I-Joist Market Report by Sector (Residential, Commercial), New Construction and Replacement (New Construction, Replacement), Application (Floors, Roofs, and Other applications), and Region 2024-2032

I-Joist Market Report by Sector (Residential, Commercial), New Construction and Replacement (New Construction, Replacement), Application (Floors, Roofs, and Other applications), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A799
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Market Overview:

The global I-joist market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032. The increasing construction of residential and commercial buildings, rising implementation of stringent environmental regulations and standards in the construction industry, and continuous improvements in logistics and supply chain management are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023 US$ 2.4 Billion
Market Forecast in 2032 US$ 4.5 Billion
Market Growth Rate 2024-2032 6.9%

An I-joist, also known as an engineered wood I-beam, is a structural component used in construction for providing support to floors, roofs, and walls. It consists of a top and bottom flange that are usually made of dimensional lumber and connected by a vertical web. It enhances the load-bearing capacity and reduces the overall weight of the joist. It is treated with fire-resistant coatings to enhance its fire performance and maintain structural integrity during emergencies. It offers exceptional strength and stability, which ensures reliable structural performance in various applications.

Global I-Joist Market

The growing commercial real estate market is creating more opportunities for the use of I-joists in office buildings, retail spaces, and other commercial structures. Additionally, the rise of modular and prefab construction methods is positively influencing the market. Apart from this, the relative ease and speed of installing I-joists over traditional lumber are promoting the adoption of I-joists across the globe. Furthermore, continuous improvements in logistics and supply chain management are making I-joists more accessible and affordable. Moreover, advancements in wood processing are making the raw materials for I-joists more readily available. Besides this, collaborations between I-joist manufacturers and construction companies for bulk supply deals are favoring the market growth.

I-Joist Market Trends/Drivers:

Rise in infrastructure projects

The expanding global population and the increasing construction activities of residential and commercial buildings are catalyzing the demand for efficient and reliable structural solutions, like I-joists. Additionally, urban development is driving the need for taller and more space-efficient buildings, installed with I-joists ability to provide extended spans and open layouts. Apart from this, the rising construction of multi-story buildings is promoting the use of long-span structural components like I-joists to maintain stability and design flexibility across different levels. Furthermore, the ease of installation and integrated utility runs in I-joists accelerate construction processes and assist constructors in meeting the demand for quicker project completion in busy urban environments.

Construction speed and efficiency

The rapid installation process of I-joists, on account of their consistent dimensions and pre-engineered design, is significantly reducing construction timelines, which is driving its demand in the construction industry. Apart from this, the increasing use of I-joists in the commercial sector due to their built-in utility openings is allowing for seamless installation of electrical, plumbing, and HVAC systems during framing, streamlining subsequent construction phases, which is strengthening the growth of the market. Furthermore, the rising awareness among individuals about the benefits offered by I-joists in improving the life span of structures is positively influencing the market.

Environmental sustainability

The growing environmental consciousness among the masses represents one of the key factors driving the demand for environment friendly construction materials. I-joists are manufactured using engineered wood, which promotes sustainable forestry practices and reduces the demand for traditional timber resources. Apart from this, the rising pollution level and the increasing prevalence of various diseases are offering a favorable market outlook. The manufacturing process of I-joists generates fewer greenhouse gas emissions compared to alternatives like steel or concrete, aligning with eco-conscious construction practices. Furthermore, the increasing environmental regulations and standards in the construction industry are catalyzing the demand for sustainable building materials like I-joists.

I-Joist Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global I-joist market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on sector, new construction and replacement, and application.

Breakup by Sector:

  • Residential
  • Commercial

Residential dominates the market

The report has provided a detailed breakup and analysis of the market based on sector. This includes residential and commercial. According to the report, residential holds the largest market share due to the rising need for customized layouts and open floor plans in the residential sector. I-joists offer more design flexibility due to their lighter weight and greater span capabilities. Apart from this, I-joists are cost-effective solutions as compared to traditional lumber joists, which drives its demand in the residential sector. Furthermore, they are less likely to bow, twist, and shrink, which makes them a reliable option for homeowners looking for quality and longevity. Moreover, I-joists are often easier and quicker to install than traditional lumber, enabling faster construction timelines. 

Breakup by New Construction and Replacement:

  • New Construction
  • Replacement

New construction accounts for the majority of the market share

A detailed breakup and analysis of the market based on the new construction and replacement has also been provided in the report. This includes new construction and replacement. According to the report, new construction represents the largest market segment due to the increasing global population and rapid urbanization, which leads to an increasing need for new housing and commercial buildings. Additionally, new constructions are subject to the latest building codes and regulations, which require the use of strong and energy-efficient materials like I-joists. Apart from this, manufacturers of I-joists have well-established relationships with new construction firms, which helps streamline the supply chain and ensures timely and efficient delivery of materials. Furthermore, the incorporation of smart home technologies and advanced mechanical systems in new construction projects necessitates I-joists as they offer structural integrity and design flexibility to easily accommodate these technologies.

Breakup by Application:

  • Floors
  • Roofs
  • Other applications

Floors hold the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes floors, roofs, and other applications. According to the report, floors accounted for the largest market share as flooring involves large surface areas, and any inefficiency in material use leads to increased costs. I-joists are designed for optimal material utilization, which aids in reducing wastage and making them more cost-effective for flooring projects. Apart from this, flooring needs materials with optimal structural integrity and robust support like I-joists. Furthermore, the configuration of I-joists allows easier and more effective installation of insulation materials to reduce heat loss and enhance the overall energy efficiency of the building. Moreover, I-joists offer the ability to span long distances without requiring intermediate support columns. This design flexibility is advantageous in modern flooring applications, which feature open floor plans and large, uninterrupted spaces.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

North America exhibits a clear dominance, accounting for the largest I-joist market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share due to the presence of well-established supply chains and distribution networks in North America, which makes it easier for I-joist manufacturers to deliver their products efficiently. Additionally, the region is a hub for construction innovation and research and development (R&D) activities to promote the adoption of engineered products like I-joists. Furthermore, the preference for open floor plans and custom-designed homes in North America aligns well with the design flexibility offered by I-joists. Furthermore, North America, particularly the United States, has a robust and continually growing construction industry. The sustained demand for new residential and commercial projects drives the need for construction materials like I-joists.

Competitive Landscape:

Companies are continually investing in research and development (R&D) activities to enhance the design, strength, and efficiency of I-joists. This includes developing new materials, improving manufacturing processes, and incorporating advanced technologies to meet evolving construction needs. Additionally, many companies are emphasizing sustainability by using responsibly sourced materials and eco-friendly manufacturing practices. Apart from this, manufacturers are offering a wide range of sizes, shapes, and load-bearing capacities to cater to diverse project requirements. Furthermore, they are investing in educational resources and training programs to educate builders, contractors, and other stakeholders about the benefits, installation, and proper use of I-joists in construction projects.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Boise Cascade Company
  • Louisiana-Pacific Corporation
  • Nordic Structures
  • Roseburg Forest Products Co.
  • Stark Truss Company, Inc.
  • Weyerhaeuser Company

Recent Developments:

  • In November 2021, Boise Cascade Company announced the expansion of its Ohio Valley Building Materials Distribution (BMD) network to expand their product offering.
  • In June 2022, Louisiana-Pacific Corporation announced an agreement with Pacific Woodtech to acquire LP's Engineered Wood Products (EWP) business for $210 Million.

I-Joist Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Cubic Metres
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Sector
  • New Construction and Replacement
  • Application
  • Region
Sectors Covered Residential, Commercial
New Constructions and Replacements Covered New Construction, Replacement
Applications Covered Floors, Roofs, Other Applications
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Boise Cascade Company, Louisiana-Pacific Corporation, Nordic Structures, Roseburg Forest Products Co., Stark Truss Company, Inc., STEICO SE, Weyerhaeuser Company, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the I-joist market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global I-joist market.
  • The study maps the leading, as well as the fastest-growing, regional markets.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the I-joist industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global I-joist market was valued at US$ 2.4 Billion in 2023.

We expect the global I-joist market to exhibit a CAGR of 6.9% during 2024-2032.

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 Company, Louisiana-Pacific Corporation, Nordic Structures, Roseburg Forest Products Co., Stark Truss Company, Inc., STEICO SE, Weyerhaeuser Company, etc.

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I-Joist Market Report by Sector (Residential, Commercial), New Construction and Replacement (New Construction, Replacement), Application (Floors, Roofs, and Other applications), and Region 2024-2032
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