North America Wood Crown Moulding Market (2022-2028) | Share, Outlook, Forecast, Analysis, Revenue, Growth, Industry, Size, Trends, Value, Segmentation & COVID-19 IMPACT

Name: North America Wood Crown Moulding Market (2022-2028)
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast by Countries (United States, Canada), By Types (Fire-retardant Woods, Moisture Resistant Woods, General Woods), By Applications (Furniture Industry, Building Materials, Interior Decoration, Others) And Competitive Landscape

Product Code: ETC406654	Publication Date: Nov 2022	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 250	No. of Figures: 50	No. of Tables: 25

North America Wood Crown Moulding Market Synopsis

North America Wood Crown Moulding market is expected to grow over the forecast period. The market is driven by growing demand for customized and special designs in various residential and commercial applications. Moreover, increasing awareness about the benefits of using wood crown moulding in homes is also responsible for the growth of this market. However, high cost of raw materials and stringent regulations pertaining to safety standards are some of the key restraints that may hamper the growth of this market in the near future.

According to 6Wresearch, the North America Wood Crown Moulding Market size is expected to grow during 2022-2028. Wood crown moulding is an intricate architectural detail that is used to embellish door and window frames, mantelpieces, cornices, and other parts of a building. It is also used extensively in residential and commercial applications such as hotels, offices, restaurants, retail spaces etc. Crown moulding is broadly classified into two types - traditional crown moulding and Contemporary crown moulding. Traditional crown moulding is more popular while Contemporary crown moulding is gaining popularity due to its contemporary look.

DRR/PPDR are the two major types of resins used for wood crown molding. The DRR resin is more expensive, but it has better physical and chemical properties than the PPDR resin. DRR/PPDR are used in different applications such as interior doors, window frames, and furniture. The use of these resins has led to a rise in the demand for wood crown moulding products in North America. There are several factors that will drive the growth of this market, including an increase in the demand for customised furniture and an increase in the renovation trend.

Drivers for the North America Wood Crown Moulding Market

Some key drivers of the North America Wood Crown Moulding Market growth include an increased demand for natural wood mouldings owing to their unique appearance and aroma, as well as an increase in the use of sustainable building materials. The increasing popularity of high-end residential and commercial buildings is also expected to drive the growth of the market. The market is also driven owing to an increasing demand for high-quality wood mouldings and the trend of adopting sustainable building practices.

The growth is also attributed to factors such as increasing demand for decorative and luxurious wood crown mouldings, increase in construction investments, growing trend of eco-friendly construction, and increasing preference for natural wood products. This growth can be attributed to increasing demand from residential and commercial sectors. In addition, advancement in technology has led to increased use of moulding in various parts of the construction industry.

Challenges for the North America Wood Crown Moulding Market

Some of the key challenges that the North America Wood Crown Moulding Market revenue faces include a shortage of raw materials and high production costs. The market is also faced with a few key challenges that must be overcome if it is to achieve its full potential. These include a dearth of skilled craftsmen, as well as a lack of technological Innovation that could improve efficiency and quality in the manufacturing process.

Nevertheless, these challenges can be overcome by means of concerted efforts from both industry players and government officials. In addition, there is need for more aggressive marketing campaigns that could raise awareness about the benefits of using wood crown moulding in various applications. These challenges can also be overcome through innovation and increased investment in research and development (R&D).

Market Analysis based on Type

The Types (fire-retardant woods, moisture resistant woods, general woods) segment of the North America wood crown moulding market will account for the largest share of revenue during the forecast period. The fire-retardant woods category is projected to grow at a higher rate than the other two categories owing to increased awareness about safety and environmental concerns among consumers. This trend is expected to continue into the future, driving demand for fire-retardant wood products.

The Moisture resistant woods category is anticipated to register a higher CAGR than general woods due to its growing popularity among customers concerned about indoor air quality and energy efficiency. In addition, increasing demand from the construction sector is likely to propel this category towards growth over the forecast period.

Impact of COVID-19 on the North America Wood Crown Moulding Market

COVID-19 is predicted to have a moderate impact on the Global wood crown moulding market due to its respiratory illness-related mortality rates in humans. However, other factors such as rising consumer demand for high-quality products and increasing focus on sustainable construction initiatives are expected to contribute significantly to growth over the forecast period.

End Use for the North America Wood Crown Moulding Market

The market has been segmented on the basis of end use - decorative/functional. Decorative crown moulding is more popular among consumers, followed by functional crown moulding. Functional crown moulding is used for applications such as hiding electrical wires and installing light fixtures.

Competitive Landscape for the North America Wood Crown Moulding Market

The North America Wood Crown Moulding Market share is fragmented, and the dominant players are unable to fully capture the market. This is due to the presence of a number of small and medium-sized companies that are able to manufacture wood crown moulding products using DRR/PPDR resins at low costs. These companies are able to offer low prices due to their small scale and lack of infrastructure. The market is forecast to be dominated by five players.

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021.
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

North America Wood Crown Moulding Market Outlook
Market Size of North America Wood Crown Moulding Market, 2021
Forecast of North America Wood Crown Moulding Market, 2028
Historical Data and Forecast of North America Wood Crown Moulding Revenues & Volume for the Period 2018 - 2028
North America Wood Crown Moulding Market Trend Evolution
North America Wood Crown Moulding Market Drivers and Challenges
North America Wood Crown Moulding Price Trends
North America Wood Crown Moulding Porter's Five Forces
North America Wood Crown Moulding Industry Life Cycle
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Types for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Fire-retardant Woods for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Moisture Resistant Woods for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By General Woods for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Types for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Fire-retardant Woods for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Moisture Resistant Woods for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By General Woods for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Types for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Fire-retardant Woods for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Moisture Resistant Woods for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By General Woods for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Applications for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Furniture Industry for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Building Materials for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Interior Decoration for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Crown Moulding Market Revenues & Volume By Others for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Applications for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Furniture Industry for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Building Materials for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Interior Decoration for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Crown Moulding Market Revenues & Volume By Others for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Applications for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Furniture Industry for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Building Materials for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Interior Decoration for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Crown Moulding Market Revenues & Volume By Others for the Period 2018 - 2028
North America Wood Crown Moulding Market - Key Performance Indicators
North America Wood Crown Moulding Market - Import Export Trade Statistics
North America Wood Crown Moulding Market - Opportunity Assessment By Countries
North America Wood Crown Moulding Market - Opportunity Assessment By Types
North America Wood Crown Moulding Market - Opportunity Assessment By Applications
North America Wood Crown Moulding Market - Top Companies Market Share
North America Wood Crown Moulding Market - Top Companies Profiles
North America Wood Crown Moulding Market - Comparison of Players in Technical and Operating Parameters
North America Wood Crown Moulding Market - Strategic Recommendations