The Engineered Wood Member (EWM) sales in the US reached $1.922 billion in 2023. Over the last two years, the market has shown modest growth with year-on-year variations of 0.39% in 2022 and 0.38% in 2023. Analyzing the past five years, the compound annual growth rate (CAGR) has been a stable 0.40%. Looking ahead, the forecast predicts a slight upward trend with an estimated 5-year CAGR of 0.31% and a total 5-year growth rate of 1.56% from 2024 to 2028.

Future trends to watch for in the EWM market include:

Emerging sustainable construction practices driving increased demand.
Technological advancements enhancing the properties of engineered wood.
Potential market growth driven by policy changes and construction industry recovery post-COVID-19.