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.
Growth Drivers
Challenges
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 |
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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 |
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Mobility Type |
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Probe Type |
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End User Industry |
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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.
Author Credits: Abhishek Verma
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