Floor and Roof Joists Market Size, Share, Growth, and Industry Growth by Type (Wood, Metal, Plastic, and Other), By Application (Floor, Roof, and Others), Regional Forecast To 2033

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FLOOR AND ROOF JOISTS MARKET REPORT OVERVIEW

Global floor and roof joists market size was valued at approximately USD 10.5 Billion in 2024 and market is projected to touch USD 15.4 Billion by 2033, exhibiting a CAGR of 5% during the forecast period.

Floor and roof joists are structural elements used in building construction to support the weight of floors and roofs respectively. Floor joists are horizontal members that span between the foundation walls or beams of a building, and support the weight of the floor and everything on it. They are typically made of wood, steel or concrete, and are spaced at regular intervals depending on the size and load requirements of the floor.

Roof joists, on the other hand, are horizontal members that support the weight of the roof and transfer it to the walls or beams of the building. They are also typically made of wood, steel or concrete, and are spaced at regular intervals depending on the size and load requirements of the roof. Both floor and roof joists are essential components of a building's structure, and must be designed and installed according to local building codes and industry standards to ensure their strength and durability.

COVID-19 IMPACT

"Pandemic Norms Reduced Market Demand"

COVID-19 had a life changing impact globally. The global floor and roof joists market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for floor and roof joists experienced a significant lull.

The market for floor and roof joists has been significantly impacted by the COVID-19 pandemic, which has caused disruptions in global supply chains, resulting in shortages of raw materials and delayed manufacturing and shipping. As a consequence, the prices of floor and roof joist products have increased, and their availability has been affected. The pandemic's economic slowdown has also led to a decrease in demand for construction and renovation projects, further impacting the market for floor and roof joists.

In response to the pandemic, construction sites have had to implement safety measures, such as social distancing and increased sanitation, leading to increased costs and longer project timelines. The labor shortages in the construction industry caused by the pandemic have also negatively impacted the floor and roof joists market, as many workers are either unable or unwilling to work due to health concerns. These factors have impacted the global floor and roof joists market share during the pandemic.

LATEST TRENDS

"Enhanced Integration to Benefit Market Prospects"

There is a growing trend towards integrating floor and roof joist systems with other building systems such as HVAC and electrical systems. This allows for a more efficient and streamlined building process. The use of Building Information Modelling [BIM] software is becoming increasingly common in the construction industry, and it is also being used to design and manufacture floor and roof joists. BIM can improve accuracy and reduce waste during the design and manufacturing process.

Prefabrication techniques have become more prevalent in the construction industry, and this trend has now extended to floor and roof joists. The use of prefabricated joists that are manufactured off-site can significantly reduce lead times and installation times on-site. Additionally, there is a growing focus on sustainability in the construction industry, leading many manufacturers to explore the use of eco-friendly materials, such as sustainably sourced wood and recycled materials, for floor and roof joists. These developments are anticipated to boost the global floor and roof joists market share.

FLOOR AND ROOF JOISTS MARKET SEGMENTATION

By Type

Based on type, the market is divided into Wood, Metal, Plastic, and Other.

By Application

Based on application, the market is bifurcated into Floor, Roof, and Others.

DRIVING FACTORS

"Demand for Construction Industry to Boost Market Share"

The floor and roof joists market is strongly influenced by the growth of the construction industry, as joists play a critical role in building construction. The market is being driven by the increasing demand for new residential and commercial buildings, as well as the renovation of existing structures. The introduction of innovative materials, such as engineered wood products, has expanded the options available to builders and architects, resulting in increased efficiency and sustainability in the construction process. These advancements have contributed to the growth of the global floor and roof joists market.

"Shifting Urbanization to Boost Market Size"

As per the United Nations, urbanization is a significant global development goal, and over 50% of the world's population already resides in cities. This trend is expected to continue, and it is projected that the urban population will reach 68% by 2050. Due to the increasing population density in urban areas, there is a growing demand for floor and roof joists to ensure durable construction of houses and building complexes. Floor and roof joists are often preferred due to their durability and sustainable construction methods. These factors are expected to drive the global floor and roof joists market size.

RESTRAINING FACTORS

"Inconsistent Industry Trends to Hamper Market Share"

The cost of raw materials used in the production of floor and roof joists, such as wood and steel, can fluctuate due to changes in global supply and demand. This can lead to increased costs for manufacturers and potentially higher prices for consumers. Economic downturns can result in a reduction in construction activity, which can negatively impact the demand for floor and roof joists. The production of traditional wood joists can have negative environmental impacts, such as deforestation and habitat destruction. These factors could be a determinant for negative trends in the global floor and roof joists market share.

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FLOOR AND ROOF JOISTS MARKET REGIONAL INSIGHTS

"North America Dominates the Floor and Roof Joists Market "

North America is the major shareholder for the global floor and roof joists market share. This can be attributed to the high demand for new residential and commercial construction, renovation of existing structures, and the stringent building codes and regulations in the region that require the use of floor and roof joists in construction. It is also driven by factors such as the growth of the construction industry, the renovation of existing structures, and the increasing demand for energy-efficient buildings. Europe stands second as the major shareholder in the global floor and roof joists market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top Floor And Roof Joists Companies

• Westfraser [Canada]
• Boise Cascade [U.S.]
• Roseburg [U.S.]
• LP Roofing [U.S.]
• EACOM Timber Corporation [Canada]
• Chantiers Chibougamau Nordic [Canada]
• Pacific Woodtech Corporation [U.S]
• Stark Truss Company, Inc. [U.S.]
• International Beams [U.S]
• Weyerhaeuser NR Company [U.S.]
• PinkWood Ltd [India]
• Redbuilt [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.