$1.1bn
$XX.Xm
5,544
2,671
$XXX.Xm
Most timber is ultimately used in downstream residential construction markets. Declines in residential construction have hurt industry companies, as high inflation has led to increased interest rates and less demand for new construction. Despite a housing shortage, housing starts fell in 2022 and 2023, creating less need for lumber and causing timber prices to plummet. As a result, industry revenue has fallen at a CAGR of 1.5% to $1.1 billion in 2024. However, with interest rates expected to fall by the end of 2024, residential construction is expected to pick back up, leading to an estimated 0.6% revenue increase in 2024.
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $1.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Rayonier Inc. | 192.2 | 30.3 | 15.8 |
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Industry revenue is measured across several distinct product and services lines, including Softwood, Hardwood and Other services. Softwood is the largest segment of the Timber Services in the US.
Softwood
The Timber Services industry manages timber tracts for the purpose of selling standing timber. A timber tract is a parcel of land used for growing timber for harvesting on a long rotation cycle (more than 10 years). The industry does not include Christmas trees, which are grown on short rotation cycles. This industry also does not include revenue from logging operations.
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NAICS 11311 - Timber Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Timber prices have dropped due to less construction. When interest rates went up in 2022, housing projects slowed down, hurting demand for timber.
Learn about an industry's products and services, markets and trends in international trade.
Softwood is booming in the construction sector. It's popular because it grows quickly, keeping costs lower than hardwood, even with price increases in recent years.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast dominates the industry. The region has the proper environmental conditions and has a large share of privately owned land.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Land is a finite resource, making competition tight, particularly on a regional basis. Investment firms have begun buying timberland, creating further competition for small o...
Learn about the performance of the top companies in the industry.
Rayonier Inc. leads the Timber Services industry. The company manages timber-growing regions across the country.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The US Forest Service regulates and assists timber services. The Bureau of Land Management is also involved in the industry.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins are under pressure as wages eat into revenue. Although timber services benefit from high-value activities without processing costs, rising labor expenses are c...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Timber Services in the US industry in United States is $1.1bn in 2024.
There are 2,671 businesses in the Timber Services in the US industry in United States, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Timber Services in the US industry in United States has been declining at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Timber Services in the US industry in United States is expected to grow.
The biggest company operating in the Timber Services market in United States is Rayonier Inc.
Selling standing timber to logging operators and Planting seedlings are part of the Timber Services in the US industry.
The company holding the most market share in United States is Rayonier Inc..
The level of competition is moderate and steady in the Timber Services in the US industry in United States.