Global Roof Truss Market growing at a CAGR of 4.8% from 2023 to 2031
Category : Manufacturing and Construction | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the roof truss market is predicted to grow at a compound annual growth rate of 4.8% from 2023 to 2031 and is expected to reach USD 2,464.06 million in 2031 and 1,693.61 million in 2023 which was valued at USD 1,626.67 million in 2022.
The report highlights the significant growth in residential and commercial construction projects across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the roof truss market.
Global Roof Truss Market By Overview
The roof truss market is bifurcated into material, product type, and end-use. Based on material, the market is segmented into wood, steel, and concrete. In 2022, the wood segment dominated in the overall roof truss market. Based on product type, the segment is categorized into king post truss, queen post truss, scissor roof truss, quadrangular roof truss, fan truss, pratt truss, and others. In 2022, the king post truss segment accounted for the highest market share in the roof truss market. Based on end-use, the market is segmented into residential, commercial, agricultural, and others. In 2022, the residential segment dominated the overall roof truss market.
Get Free SampleMarket Dynamics
Driver:
- Growing residential & commercial construction activities across the globe is driving the demand for roof truss.
- Increasing infrastructure development activities worldwide is propelling the market growth of roof truss.
Restraints:
- Higher costs and maintenance constraints regarding roof trusses are restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Material | Wood, Steel, and Concrete |
| By Product Type | King Post Truss, Queen Post Truss, Scissor Roof Truss, Quadrangular Roof Truss, Fan Truss, Pratt Truss, and Others |
| By End-use | Residential, Commercial, Agricultural, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Donaldson Timber Engineering Ltd, Scotts of Timber, Minera Roof Trusses, and Endo Truss, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the roof truss market is expected to witness substantial growth in the coming years due to the growing application of the product across agricultural processes in key regions such as North America, Europe, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Minera Roof Trusses
- Donaldson Timber Engineering Ltd
- Scotts of Timber
- Endo Truss
- AAA Trusses and Windows
- Stark Truss
- Truss-Tech Limited
- Nuneaton Roof Truss Limited
- Wilson Roof Truss Ltd
- Thomas Armstrong (Timber) Ltd
- Magtruss Ltd