Report

Middle East & North Africa Timber Market Repo

180 pages Oct 2024
Middle East & North Africa Tim

Middle East & North Africa Timber Market Report and Forecast 2032

Middle East & North Africa Timber Market...

  • Consumer Goods & Services
  • Pages : 180
  • Oct 2024
  • Report Format :  

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The Middle East & North Africa Timber Market Insights & Analysis

The Middle East & North Africa Timber Market is anticipated to register a CAGR of around 9.2% during the forecast period, i.e., 2025-32. The rising infrastructure projects, regional construction booms, and growing demand for sustainable building materials all impact the Middle East & North Africa Timber Market, which is a dynamic & changing industry. The building, interior design sectors, and furniture in this area heavily rely on timber goods, which include hardwood, engineered wood, and softwood. The need for wood has slightly increased recently due to several programs implemented by the governments of several nations, such as the UAE, Saudi Arabia, and Egypt, to enhance their capacities for commercial, infrastructure purposes, and residential.

Furthermore, because of its lightweight nature, timber significantly reduces the strain on the housing structure, making large-scale residential developments in the area a key source of demand for the material. As a result, the rising number of new homes being built in the area would upsurge the need for wood in the years to come. Moreover, it is anticipated that the Middle East & North African economies will become increasingly inclined to support the development of commercial structures like hotels, restaurants, and other leisure & entertainment areas, boosting the region’s domestic tourism industry. Therefore, it is predicted that the vast usage of wood in building construction & furnishing would present MENA timber suppliers with a profitable growth opportunity during 2025-32.

Middle East & North Africa Timber Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2025-2032): 9.2%

  • Market Value YYYY: USD XX Billion/Million

  • Fastest Growing Market: UAE

  • Major Players: Interpro Wood Industries LLC , International Timber Company - ITCO, Al Qarib Wood Industry LLC, Starwood Orman Urunleri Sanayi A.S., ARA Timber, Danzer, Others

The Middle East & North Africa Timber Market Dynamics

  • Growing Commercial Building Construction to Elevate Timber Demand

In recent times, there has been a significant surge in the need for timber due to the construction of commercial buildings, such as 5- & 7-star hotels & resorts, in several nations like the UAE, Oman, Egypt, Saudi Arabia, etc. The Middle East & North America region now has a greater need for it due to its essential usage in building construction, including doors, windows, and others. Also, the development of commercial structures like shopping centers, resorts, opulent hotels, etc., has been pushed by the surrounding countries’ increasing tourism.

Additionally, the governments of both nations have played a significant role in promoting tourism through the construction of leisure centers, and several other initiatives. They have also renovated & preserved historical monuments & cultural heritage sites. Thus, it is projected that during the forthcoming years, the region’s expanding commercial building development activity would fuel the demand, further driving the Middle East & North Africa Timber Market share.

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