The global I-joist market exhibited moderate growth during 2015-2020. 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. Looking forward, IMARC Group expects the global I-joist market to reach a value of US$ 2.89 Billion by 2026, exhibiting a CAGR of 6.60% during 2021-2026.
Breakup by Sector:
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.
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 Region
5.6 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), 2015-2020
Figure 3: Global: Engineered Wood Market: Value Trends (in Billion US$), 2015-2020
Figure 4: Global: Engineered Wood Market: Average Prices (in US$/Cubic Metre), 2015-2020
Figure 5: Global: Engineered Wood Market: Breakup by Product Type (in %), 2020
Figure 6: Global: Engineered Wood Market: Breakup by Application (in %), 2020
Figure 7: Global: Engineered Wood Market: Breakup by Region (in %), 2020
Figure 8: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2021-2026
Figure 9: Global: Engineered Wood Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 10: Global: I-Joist Market: Volume Trends (in Million Cubic Metres), 2015-2020
Figure 11: Global: I-Joist Market: Value Trends (in Billion US$), 2015-2020
Figure 12: I-Joist Market: Price Structure (US$/Cubic Metre)
Figure 13: Global: I-Joist Market: Average Prices (in US$/Cubic Metre), 2015-2020
Figure 14: Global: I-Joist Market Forecast: Average Prices (in US$/Cubic Metre), 2021-2026
Figure 15: Global: I-Joist Market: Breakup by Region (in %), 2020
Figure 16: Global: I-Joist Market: Breakup by Sector (in %), 2020
Figure 17: Global: I-Joist Market: Breakup by New Construction and Replacement (in %), 2020
Figure 18: Global: I-Joist Market: Breakup by End-Use (in %), 2020
Figure 19: Global: I-Joist Market Forecast: Volume Trends (in Million Cubic Metres), 2021-2026
Figure 20: Global: I-Joist Market Forecast: Value Trends (in Billion US$), 2021-2026
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), 2015 & 2020
Figure 25: Asia-Pacific: I-Joist Market Forecast (in Million Cubic Metres), 2021-2026
Figure 26: North America: I-Joist Market (in Million Cubic Metres), 2015 & 2020
Figure 27: North America: I-Joist Market Forecast (in Million Cubic Metres), 2021-2026
Figure 28: Europe: I-Joist Market (in Million Cubic Metres), 2015 & 2020
Figure 29: Europe: I-Joist Market Forecast (in Million Cubic Metres), 2021-2026
Figure 30: Latin America: I-Joist Market (in Million Cubic Metres), 2015 & 2020
Figure 31: Latin America: I-Joist Market Forecast (in Million Cubic Metres), 2021-2026
Figure 32: Middle East and Africa: I-Joist Market (in Million Cubic Metres), 2015 & 2020
Figure 33: Middle East and Africa: I-Joist Market Forecast (in Million Cubic Metres), 2021-2026
Figure 34: Global: I-Joist (Residential) Market: Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 35: Global: I-Joist (Residential) Market Forecast: Volume Trends (in Million Cubic Metres), 2021-2026
Figure 36: Global: I-Joist (Commercial) Market: Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 37: Global: I-Joist (Commercial) Market Forecast: Volume Trends (in Million Cubic Metres), 2021-2026
Figure 38: Global: I-Joist (New Construction) Market: Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 39: Global: I-Joist (New Construction) Market Forecast: Volume Trends (in Million Cubic Metres), 2021-2026
Figure 40: Global: I-Joist (Replacement) Market: Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 41: Global: I-Joist (Replacement) Market Forecast: Volume Trends (in Million Cubic Metres), 2021-2026
Figure 42: Global: I-Joist Market (Application in Floors): Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 43: Global: I-Joist Market Forecast (Application in Floors): Volume Trends (in Million Cubic Metres), 2021-2026
Figure 44: Global: I-Joist Market (Application in Roofs): Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 45: Global: I-Joist Market Forecast (Application in Roofs): Volume Trends (in Million Cubic Metres), 2021-2026
Figure 46: Global: I-Joist Market (Other Applications): Volume Trends (in Million Cubic Metres), 2015 & 2020
Figure 47: Global: I-Joist Market Forecast (Other Applications): Volume Trends (in Million Cubic Metres), 2021-2026
List of Tables
Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: I-Joist Market: Key Industry Highlights, 2020 and 2026
Table 3: Global: I-Joist Market Forecast: Breakup by Region (in Million Cubic Metres), 2021-2026
Table 4: Global: I-Joist Market Forecast: Breakup by Sector (in Million Cubic Metres), 2021-2026
Table 5: Global: I-Joist Market Forecast: Breakup by New Construction and Replacement (in Million Cubic Metres), 2021-2026
Table 6: Global: I-Joist Market Forecast: Breakup by Application (in Million Cubic Metres), 2021-2026
Table 7: Global: I-joist Market: Competitive Structure
Table 8: Global: I-Joist Market: Key Players