The scarcity of hardwoods from tropical forests makes the search for alternative species necessary for commercialization. This study aimed to establish groups of timber species from the Amazon Forest with potential for logging purposes through the assessment of their physical-mechanical properties, aiming to identify alternative species that can meet the market demands. We utilized data from the Forest Products Laboratory (LPF) (containing information on basic density and other wood mechanical properties) and the Timberflow platform, as well. We applied a multivariate cluster analysis technique with the aim of grouping species based on the technological characteristics of their wood and evaluating similarity among them to obtain homogeneous groups in terms of economic potential and utilization. The results indicated four homogeneous groups: Cluster 1 (40.72% of species, basic density-db: 690 kg m−3), Cluster 2 (13.92%, db: 260 and 520 kg m−3), Cluster 3 (27.32%, db: 550 and 830 kg m−3), and Cluster 4 (18.04%, db: 830 kg m−3). Most of the 20 listed species are classified as more commercially viable (70%), with high wood density. Species identified as alternatives include Dialium guianense and Zollernia paraensis for Dipteryx odorata, Terminalia argentea for Dinizia excelsa, Terminalia amazonia and Buchenavia grandis for Goupia glabra, and Protium altissimum and Maclura tinctoria for Hymenaea courbaril. The analysis highlighted the overexploitation of a restricted group of species and the need to find alternatives to ensure the sustainability of forest management. This study contributed to identifying species that can serve as alternatives to commercial ones, promoting a more balanced and sustainable forest management.