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I-Joist Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global I-joist market size reached US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2027, exhibiting at a CAGR of 6.75% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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, along with forecasts at the global and regional level from 2022-2027. 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 competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion, Million Cubic Metres
Segment Coverage Sector, New Construction and Replacement, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1     Objectives of the study
    2.2     Stakeholders
    2.3     Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4     Market Estimation
        2.4.1     Bottom-Up Approach
        2.4.2     Top-Down Approach
    2.5     Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Engineered Wood Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Analysis
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
6   Global I-Joist Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market Breakup by Region
    6.6    Market Breakup by Sector
    6.7    Market Breakup by New Construction and Replacement
    6.8    Market Breakup by Application
    6.9    Market Forecast
    6.10    SWOT Analysis
        6.10.1    Overview
        6.10.2    Strengths
        6.10.3    Weaknesses
        6.10.4    Opportunities
        6.10.5    Threats
    6.11    Value Chain Analysis
        6.11.1    Overview
        6.11.2    Forest Owners
        6.11.3    Sawmills
        6.11.4    I-Joist Manufacturers
        6.11.5    Distributors and Retailers
        6.11.6    Exporters
        6.11.7    End-Use Industries
    6.12    Porter’s Five Forces Analysis
        6.12.1    Overview
        6.12.2    Bargaining Power of Buyers
        6.12.3    Bargaining Power of Suppliers
        6.12.4    Degree of Competition
        6.12.5    Threat of New Entrants
        6.12.6    Threat of Substitutes
    6.13    Key Success and Risk Factors
7   Market Breakup by Region
    7.1    Asia Pacific
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Latin America
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Middle East and Africa
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Sector
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by New Construction and Replacement
    9.1    New Construction
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Replacement
        9.2.2 Market Trends
        9.2.2 Market Forecast
10 Market Breakup by Application
   10.1    Floors   
        10.1.1 Market Trends
        10.1.2 Market Forecast
   10.2    Roofs
        10.2.1 Market Trends
        10.2.2 Market Forecast
   10.3    Other Applications
        10.3.1 Market Trends
        10.3.2 Market Forecast
11 Competitive Landscape
   11.1    Market Structure   
   11.2    Key Players
   11.3    Key Player Profiles

List of Figures

Figure 1: Global: I-Joist Market: Major Drivers and Challenges
Figure 2: Global: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2016-2021
Figure 3: Global: Engineered Wood Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Global: Engineered Wood Market: Average Prices (in US$/Cubic Metre), 2016-2021
Figure 5: Global: Engineered Wood Market: Breakup by Product Type (in %), 2021
Figure 6: Global: Engineered Wood Market: Breakup by Application (in %), 2021
Figure 7: Global: Engineered Wood Market: Breakup by Region (in %), 2021
Figure 8: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2022-2027
Figure 9: Global: Engineered Wood Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 10: Global: I-Joist Market: Volume Trends (in Million Cubic Metres), 2016-2021
Figure 11: Global: I-Joist Market: Value Trends (in Billion US$), 2016-2021  
Figure 12: I-Joist Market: Price Structure (US$/Cubic Metre)
Figure 13: Global: I-Joist Market: Average Prices (in US$/Cubic Metre), 2016-2021 
Figure 14: Global: I-Joist Market Forecast: Average Prices (in US$/Cubic Metre), 2022-2027
Figure 15: Global: I-Joist Market: Breakup by Region (in %), 2021
Figure 16: Global: I-Joist Market: Breakup by Sector (in %), 2021  
Figure 17: Global: I-Joist Market: Breakup by New Construction and Replacement (in %), 2021
Figure 18: Global: I-Joist Market: Breakup by Application (in %), 2021
Figure 19: Global: I-Joist Market Forecast: Volume Trends (in Million Cubic Metres), 2022-2027
Figure 20: Global: I-Joist Market Forecast: Value Trends (in Billion US$), 2022-2027 
Figure 21: Global: I-Joist Industry: SWOT Analysis    
Figure 22: Global: I-Joist Industry: Value Chain Analysis    
Figure 23: Global: I-Joist Industry: Porters Five Forces Analysis    
Figure 24: Asia-Pacific: I-Joist Market (in Million Cubic Metres), 2016 & 2021
Figure 25: Asia-Pacific: I-Joist Market Forecast (in Million Cubic Metres), 2022-2027
Figure 26: North America: I-Joist Market (in Million Cubic Metres), 2016 & 2021
Figure 27: North America: I-Joist Market Forecast (in Million Cubic Metres), 2022-2027
Figure 28: Europe: I-Joist Market (in Million Cubic Metres), 2016 & 2021
Figure 29: Europe: I-Joist Market Forecast (in Million Cubic Metres), 2022-2027
Figure 30: Latin America: I-Joist Market (in Million Cubic Metres), 2016 & 2021
Figure 31: Latin America: I-Joist Market Forecast (in Million Cubic Metres), 2022-2027
Figure 32: Middle East and Africa: I-Joist Market (in Million Cubic Metres), 2016 & 2021
Figure 33: Middle East and Africa: I-Joist Market Forecast (in Million Cubic Metres), 2022-2027
Figure 34: Global: I-Joist (Residential) Market: Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 35: Global: I-Joist (Residential) Market Forecast: Volume Trends (in Million Cubic Metres), 2022-2027
Figure 36: Global: I-Joist (Commercial) Market: Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 37: Global: I-Joist (Commercial) Market Forecast: Volume Trends (in Million Cubic Metres), 2022-2027
Figure 38: Global: I-Joist (New Construction) Market: Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 39: Global: I-Joist (New Construction) Market Forecast: Volume Trends (in Million Cubic Metres), 2022-2027
Figure 40: Global: I-Joist (Replacement) Market: Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 41: Global: I-Joist (Replacement) Market Forecast: Volume Trends (in Million Cubic Metres), 2022-2027
Figure 42: Global: I-Joist Market (Application in Floors): Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 43: Global: I-Joist Market Forecast (Application in Floors): Volume Trends (in Million Cubic Metres), 2022-2027
Figure 44: Global: I-Joist Market (Application in Roofs): Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 45: Global: I-Joist Market Forecast (Application in Roofs): Volume Trends (in Million Cubic Metres), 2022-2027
Figure 46: Global: I-Joist Market (Other Applications): Volume Trends (in Million Cubic Metres), 2016 & 2021
Figure 47: Global: I-Joist Market Forecast (Other Applications): Volume Trends (in Million Cubic Metres), 2022-2027

List of Tables

Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2021 and 2027    
Table 2: Global: I-Joist Market: Key Industry Highlights, 2021 and 2027    
Table 3: Global: I-Joist Market Forecast: Breakup by Region (in Million Cubic Metres), 2022-2027  
Table 4: Global: I-Joist Market Forecast: Breakup by Sector (in Million Cubic Metres), 2022-2027   
Table 5: Global: I-Joist Market Forecast: Breakup by New Construction and Replacement (in Million Cubic Metres), 2022-2027 
Table 6: Global: I-Joist Market Forecast: Breakup by Application (in Million Cubic Metres), 2022-2027 
Table 7: Global: I-joist Market: Competitive Structure
Table 8: Global: I-Joist Market: Key Players

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Key Questions Answered in This Report

The global I-joist market was valued at US$ 2.1 Billion in 2021.

We expect the global I-joist market to exhibit a CAGR of 6.75% during 2022-2027.

The emerging trend of smart cities, along with the growing application of I-joist wood for installing flooring and roof framing, as it is lightweight, resilient, and provides enhanced aesthetic appearance, is primarily driving the global I-joist market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities and supply chain disruption of I-joist wood products.

Based on the sector, the global I-joist market can be categorized into residential and commercial, where the residential sector currently exhibits a clear dominance in the market.

Based on the new construction and replacement, the global I-joist market has been segmented into new construction and replacement. Currently, new construction represents the largest market share.
 

Based on the application, the global I-joist market can be bifurcated into floors, roofs, and other applications. Among these, floors currently account for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market. 

Some of the major players in the global I-joist market include Boise Cascade, Louisiana-Pacific, MCL Mid-Columbia Lumber, Nordic Structures, Roseburg Forest Products Co (RLC Industries Co.), Stark Truss Company, Inc., STEICO SE (Schramek GmbH), Weyerhaeuser Company, etc.

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