Engineered Wood Market Outlook, Analysis & Industry Forecast, 2020–2027 | by Type, Application The engineered wood market is expected to reach $400,450.9 million by 2027, registering a CAGR of 6.2% from 2020 to 2027. tusharMay 4, 2021 According to a recent report published by Allied Market Research, titled, “ Engineered Wood Market by Product, Industry, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the engineered wood market size accounted for $284,761.1 million in 2019, and is expected to reach $400,450.9 million by 2027, registering a CAGR of 6.2% from 2020 to 2027. In 2019, the furniture segment dominated the engineered wood market, followed by the construction segment. The engineered wood market includes revenue generated by products used in several industries such as construction, furniture, and packaging. Engineered wood is also called mass timber or man-made wood or manufactured boards.