The wood industry or lumber industry is a—usually private—economic sector concerned with forestry, logging, timber trade, and the production of forest products, timber/lumber, primary forest and wood products (e.g. furniture) and secondary products like wood pulp for the pulp and paper industry. Some largest producers are also among the biggest timberland owners.
The wood industry plays a dominating role in today's wood economy.
In the narrow sense of the terms, wood, forest, forestry and timber/lumber industry appear to point to different sectors, in the industrialized, internationalized world, there is a tendency toward huge integrated businesses that cover the complete spectrum from silviculture and forestry in private primary or secondary forests or plantations via the logging process up to wood processing and trading and transport (e.g. timber rafting, forest railways, logging roads).
Processing and products differs especially with regard to the distinction between softwood and hardwood. While softwood primarily goes into the production of wood fuel and pulp and paper, hardwood is used mainly for furniture, floors, etc.. Both types can be of use for building and (residential) construction purposes (e.g. log houses, log cabins, timber framing).