USD 6.23 billion
Global Wooden False Ceiling Market Size, Share, Growth Analysis, By Wood Type(Hollow Blocks, Boards), By Application(Residential, Non-Residential (Commercial), By Installation(Surface Mount, Drop/Suspended), By Form(Natural Pattern, Textures) - Industry Forecast 2024-2031
Report ID:
SQSG15F2016 |
Region:
Global |
Published Date: February, 2024
Pages:
228
|
Tables:
118 |
Figures:
77
Global Wooden False Ceiling Market Insights
Global Wooden False Ceiling Market size was valued at USD 6.23 billion in 2019 and is poised to grow from USD 6.82 billion in 2023 to USD 14.01 billion by 2031, growing at a CAGR of 9.3% in the forecast period (2024-2031).
False ceilings are a surefire way to improve the space's beauty and grace while also providing several functional benefits. They conceal electrical cables, pipelines, and air-conditioning ducts while also helping to reduce energy consumption. Wood is one of the many materials used to make false ceilings. It can also be combined with other materials such as POP, gypsum, metal, glass, and so on. In this configuration, wood in the form of hollow blocks, boards, and panels is used to create a false wood ceiling line. They are also available in a variety of finishes such as melamine, biologically varnished wood, surface coatings, CPL laminates, and so on. These are available in a wide range of natural textures and patterns. People have options to have them painted in any color. Installation is also simple because they are pre-structured and fit into the ceiling with screws and nails. A high-quality wooden ceiling will also last for a long time and help the user achieve a luxurious and classy look for the room.
Wooden False Ceilings use less energy because they are made of thinner panels. It is easy to recycle and can be converted into boards, recycled paper, sawdust, biomass, and other valuable by-products. The wood used in the walls and ceilings is biodegradable and has no negative effects on the soil, water, or atmosphere. Wooden ceilings absorb vapor and aromas and will change color and even deform if not protected. The cost, depending on the wood species, can be a major drawback. Rare and exotic species can be quite expensive, which limits the global wood.
Rising demand in emerging markets such as the Asia Pacific, the Middle East, Africa, and South America is expected to drive the global market forward. Because of rapid industrialization associated with economic growth and large investments in R&D activities, these markets dominate the demand for wooden false ceilings. Furthermore, Building and infrastructure sectors are rapidly expanding in these economies as a result of rapid industrialization, creating a huge demand. The relocation of manufacturers to these regions due to the abundance of raw materials and cheap labor, as well as the expansion of manufacturing activities and industrial bases, is expected to drive market growth.
US Wooden False Ceiling Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
9.3% CAGR
Global Wooden False Ceiling Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
Global Wooden False Ceiling Market Size By Application 2022-2028 ($ Bn)
Global Wooden False Ceiling Market Size By Application 2022-2028 (%)
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Global Wooden False Ceiling Market Segmental Analysis
The Global Wooden False Ceiling market is segmented based on Wood Type, Form, Application, Installation, and Region. Based on Wood Type, the Wooden False Ceiling Market is segmented into Hollow Blocks, Boards, and Panels, Based on Form, the Wooden False Ceiling Market is segmented into Natural patterns, Textures, and Others, Based on Application, the Wooden False Ceiling Market is segmented into Residential, Non-Residential (Commercial, Hospitality, Industrial, Institutional), Based on Installation, the Wooden False Ceiling Market is segmented into Surface Mount, Drop/Suspended, Based on region the global Wooden False Ceiling market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Wooden False Ceiling Market Analysis by Application
In 2021, the non-residential application segment led the market with a revenue share of more than XX%. Significant growth in commercial construction activities all over the world, combined with the reinvigoration of the non-residential building projects sector in the United States, is expected to boost building material consumption, driving the market growth. Wooden False Ceiling is widely used in a variety of commercial spaces, including retail, hospitality, and healthcare, as well as corridors, medical hallways, operating rooms, health centers, and diagnostic centers. These materials are used to enhance the overall aesthetics and interior design of non-residential buildings while also providing improved acoustic and thermal insulation.
Global Wooden False Ceiling Market By Application, 2021 (%), 2023 (%)
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Global Wooden False Ceiling Market Regional Insights
In the Global Wooden False Ceiling Market, Asia-Pacific led the market, accounting for more than XX% of global revenue in 2021. China is a major contributor to the growth of the Asia-Pacific market. To improve the aesthetic appearance of buildings, the building and construction industry in the region is increasingly using more colors, different perforation designs, and a variety of materials such as wooden materials. Furthermore, many architects and designers are emphasizing the use of open ventilation ceilings and open floor plan design features in office and institutional buildings where acoustic comfort or transmission is critical. These designs are expected to increase the demand for wooden false ceilings by improving the aesthetic appeal and sound-absorbing properties.
Furthermore, Rapid urbanization, Rise in disposable income, and increase in the standard of living has resulted in a massive change in the global landscape, with previously designated towns becoming massive metropolises. As a result, people are employed in high-paying jobs, increasing their income and allowing them to spend on luxury items. This trend has spread to the housing industry, with consumers spending a significant portion of their earnings on home décor accessories. The preference for designer false ceilings is an important aspect of this trend. These ceilings, in addition to providing convenience in the form of improved acoustics and thermal insulation, also improve the aesthetic appeal of the home.
During our analysis, we also found that Europe is the fastest-growing region. The vast majority of infrastructure projects are expected to remain concentrated in the Europe region, with Germany, Spain, and United Kingdom remaining at the forefront. As a result, demand for ceiling tiles is increasing noticeably in the aforementioned regions, with prominent manufacturers offering a diverse range of products made from various materials.
Global Wooden False Ceiling Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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Global Wooden False Ceiling Market Dynamics
Wooden False Ceiling Market Driver
Increasing demand for Eco-friendly False Ceiling Solution
- Wood is one of the most environmentally friendly raw materials in the false ceiling industry. It is a natural product that does not require the use of a process industry at any stage of its creation or processing (planting, growing, maintaining, and logging). Furthermore, less energy is required to process wood than any other material, including steel, aluminum, plastics, cement, and so on. Wood-based panels are becoming more popular in a wide range of applications. Technological advancements and innovation, as well as increased productivity in maintenance, production, and rebuilding operations, would boost market demand even further. Wood is a natural insulator due to its porous internal structure, which creates zones where heat can be stored, making it ideal for covering. These factors are expected to accelerate market growth over the forecast year.
The emergence of Augmented reality technology enhances the customer’s buying experience and is expected to drive the market
- The Wooden False Ceiling is becoming more modern and modular by the day. Manufacturers are employing advanced technology to complete some of the most complex designs and to create some of the best utility ceilings. People are using a variety of false ceiling augmented reality-based applications and programs to provide the best shopping experience for their clients. Customers need not go to a false ceiling provider's outlet to select the size, design, and material of the false ceiling. People can do all of these things using their smartphones and AR. There are numerous augmented reality interior design apps available; simply scan your living space and the app will guide you in selecting the best-suited false ceiling set.
Wooden False Ceiling Market Restraint
High initial & maintenance costs may restrict the market growth
- Wood is expensive when compared to other materials used to create false ceilings, both in terms of initial cost and ongoing maintenance. Furthermore, wooden false ceilings are appropriate for cold climates. This means it is not an ideal choice for Hot climate countries, and those who do choose it must exercise extreme caution and maintenance to ensure the false ceilings' durability. Termites are also attracted to wood.
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Global Wooden False Ceiling Market Competitive Landscape
Due to the presence of numerous manufacturers, the market is highly competitive. The majority of the players are based in Europe and North America. Companies compete based on manufacturing volume and product quality. Increasing market competition and steadily rising wood prices are likely to have an impact on profit margins. The key players are focusing on value chain integration through joint ventures as well as mergers and acquisitions. For instance, CanWel Construction Materials Group Ltd. acquired Lignum Forest Products LLP, a distributor of lumber and forest products in the United States and Western Canada, to strengthen its North American distribution network.
Wooden False Ceiling Market Top Player's Company Profiles
- Armstrong
- Saint-Gobain S.A.
- Hunter Douglas N.V.
- OWA Ceiling Systems GmbH
- USG Corporation
- Knauf Dubai LLC
- CertainTeed Corporation
- SAS International
- Rockfon
- Shandong Huamei Building Materials Co., Ltd.
- Guangzhou Tital Commerce Co., Ltd.
- National Wood Products, Inc.
- Newmat Stretch Ceiling Systems
- Ceilings Plus
- GRG Ceiling System
- Knauf AMF GmbH & Co. KG
- USG Boral Building Products (India) Pvt. Ltd.
- Shanghai Foxygen Industrial Co., Ltd.
- Chengdu Geelian Safety Co., Ltd.
- Shandong Hengyu Technology Group Co., Ltd.
Wooden False Ceiling Market Recent Development
- In April 2022, Weyerhaeuser officially confirmed a US$ 265 million contract with a Campbell Global-managed fund to acquire 80,800 acres of high-quality timberlands in North and South Carolina. The acquisition is expected to result in harvest tonnes per acre and portfolio-leading cash flow within the company's Southern Timberlands segment.
- In January 2022, Kronospan and the Luxembourg Institute of Science and Technology signed a five-year partnering framework agreement (LIST). This Partnership Framework Agreement prioritizes sustainability and the environment, as well as Activities related to the fabrication of wood-based panels for a Ph.D. collaborative training program.
Global Wooden False Ceiling Key Market Trends
- The growing use of an environmentally friendly solution that meets green construction standards for emitting low Gaseous pollutants is expected to have an impact on the use of traditional products over the forecast period. Leading manufacturers are expanding their product portfolios by introducing low-VOC and asbestos-free product lines to the market. Rising awareness about the use of sustainable and ecological building materials is expected to drive green retrofit or renovation activities in developed economies such as North America and Europe. Furthermore, the region's major players' increase in adoption of recyclable and reusable innovations is expected to drive market growth over the forecast period.
Global Wooden False Ceiling Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, we found that Growing investments in domestic and commercial development activities in key areas are expected to drive demand for wooden false ceilings. The global expansion of the construction or real estate industry as a result of rapid urbanization is paving the way for increased commercial adoption of wooden false ceilings. Several emerging economies, including China, India, Brazil, and South Korea, are likely to embark on major infrastructure development projects, broadening the application scope. Simultaneously, growth in the residential sector is expected to accelerate, owing to the rapid population growth that is increasing housing demand. Furthermore, the increasing frequency of residential grade green building construction across developed economies is boosting growth prospects.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.23 billion |
| Market size value in 2031 | USD 14.01 billion |
| Growth Rate | 9.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Wooden False Ceiling Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Wooden False Ceiling Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Wooden False Ceiling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wooden False Ceiling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Wooden False Ceiling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Wooden False Ceiling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Wooden False Ceiling Market Report Snapshots
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