGR of 7.5 % between 2021 and 2026.
What is the forecast growth of the Wood Paneling Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Wood Paneling Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Wood Paneling Manufacturing industry in the United States?
The biggest companies operating in the Wood Paneling Manufacturing industry in the United States are Weyerhaeuser Company, Louisiana-Pacific Corporation and Boise Cascade Company
What does the Wood Paneling Manufacturing industry in the United States include?
Veneer manufacturing and Plywood manufacturing are part of the Wood Paneling Manufacturing industry in the United States.
Which companies have the highest market share in the Wood Paneling Manufacturing industry in the United States?
The company holding the most market share in the Wood Paneling Manufacturing industry in the United States is Weyerhaeuser Company.
How competitive is the Wood Paneling Manufacturing industry in the United States?
The level of competition is moderate and increasing in the Wood Paneling Manufacturing industry in the United States.
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