Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 6.8 % over the past five years, to reach an estimated $4.1bn in 2025.
Trends and Insights
Residential construction activity sinks, dragging down demand
- The residential construction market covers demand from single- and multi-family homes and apartment buildings.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
A rebound in housing starts will spur demand
- After declining in 2023 and 2024, housing starts are poised to gain through the end of 2029. According to the Congressional Budget Office, housing starts will climb to an annual average of 1.68 million from 2025 to 2029. Mortgage and interest rates are anticipated to weaken over the next five years, stimulating greater demand for new housing construction.
Biggest companies in the Engineered Wood Product Manufacturing in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Boise Cascade Company | 371.3 | 27.3 | 7.4 | |
Louisiana-Pacific Corporation | 289.7 | 37.2 | 12.9 | |
Weyerhaeuser Company | 63.5 | 12.5 | 19.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Laminated Veneer Lumber, Engineered Wood Members (except truss) and Other. Laminated Veneer Lumber is the largest segment of the Engineered Wood Product Manufacturing in the US.
Trends and Insights
Engineered wood members are used in new housing construction
- Engineered wood products are more resistant to warping than solid lumber and can be designed to meet specific performance requirements for construction markets. The most popular and readily available engineered wood products are I-joists, glued laminated timber (Glulam) and structural composite lumber (SCL).
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry includes establishments primarily engaged in manufacturing engineered wood products, including I-Joists used in floor and roof construction; laminated veneer lumber used for headers, beams, studs and columns; and glue-laminated timber, structural wood panels, plywood, rim board, siding and other specialty products.
What's included in this industry?
Laminated veneer manufacturingHardwood veneer manufacturingEngineered wood manufacturingCompanies
Boise Cascade CompanyLouisiana-Pacific CorporationWeyerhaeuser CompanyPurchase this report to view all 3 major companies in this industry.
Related Terms
VeneerPlywoodJoistEngineered WoodIndustry Code
NAICS 32121 - Engineered Wood Product Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Import competition is strengthening because of Brazil and Vietnam's lower production costs and readily available resources. However, domestic manufacturers still have competi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The engineered wood product manufacturing industry is experiencing a drop because of decreased housing starts. The drop in housing construction and high mortgage rates have l...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Engineered wood manufacturers locate themselves near downstream markets, making the Southeast the most popular choice for setting up establishments. This region also has a qu...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The climb in housing starts in Canada, coupled with a dip in the US in 2024, has resulted in greater demand for the industry's exports. This resurgence in demand is fueled by...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The presence of large companies such as Boise Cascade and Louisiana Pacific in the industry underscores the scale and complexity involved in engineered wood product manufactur...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Boise Cascade Company's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Louisiana-Pacific Corporation's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Weyerhaeuser Company's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Boise Cascade Company, and factors influencing its performance in the industry
- Description and key data for Louisiana-Pacific Corporation, and factors influencing its performance in the industry
- Description and key data for Weyerhaeuser Company, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The cost of sawmill lumber, the primary raw material used in production, hugely influences this industry. Increasing lumber prices inflate manufacturing costs, potentially lo...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are a significant factor in the industry's costs, mainly driven by the price of hardwood and softwoods. However, manufacturers have maintained profitability by incr...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Engineered Wood Product Manufacturing in the US industry in United States in 2025?
The market size of the Engineered Wood Product Manufacturing in the US industry in United States is $4.1bn in 2025.
How many businesses are there in the Engineered Wood Product Manufacturing in the US industry in 2025?
There are 323 businesses in the Engineered Wood Product Manufacturing in the US industry in United States, which has grown at a CAGR of 1.4 % between 2020 and 2025.
Has the Engineered Wood Product Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Engineered Wood Product Manufacturing in the US industry in United States has been growing at a CAGR of 6.8 % between 2020 and 2025.
What is the forecast growth of the Engineered Wood Product Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Engineered Wood Product Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Engineered Wood Product Manufacturing in the US market in United States?
The biggest companies operating in the Engineered Wood Product Manufacturing market in United States are Boise Cascade Company, Louisiana-Pacific Corporation and Weyerhaeuser Company
What does the Engineered Wood Product Manufacturing in the US in United States include?
Laminated veneer manufacturing and Hardwood veneer manufacturing are part of the Engineered Wood Product Manufacturing in the US industry.
Which companies have the highest market share in the Engineered Wood Product Manufacturing in the US in United States?
The company holding the most market share in United States is Boise Cascade Company.
How competitive is the Engineered Wood Product Manufacturing in the US industry in United States?
The level of competition is low and increasing in the Engineered Wood Product Manufacturing in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
Complementors
View all industries in United States
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
