Engineered Wood I-joist Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 2.8 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
The global Engineered Wood I joist market was valued at approximately USD 5.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. This growth is driven by increasing demand for sustainable and cost effective construction materials. The North American region dominated the market in 2022, accounting for over 35% of the global market share, due to the widespread adoption of engineered wood products in residential and commercial construction. Europe followed closely, with a market share of around 30%, as demand for energy efficient building materials continues to rise in countries like Germany, France, and the UK. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by rapid urbanization and infrastructure development in countries such as China, India, and Japan. The market size in the Asia Pacific region is expected to grow at a CAGR of 9.2% from 2023 to 2030.
In terms of regional opportunities, the growth in construction activities in emerging economies, particularly in Asia Pacific and Latin America, presents significant potential for market expansion. North America remains a strong market due to continued investment in residential construction and renovation, driven by the need for energy efficient homes and cost effective building solutions. The rising popularity of engineered wood products for their sustainability and structural benefits is expected to propel market growth in these regions. Additionally, increased awareness of environmentally friendly construction materials is likely to open new avenues for Engineered Wood I joist in the Middle East and Africa, where infrastructural growth is on the rise.
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Boise Cascade
Roseburg
LP
EACOM Timber Corporation
Chantiers Chibougamau Nordic
Pacific Woodtech Corporation
Stark Truss Company
Inc.
International Beams
Weyerhaeuser
PinkWood Ltd
Redbuilt
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Engineered Wood I-joist Market
Plywood I-Joists
OSB (Oriented Strand Board) I-Joists
Laminated Veneer Lumber (LVL) I-Joists
Glulam (Glued Laminated Timber) I-Joists
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure
Light Load I-Joists
Medium Load I-Joists
Heavy Load I-Joists
Manufactured I-Joists
Custom I-Joists
Contractors
Builders
Architects
Homeowners
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Engineered Wood I-joist Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Engineered Wood I-joist Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engineered Wood I-joist Market, By Type
6. Global Engineered Wood I-joist Market, By Application
7. Global Engineered Wood I-joist Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Engineered Wood I-joist Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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