Wood Truss Market Growth, Trends, and Emerging Construction Solutions

► Wood Truss Market Poised for Significant Growth by 2030

The global wood truss market, valued at USD 1.02 billion in 2023, is projected to reach USD 1.45 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. This growth is driven by the increasing adoption of wood trusses in residential and commercial construction due to their cost-effectiveness, design flexibility, and sustainability.​

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► Competitive Landscape

The wood truss market is witnessing strategic initiatives by key players to strengthen their market positions. For instance, 84 Lumber inaugurated a new plant in South Carolina in January 2024, enhancing its production capabilities to meet rising customer demand. Similarly, TRS Components Inc. and Terra Nova Truss (TNT) merged in April 2023, aiming to leverage synergies and set new industry standards. ​

► Regional Insights

• North America:

North America dominates the wood truss market, with over 62% of residential areas utilizing wood trusses in 2023. Countries like Canada are leading in adopting prefabricated wood truss modules for new housing projects. The flexibility and aesthetic appeal of wood trusses have made them a preferred choice in restaurants and corporate buildings, further driving market growth. ​

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• Asia Pacific:

The Asia Pacific region is emerging as a lucrative market for wood trusses, fueled by increasing construction activities and a shift towards sustainable building practices. The demand for cost-effective and flexible construction solutions is propelling the adoption of wood trusses in residential and commercial sectors. ​

• Europe:

In Europe, the wood truss market is experiencing steady growth, supported by the region's focus on sustainable construction methods. The use of wood trusses aligns with environmental regulations and the push for greener building solutions. Companies like Hess Timber, Gipen, and Haring Engineering are notable players contributing to the market dynamics in this region. ​

• Middle East and Africa:

The Middle East and Africa region is gradually recognizing the benefits of wood trusses in construction. However, the market faces challenges due to the dominance of traditional construction materials and methods. Efforts are underway to promote the advantages of wood trusses, particularly in terms of sustainability and cost-effectiveness. ​

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► Market Segmentation: In-Depth Analysis:

• By Shape

Fink
Mono
Scissors
Room-in-attic
Pitched or Triangular
Parallel or Flat
Others (King Post Truss, Howe Truss, Etc.)

Fink, Mono, Scissors, Room-in-attic, Pitched or Triangular, Parallel or Flat, and Others (King Post Truss, Howe Truss, etc.) are the divisions of the section. In building, the triangle wood truss is the most popular shape and is utilized extensively. The triangular wood truss integrates vertical and horizontal stresses securely and can tolerate tilt better than any other configuration.

• by Type

Roof
Floor

The segment is separated into the floor and roof sections. Since wood trusses are overused for roofing rather than flooring, they dominate the type section. Wood truss removes the need for on-site framing and building. Accurately fabricating wood trusses guarantees increased strength, continuous quality control, and uniformity and integrity in building construction, as well as lower maintenance costs and more roof flexibility. Due to its ability to withstand fire in structures, flooring is the second most popular section.

• By Application

Residential
Commercial

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-wood-truss-market/100679/

► Learn about the top players driving innovation in the Market :

1. Trussway Manufacturing, LLC (Texas)
2. Redbuilt (Boise)
3. Panel Truss (Texas)
4. Terra Nova Truss (Canada)
5. Lumber Specialties - US LBM (United States)
6. Wood System International (United States)
7. Barrette LTD (Liverpool)
8. A-1 Roof Trusses (United States)
9. UFP Mid-Atlantic (Michigan)
10. Woodbridge Corporation (Canada)
11. Roof Truss Cheshire (United States)
12. Stark Truss (United States)
13. ABC Truss (United States)
14. Hess Timber (Europe)
15. Ecocurves (Poland )
16. Gipen (Spain)
17. Haring Engineering (Germany)
18. Wiehag (Austria)
19. Piveteau Bois (France)
20. Ante-Group (Germany)
21. Aber Roof Truss (United Kingdom)
22. Truss Form Nuneaton (Europe)
23. The Forfar Roof Truss Company (United Kingdom)
24. National Timber (England)
25. David Smith ST Ives (Cambridge shire)
26. South Yorkshire Truss Supplies (United Kingdom)

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