Industry Analysis & Industry Trends
Over the past five years through 2016-17, construction activity and the number of residential property transactions increased, which supported industry demand. Furniture manufacturing and wooden container manufacturing activity also increased over the past five-year period, which supported revenue and boosted demand because they are important markets for the industry. However, rising import competition and growing competition from substitute products curtailed the industry's growth. Industry performance was also affected by volatility in the price of timber. Revenue is expected to increase at a compound annual rate of 2.6% over the five years through 2016-17.
In 2016-17, revenue is projected to grow by 1.6% to £1.4 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a low level of market share concentration. The four largest players in the industry are expected to have a combined market share of 26.2% in 2016-17. BSW Timber Ltd and James Jones & Sons Ltd are the only two firms with greater than 5% market share. All other players have individual market shares of less than 3% and cannot individually exert much influence on the industry as a whole.
The industry consists of several small players operating in narrow regional markets, typically close to forests. In 2016, approximately 84.6% of firms operating in the industry employed fewer than 20 employees. This justifies the low level of market share concentration in the industry.
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