This study analyzes US demand for engineered lumber by product type, market (new residential, residential repair and remodeling, commercial, and nonbuilding), and application.
Historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 are presented for engineered lumber demand in board feet and current US dollars (including inflation). Demand in value terms is measured at the manufacturers’ level and excludes distributor and retailer markups.
Excluded from the scope of the study are engineered wood products such as particleboard, plywood, medium-density fiberboard (MDF), high-density fiberboard (HDF), hardboard, and oriented strand board (OSB) (plywood and OSB are included when they are used as part of I-joists). These wood products differ from engineered lumber in that engineered wood products consist of reformulated wood materials – sawdust, wood shavings, shells, and other materials - where engineered lumber is only made with solid wood lumber.
Also analyzed are engineered lumber shipments, imports, and exports, and demand by major US region.
Historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 are presented for engineered lumber demand in board feet and current US dollars (including inflation). Demand in value terms is measured at the manufacturers’ level and excludes distributor and retailer markups.
The major product segments are:
- I-joists
- laminated veneer lumber (LVL)
- glulam (or glued laminated timber)
- other engineered lumber products such as:
- cross-laminated timbers (CLTs)
- rim board
- structural composite lumber (SCL), which comprises parallel strand lumber (PSL), laminated strand lumber (LSL), and oriented strand lumber (OSL)
Applications include structural and framing and outdoor and nonbuilding. Structural and framing consists of:
- structural floors and foundations
- structural roofing
- structural walls
Outdoor and nonbuilding includes:
- decking
- fencing
- porches
- structures such as gazebos and sheds
- bridges
Excluded from the scope of the study are engineered wood products such as particleboard, plywood, medium-density fiberboard (MDF), high-density fiberboard (HDF), hardboard, and oriented strand board (OSB) (plywood and OSB are included when they are used as part of I-joists). These wood products differ from engineered lumber in that engineered wood products consist of reformulated wood materials – sawdust, wood shavings, shells, and other materials - where engineered lumber is only made with solid wood lumber.
Also analyzed are engineered lumber shipments, imports, and exports, and demand by major US region.
Table of Contents
1. Executive Summary2. About This Report
- Report Details
- Study Scope & Product Description
- Impact of COVID-19 Pandemic
3. Overview
- Historical Market Trends
- Supply & Demand
- Regional Trends
- Pricing Trends
- Competitive Products
4. Markets & Applications
- Demand by Market & Application
- Structural & Framing
- Outdoor & Nonbuilding Applications
5. Products
- Demand by Product
- I-Joists
- Laminated Veneer Lumber (LVL)
- Glulam (Glued Laminated Timber)
- Other Engineered Lumber
6. Key Suppliers & Market Share
- Industry Composition
- Market Share
7. Appendix
- Scope
- Definitions
- Study-Specific Methodology
- Sources
- Associations & Agencies
- Related Studies & Reports
- Macroeconomic Assumptions
- Economic Environment
- Demographic Trends
- Consumer Spending
- Consumer Financing
- Building Construction
- Residential Building Construction
- New Housing
- Housing Stock
- Residential Improvements & Repairs
- Commercial Building Construction
- Commercial Building Stock
- Commercial Improvements & Repairs
- Nonbuilding Construction Expenditures
- Manufacturers’ Shipments
List of Tables
2. About This Report
Table 2-1 Annual Engineered Lumber Demand, 2019-2021 (million board feet)
3. Overview
Table 3-1 Engineered Lumber Demand, 2010-2020 (million board feet & million dollars)
Table 3-2 Engineered Lumber Supply & Demand, 2010-2030 (million board feet)
Table 3-3 Engineered Lumber Demand by Region, 2010-2030 (million board feet)
Table 3-4 Average Engineered Lumber Prices by Product, 2010-2030(dollars per board foot)
4. Markets & Applications
Table 4-1 Engineered Lumber Demand by Market & Application, 2010-2030 (million board feet)
Table 4-2 Structural & Framing Engineered Lumber Demand by Product & End Use, 2010-2030 (million board feet)
Table 4-3 Outdoor & Nonbuilding Engineered Lumber Demand by Product, 2010-2030 (million board feet)
5. Products
Table 5-1 Engineered Lumber Demand by Product, 2010-2030 (million board feet & million dollars)
Table 5-2 I-Joist Demand by Application & Region, 2010-2030 (million board feet & million dollars)
Table 5-3 Laminated Veneer Lumber (LVL) Demand by Application & Region, 2010-2030 (million board feet & million dollars)
Table 5-4 Glulam Demand by Application & Region, 2010-2030 (million board feet & million dollars)
Table 5-5 Other Engineered Lumber Demand by Product, Application, & Region, 2010-2030 (million board feet & million dollars)
7. Appendix
Table 7-1 Study Scope: US Geographic Regions & Subregions
Table 7-2 Relevant Industry Codes
Table 7-3 Relevant HS Codes
Table 7-4 Macroeconomic Indicators, 2010-2030 (billion 2012 dollars)
Table 7-5 Population & Households, 2010-2030 (million persons)
Table 7-6 Personal Consumption Expenditures, 2010-2030 (billion 2012 dollars)
Table 7-7 Consumer Financing Environment, 2010-2
Table 7-8 Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 7-9 Residential Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 7-10 New Housing Indicators, 2010-2
Table 7-11 Housing Stock by Type, 2010-2030 (million units)
Table 7-12 Residential Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 7-13 Commercial Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 7-14 Commercial Building Stock by Type, 2010-2030 (billion 2012 dollars)
Table 7-15 Commercial Building Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 7-16 Nonbuilding Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 7-17 Manufacturers’ Shipments, 2010-2030 (billion 2012 dollars & billion dollars)
List of Figures
1. Executive Summary
Figure 1-1 US Engineered Lumber Market
2. About This Report
Figure 2-1 Annual Engineered Lumber Volume Demand Growth, 2018-2023 (% annual change)
3. Overview
Figure 3-1 Engineered Lumber Demand, 2000-2020 (million board feet)
Figure 3-2 Engineered Lumber Pricing, 2010-2030 (dollars per board foot)
Figure 3-3 Comparative Growth: Engineered Lumber & Competitive Products, 2020-2025 (% CAGR)
4. Markets & Applications
Figure 4-1 Engineered Lumber Demand by Market, 2010-2030 (million board feet)
Figure 4-2 Structural & Framing Engineered Lumber Demand by End Use, 2010-2030 (million board feet)
Figure 4-3 Outdoor & Nonbuilding Engineered Lumber Demand, 2010-2030 (million board feet)
5. Products
Figure 5-1 Engineered Lumber Demand by Product, 2010-2030 (million board feet)
Figure 5-2 I-Joist Demand, 2010-2030 (million board feet)
Figure 5-3 Laminated Veneer Lumber (LVL) Demand, 2010-2030 (million board feet)
Figure 5-4 Glulam Demand by Application, 2010-2030 (million board feet)
Figure 5-5 Other Engineered Lumber Demand by Product, 2010-2030 (million board feet)
6. Key Suppliers & Market Share
Figure 6-1 Engineered Lumber Market Share by Company, 2020 (billion dollars)
Figure 6-2 Engineered Lumber Market Leading Supplier, 2020
Figure 6-3 Engineered Lumber Market Second Leading Supplier, 2020
Figure 6-4 Engineered Lumber Market Third Leading Supplier, 2020
Figure 6-5 Engineered Lumber Market Fourth Leading Supplier, 2020
Samples
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Companies Mentioned
- Boise Cascade
- Louisiana-Pacific
- Roseburg Forest Products
- Weyerhaeuser
Methodology
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