I-Joist Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

I-Joist Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global I-joist market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

I-joist is an engineered wood product made from a combination of timber products such as laminated veneer timber or graded solid timber. Also known as a wooden I-beam, composite wooden joist, and plywood I-beam, I-joist has two parts, namely the web and flanges. The web is placed between the top and bottom flanges that gives it the distinct ‘I’ shape. The flanges resist bending, and the web helps to transmit the shear stresses, relying on plywood's panel shear capacity and dimensional stability. Moreover, the web and flanges also produce a lightweight beam, which is both sturdy and durable.

The significant growth of the construction and real estate sectors represent the primary factor escalating the demand for I-joist. It is used in wall studs and roof rafters, as well as for installing flooring and roof framing, due to its lightweight yet resilient properties. It also offers improved strength and stiffness with an enhanced aesthetic appearance and flexibility. This is based on its high strength-to-weight ratio, which helps carry heavy loads over long spans and structures. It also shrinks or swells less than solid wood when the ambient conditions such as the temperature, humidity and air pressure change. Apart from this, it provides more options for designing economical floor joist layouts while being easy to install. It also consists of a thin layer of wood that is easier to drill for plumbing, HVAC and electrical purposes. Along with this, it is cheaper, stronger and easily available in the market compared to plywood. As a result, manufacturers nowadays prefer I-joists prepared from oriented strand board web materials. Moreover, the development of smart cities and the growing need for renovating residential spaces on the global level is also contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global I-joist market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on sector, new construction and replacement, and application.

Breakup by Sector:

Residential
Commercial

On the basis of the sector, the residential sector dominates the market, accounting for the majority of the total market share.

Breakup by New Construction and Replacement:

New Construction
Replacement

Breakup by Application:

Floors
Roofs
Other applications

Regional Insights:

Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Region-wise, North America holds the leading position in the market.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global I-joist market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Boise Cascade Company, Louisiana-Pacific Corporation, Nordic Structures, Roseburg Forest Products Co., Stark Truss Company, Inc., STEICO SE, Weyerhaeuser Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

What was the size of the global I-joist market in 2022?

What is the expected growth rate of the global I-joist market during 2023-2028?

What are the key factors driving the global I-joist market?

What has been the impact of COVID-19 on the global I-joist market?

What is the breakup of the global I-joist market based on the sector?

What is the breakup of the global I-joist market based on the new construction and replacement?

What is the breakup of the global I-joist market based on the application?

What are the key regions in the global I-joist market?

Who are the key players/companies in the global I-joist market?