Wood Moisture Meters Market Size & Share, by Technology Type (Digital, Analog); Mobility Type (Portable, Benchtop); Probe Type (Pin, Pinless, Combination); End User Industry (Construction, Furniture, Paper & Pulp) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5766
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Wood Moisture Meters Market size is poised to cross USD 9 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of wood moisture meters was USD 2 Billion. The growth of the market is set to be dominated by growing construction activities. In 2016, there were estimated to be 794,431 built-up areas (BUAs) worldwide. This figure has the potential to climb to approximately 849,406 people by 2022. Furthermore, by 2050, it's projected that 2 million new buildings are set to be built. For the construction industry to continue growing and maintaining the integrity of a given structure, building materials including wood need to have the right amount of moisture in them. Therefore, the wood moisture meters market growth for wood moisture meters is also estimated to rise.

Additionally, there has been a growing preference for renovation among people as a result, they prefer wood for the construction of their houses. This is because, despite being a lightweight building material, wood performs better in terms of breaking length (or self-support length) than even steel. In other words, since it can bear its weight more effectively, certain building designs may include wider rooms and fewer structural supports.


Wood Moisture Meters Market
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Wood Moisture Meters Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Paper & Pulp - Around 413 million metric tonnes of paper and paperboard were produced worldwide in 2022. Compared to the prior year, this represented a rise of more than 3 percent. Therefore, the need for wood moisture testing is also surging. An excessive amount of moisture retained in the paper might have a negative impact on its conductivity, strength, weight, dimensions, and flatness. Essentially, the entire batch can be ruined if there is too much moisture left in the paper.
     
  • High Resistivity of Wood & Least Adverse Effect on Environment - When dried to conventional moisture content levels (generally between about 6% and 12% for most wood species), wood naturally resists electrical conduction. Furthermore, when compared to materials including metals, marble, glass, and concrete, wood has a low thermal conductivity (high heat-insulating ability). Since thermal conductivity increases with density and moisture content and is greatest in the axial direction, light, dry timbers make excellent insulators. Therefore, the wood moisture meters market is surging. Additionally, the environmental impact of wood is less than that of other building materials including steel or concrete. It is therefore less expensive to produce. Also, the production of wood has less of an influence on the environment and wastes less water, especially when compared to the steel industry. Therefore, with the surge in environmental conscious people the wood moisture meters market is expected to observe surge.
     
  • Surge in Preference for Online Shopping  - There has been a rise in the popularity of e-commerce websites since it offers a variety of options to the customer as compared to physical shops. Furthermore, often, shopping online is less expensive than attending a physical store. Aside from the potential for discounts and promotions, online retailers are not subject to the same overhead expenses as brick-and-mortar establishments, such as rent and power. As a result, they might be able to offer consumers lower prices. Hence, most constructors and vendors prefer e-commerce websites to obtain wood moister testers. Since these websites have made this product reach to a large number of people the wood moisture meters market is growing.

Challenges

  • Lack of Investment
  • Lack of Durability of Wood - When employed as a building material, wood has several disadvantages. Its structure and endurance may be weakened by fire, dampness, insects, fungus, and rot. Additionally, it is prone to warping, cracking, shrinking, and swelling, which can result in dimensional instability and aesthetic flaws. Furthermore, wood needs routine care, protection, and treatment, all of which can be expensive and labor-intensive. Furthermore, it might not be appropriate for large-span or high-rise structures due of its low strength and stiffness. Hence, the preference for wood construction might fall which further might also restrain the wood moisture meters market revenue for wood moisture meters.
  • Lack of Awareness Among People 

Wood Moisture Meters Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~8%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 9 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Wood Moisture Meters Segmentation

Probe Type (Pin, Pinless, Combination)

The pin segment in the wood moisture meters market is expected to generate the highest revenue share of about 50% during the forecast period. The benefit of using pin-type moisture meters with insulated contact pins is that they offer the best way to pinpoint the exact location of moisture in subfloors or in lumber that is being kiln-dried, even though pin-less meters do not require the insertion of pins into the wood (using capacitance). The reason for this is that the pins can identify the amount of moisture at the uninsulated tips of the pins. The pins are driven into the floor and even into the subfloor at varying depths to read the moisture levels at each unique penetration level. The only devices that can tell exactly how much moisture is within a board or a piece of wood are pin-type meters. By utilizing insulated pins, the wood fiber is only exposed to the uncoated tips, resulting in more precise measurements of the moisture content at different penetration levels.

End User Industry (Construction, Furniture, Paper & Pulp)

The construction segment in the wood moisture meters market is projected to generate the highest revenue share of about 50% in the coming years. This growth of the segment is poised to be dominated by the rising urban population. At present, more than fifty percent of the global population dwells in towns and cities; by 2030, that number is projected to grow to over 5 billion. Also, the standard of living of people in urban regions is improving which is further estimated to boost the demand for aesthetic wood housing which is also projected to drive the market demand for wood moisture meters.

Our in-depth analysis of the global wood moisture meters market includes the following segments:

          Technology Type

  • Digital
  • Analog

          Mobility Type

  • Portable
  • Benchtop

          Probe Type

  • Pin
  • Pinless
  • Combination

          End User Industry

  • Construction
  • Furniture
  • Paper & Pulp

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Wood Moisture Meters Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific wood moisture meters market is estimated to generate the largest revenue share of about 35% during the forecast period. This growth is set to be dominated by a rising population. The most populous countries in the globe, such as China and India, are located in the Asia and Pacific region, which is responsible for 60% of the world's population, or 4.3 billion people. Furthermore, this region is also having rising production of timber. China has surpassed more established lumber-producing nations like Canada and the United States in terms of importance as a producer and consumer of forest products. Moreover, macroeconomic and disruptive megatrends including, expanding trade, rising income levels in the population, technology, and sustainable environments are driving the growth in demand for construction and real estate projects across the board. In light of the fact that infrastructure development is a major factor in determining a region’s ability to prosper economically, numerous projects have been launched to build sustainable, socially inclusive communities. 

North American Market Analysis

The North America wood moisture meters market is also estimated to have notable growth in the coming years. This growth of the market is set to be influenced by growing technological advancement. For instance, recently IoT has been deployed in wood moisture meters which has made measuring efficient. Moreover, the investment in the commercial sector is also surging in this region. The development of offices and malls is expanding rigorously which has also increased demand for wood. As a result, the wood moisture meters market in the region is estimated to experience growth.   

Research Nester
Wood Moisture Meters Market size
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Companies Dominating the Wood Moisture Meters Landscape

top-features-companies
    • Delmhorst Instrument Co.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Shenzhen GVDA Technology Co., Ltd.
    • Bosch Limited
    • Wagner Meters
    • Extech Instruments
    • General Electric
    • Pintech Instruments
    • Voltcraft
    • Trotec
    • General Tools & Instruments LLC

In-the-news

In The News

  • October 20, 2022: A wood moisture metre has been developed by Shenzhen GVDA Technology Co., Ltd. It has built-in characteristics for seven distinct types of wood and building materials. GD153 GVDA.
  • April 26, 2023: Silicon carbide chips are part of Bosch's growing semiconductor business. The technology company intends to purchase the assets of Roseville, California-based TSI Semiconductors, a US chip manufacturer. The company is an application-specific integrated circuit (ASIC) foundry with 250 employees.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5766
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing demand for paper & pulp, high resistivity of wood & least adverse effect on environment, and surge in preference for online shopping.

The market size of wood moisture meters is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.

The major players in the market are Delmhorst Instrument Co., Shenzhen GVDA Technology Co., Ltd., Bosch Limited, Wagner Meters, and others.

The construction segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Wood Moisture Meters Market Report Scope
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