Wood Moisture Meters Market Size

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.