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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.
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:
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:
Breakup by Application:
Region-wise, North America holds the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
|Base Year of the Analysis||2021|
|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)|
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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