Global Wood Truss Market Value Expected to Surge at 5.2% CAGR, Reaching USD 1.45 Bn by 2030

Since wood truss is used in the majority of residences and buildings, North America is leading the world market for wood truss. In 2023, wood trusses will make up over 62% of all residential space. Prefabricated wood truss modules are widely used in new homes in North America's main

Wood Truss Market Overview

The market for next-generation video codecs was estimated to be worth US$ 2.38 billion in 2023 and is projected to reach US$ 11.52 billion in 2030. The global market for next-generation video codecs is anticipated to expand at a compound annual growth rate (CAGR) of 25.27% during the projected period.

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Wood Truss Market Report Scope and Research Methodology

The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Wood Truss market. The report is an in-depth analysis of the Wood Truss market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Wood Truss market. The bottom-up approach was used to understand the Wood Truss market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Wood Truss market.

The Wood Truss Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the Wood Truss industry.

Wood Truss Market Regional Insights

Regional analysis is conducted to assess the status of the Wood Truss market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Wood Truss market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

Wood Truss Market Segmentation  :

By Shape

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

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

The market is divided into two segments: residential and commercial. The wood truss market is dominated by the residential segment, which is also very popular in North American and European nations. In homes, wood trusses make up about 60% of the roof. Wood trusses are used in 95% of newly built homes in Canada because of their ability to withstand heat.

 

 

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Wood Truss Market Key Players :

 

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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Key questions answered in the Wood Truss Market are:

  • What is Wood Truss ?
  • What was the Wood Truss market size in 2023?
  • What is the growth rate of the Wood Truss Market?
  • Which are the factors expected to drive the Wood Truss market growth?
  • What are the different segments of the Wood Truss Market?
  • What growth strategies are the players considering to increase their presence in Wood Truss ?
  • What are the upcoming industry applications and trends for the Wood Truss Market?
  • What segments are covered in the Wood Truss Market?
  • Who are the leading companies and what are their portfolios in Wood Truss Market?
  • What segments are covered in the Wood Truss Market?
  • Who are the key players in the Wood Truss market?

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Key Offerings:

  • Market Size, Share, Size & Forecast by Different Segment 
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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