Global Wood Truss Market to Grow from USD 1.07 Billion in 2024 to USD 1.60 Billion by 2032 at 5.2% CAGR - Sustainable Construction Trend

♦ Opening Paragraph

According to a new report by Maximize Market Research, the global wood truss market was valued at USD 1.07 billion in 2024 and is projected to reach approximately USD 1.60 billion by 2032, growing at a CAGR of 5.2% from 2025 to 2032.

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♦ Key Highlights
Market Size & CAGR: USD 1.07 billion in 2024; expected to reach ~USD 1.60 billion by 2032 at a CAGR of 5.2% .

Leading Application/Segment: Residential segment dominates; about 60% of roofs use wood truss, with Canada seeing 95% of new homes using them .

Largest Region: North America leads, accounting for over 62% of residential area outfitted with wood trusses in 2024 .

Key Drivers: Cost-effectiveness, off-site prefabrication, design flexibility, sustainability, thermal insulation, and reduced construction waste .

Restraints/Challenges: Competition from steel and concrete alternatives, skilled-labor shortages, building-code compliance, and environmental concerns about logging .

Top Companies: Trussway Manufacturing; RedBuilt; Panel Truss Texas; Lumber Specialties - US LBM; UFP Mid-Atlantic; Woodbridge Corporation; Hess Timber; GIPEN; Haring Engineering; WIEHAG; Piveteau Bois.

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♦ Body Content

Market Outlook

The wood truss market is poised for steady growth from 2025 to 2032, rising from USD 1.07 billion to approximately USD 1.60 billion (CAGR: 5.2%) . The expansion is supported by prefabrication trends that reduce labor time and waste, while wood's abundance and eco-friendly attributes enhance its appeal for sustainable construction projects .

Regional Insights

North America dominates the market, with over 62% of residential building area using wood trusses in 2024 and Canada especially reliant on trusses for nearly all new homes . Moreover, Europe and the Asia-Pacific region contribute meaningfully to growth, driven by rising wood-based construction and sustainability-focused practices.

Segment Analysis

By Shape: The triangular (pitched) truss is the most widely used due to its superior structural performance .

By Type: Roof trusses dominate, favored for off-site fabrication and uniform quality control; floor trusses rank second, offering fire resistance.

By Application: Residential is the leading application, widely adopted in North American and European markets. Commercial use grows steadily as design flexibility improves.

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Key Players & Competitive Landscape

Major players include Trussway Manufacturing, RedBuilt, Panel Truss Texas, Lumber Specialties (US LBM), UFP Mid-Atlantic, Woodbridge Corporation, Hess Timber, GIPEN, Haring Engineering, WIEHAG, and Piveteau Bois. Strategic developments include:

84 Lumber opened its first truss plant in South Carolina in January 2024, a 78,624 sq ft facility producing trusses and wall panels and hiring about 90 staff.

TRS Components Inc. and Terra Nova Truss (TNT) completed a merger on April 1, 2023, enhancing product offerings and operational efficiencies across North America .

Trends & Challenges

The market is shaped by the quest for sustainability and lean, off-site construction, but constrained by regulatory complexities, shortages of skilled labor, and the environmental implications of wood sourcing. Competition from steel and concrete persists as a key barrier.

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

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