Wood Truss Market is Expected to Lead Asia-Pacific through 2030 and rise at a 5.2% CAGR

Wood Truss Market is projected to grow to a value of USD 1.45 billion by 2030. Globally, the market is largely driven by the increasing demand for cost-effective, sustainable, and efficient construction solutions in residential, commercial, and industrial developments.

Market to Hit USD 1.45 Bn by 2030

Wood Truss Market was USD 1.02 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030, reaching USD 1.45 Bn by 2030. The price and sustainability of wood truss are the main drivers propelling the industry. Wood trusses are an essential structural component that offer a number of benefits, including quick construction timelines, reduced waste, and lower labor costs, due to their off-site assembly. Demand is being driven, particularly in North America and Europe, by the move toward sustainable building methods that link wood trusses with green building concepts. Additionally, because wood is a renewable resource that helps trap carbon, it is becoming a more popular material in the building industry.

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Market Segmentation

By Type: Wood trusses are most frequently used in the roof category, which holds the largest market share. Because of their low cost, ease of use, and ability to deliver high strength with less material, roof wood trusses are much sought after. Wood trusses provide the greatest options for a variety of roof types, including flat and pitched roofs, allowing for greater design flexibility in construction. 

By Application: Wood trusses are widely utilized in residential constructions because they offer excellent thermal insulation in addition to structural strength. Wood trusses are used in around 95% of new homes in nations like Canada because they are economical and energy-efficient. Wood is a popular material among builders and homeowners looking for economical and ecologically friendly materials because of its inherent insulating qualities, which lower heating expenses. 

Market Regional Analysis

North America, the wood truss market is still dominated by the US and Canada in particular, accounting for more than 62% of all residential construction in 2023. Wood trusses are becoming more and more popular in this area due to their cost-effectiveness, energy efficiency, and environmental advantages. 

Europe, helps the market for wood trusses grow, particularly in countries like Finland, Sweden, and Germany that have a strong history of building with wood.  The growing trend of environmentally and energy-efficient building methods in the European market is driving up demand for wood trusses. 

Asia Pacific, has a significant effect on the growth of the wood truss market, particularly in countries like Finland, Sweden, and Germany that have a long history of using wood in construction. The demand for wood trusses is rising as the European market shifts to more ecological and energy-efficient building methods. 

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Market Competitive Landscape 

84 Lumber: In January 2024, has established a new truss manufacturing facility in South Carolina with the goal of satisfying the growing demand for wall panels and wood trusses. 

TRS Components: In April 2023, through their merger, Terra Nova Truss (TNT) and TRS Components Inc. have strengthened their position in the wood truss industry. 

Trussway: In February 2024, in order to meet the rising demand for environmentally friendly building materials, a major participant in the wood truss market has extended its operations to Europe. 

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Conclusion

• The commercial, industrial, and residential sectors' desire for reasonably priced, eco-friendly, and energy-efficient building solutions is fueling expansion.
• Wood trusses offer reduced labor costs, faster construction, less waste, and energy efficiency all of which are consistent with green building principles.
• The increasing emphasis on eco-friendly and energy-efficient building methods is driving a steady expansion in the market for wood trusses.

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