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Report Overview

The North America cross laminated timber market size reached around USD 447.98 Million in 2024. The market is projected to grow at a CAGR of 29.60% between 2025 and 2034 to reach nearly USD 5988.37 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • Governments implemented regulations and incentives to promote CLT use in construction, aiming for sustainability, green employment, and reducing environmental impact.

  • Construction spending in the USA reached USD 1,978.7 billion, exceeding the USD 1,848.7 billion in 2022, according to the U.S. Census Bureau, thus boosting the cross laminated timber market in North America.

  • According to Statistics Canada, a 5.7% increase in Canada's total dwelling count to 16.4 million units from 2016 to 2021 was observed, thereby driving up the demand for CLT.

Compound Annual Growth Rate

Value in USD Million

29.6%

2025-2034


North America Cross Laminated Timber Market Outlook

*this image is indicative*

Cross laminated timber (CLT) stands as a pioneering mass timber product that has gained widespread acceptance as an innovative engineered wood material, heralding a new era in construction. Recognised for its eco-friendliness compared to traditional materials like concrete and steel, CLT emerges as a cornerstone of sustainable building practices. Its capacity to bear substantial loads while ensuring superior structural integrity further underscores its appeal.

Moreover, its commendable acoustic properties make it a sought-after choice for flooring and wall systems, elevating interior comfort and tranquillity. Consequently, there is a growing demand for CLT in North America. Presently, this demand is pronounced in bridge, residential, and non-residential construction, driven by its durability and ability to withstand heavy loads.

The introduction of CLT into the US construction landscape coupled with prevailing urbanisation trends positions it as a highly viable solution for commercial and mixed-use buildings, especially in seismic zones. According to the U.S. Census Bureau, US construction spending is increasing thus boosting the North America cross laminated timber market growth.

UNITED STATES CONSTRUCTION STATISTICS, 2023, IN $ BILLION

North America Cross Laminated Timber Market

Key Trends and Developments

North America Cross Laminated Timber Market Trends

CLT panels demonstrate impressive load-bearing capacities akin to those of conventional construction materials. They possess structural strength, deformation resistance, and resilience against diverse external forces, including seismic activity, rendering CLT a dependable and durable option for mid-rise and high-rise construction projects.

CLT's prefabrication enables precise off-site manufacturing, leading to quicker and more effective construction processes. This adaptability is attractive to architects, developers, and construction experts in search of inventive and eco-friendly building methods.

Market Segmentation

North America Cross Laminated Timber Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Breakup by Product Type

  • Custom CLT
  • Blank CLT

Breakup by Element Type

  • Wall Panels
  • Flooring Panels
  • Roofing Panels
  • Others

Breakup by Raw Material

  • Spruce
  • Pine
  • Fir
  • Others

Breakup by Storey Class

  • Low-Rise Buildings (1-4 Storeys)
  • Mid-Rise Buildings (5-10 Storeys)
  • High-Rise Buildings (More than 10 Storeys)

Breakup by Application

  • Structural Applications
  • Non-Structural Applications

Breakup by End Use

  • Residential
  • Commercial
  • Public

Breakup by Country

  • United States of America 
  • Canada

Residential demand drives growth of North America cross laminated timber market, due to its versatility, accommodating various architectural styles and configurations

Employing cross-laminated timber in residential building aids in reducing buildings' carbon footprint and advancing sustainability goals. Its usage facilitates the creation of distinctive and visually appealing residential layouts.

CLT, being a prefabricated material, allows for the pre-cutting of elements such as openings for doors, windows, stairs, or ducts. Additionally, insulation and finishes can be applied before installation. This streamlined process leads to reduced expenses and quicker occupancy, making it a prevalent choice in commercial and public projects. This is boosting the North America cross laminated timber market development.

Based on type, the North America cross laminated timber market share is led by structural CLT primarily owing to its widespread application in building and construction projects

Structural CLT panels are employed in building frameworks and are produced according to the APA-PRG 320 standard in North America. Non-structural CLT panels serve as access mats, providing an alternative to bolted mats.

Wall panels are the primary element type in the North America cross laminated timber market, mainly because thy are widely utilised for both load-bearing and non-load-bearing purposes

Wall panels made from CLT provide outstanding durability and firmness, making them optimal for building both exterior and interior walls of structures.

Flooring panels and roofing panels crafted from CLT constitute a substantial portion of the market, valued for their robustness and stability, rendering them appropriate for heavy load-bearing functions in residential and commercial structures.

Custom CLT drives the North America cross laminated timber market growth due to tailored solutions and meeting specific project needs

Custom CLT's adaptability facilitates architects and builders to pursue intricate designs, ideal for projects with distinct structural or aesthetic demands.

Conversely, blank CLT serves a sizable market-seeking construction versatility. These undecorated panels allow on-site customisation, empowering builders, and designers to tailor them according to specific project requirements.

North America Cross Laminated Timber Market Analysis by Region

As per the North America cross laminated timber market report, the United States leads the market due to rising demand for sustainable construction materials, favouring those with low carbon footprints like CLT over traditional choices such as concrete and steel. The growth is also fuelled by upscale residential projects with appealing interiors.

Canada is primed for substantial growth in this sector, driven by the need for adaptable and economical construction materials. Additionally, the uptick in building functional living spaces is driving market expansion. With housing production on the rise according to Statistics Canada, the demand for CLT is further increasing.

INVESTMENT BY HOUSING TYPE, CANADA, MILLION DOLLAR

North America Cross Laminated Timber Market

Competitive Landscape

Government initiatives, growing construction and architectural preferences are influencing the companies’ position in the market.

Company Year Founded Headquarters Products/Services
DRJ Wood Innovations 1967 Oregon, United States Crafting Nordic structures, sustainable engineered wood products, glue-laminated beams, uses locally sourced materials
Nordic Structures 2001 Quebec, Canada Engineered wood products for the construction sector, cross-laminated timber (CLT), technical assistance, product distribution, complete wood structures
Sterling Company LLC 1916 Wisconsin, United States CLT manufacturer in the matting industry, CLT access mats, used in power transmission, distribution, oil, gas, chemical, and general construction
Mercer International Inc. 1968 Vancouver, Canada Produces bleached softwood kraft pulp, tissues, hygiene products, premium printing and writing paper, production, and sale of renewable bioelectricity

Other North America cross laminated timber market key players are KLH Massivholz GmbH, SmartLam, Binderholz GmbH, HASSLACHER Holding GmbH, and Bell Structural Solutions, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market attained a value of nearly USD 447.98 Million.

The market is assessed to grow at a CAGR of 29.60% between 2025 and 2034.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 5988.37 Million by 2034.

The CLT market is enhanced by sustainable building materials, architectural creativity, fire resistance and government initiative.

Based on end use, CLT market is divided into residential, public, and commercial.

Key players in the market are DRJ Wood Innovations, Nordic Structures, Sterling Company LLC, Mercer International Inc., KLH Massivholz GmbH, SmartLam, Binderholz GmbH, HASSLACHER Holding GmbH, and Bell Structural Solutions, among others

Based on element type, CLT market is divided into wall panels, flooring panels, roofing panels and others.

The different product types in the CLM market include custom CLT and blank CLT.

The different storey classes in the market are low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys) and high-rise buildings (more than 10 storeys).

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Element Type
  • Raw Material
  • Storey Class
  • Application
  • End Use
  • Region
Breakup by Product Type
  • Custom CLT
  • Blank CLT
Breakup by Element Type
  • Wall Panels
  • Flooring Panels
  • Roofing Panels
  • Others
Breakup by Raw Material
  • Spruce
  • Pine
  • Fir
  • Others
Breakup by Storey Class
  • Low-Rise Buildings (1-4 Storeys)
  • Mid-Rise Buildings (5-10 Storeys)
  • High-Rise Buildings (More than 10 Storeys)
Breakup by Application
  • Structural Applications
  • Non-Structural Applications
Breakup by End Use
  • Residential
  • Commercial
  • Public
Breakup by Region
  • United States of America 
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • DRJ Wood Innovations
  • Nordic Structures
  • Sterling Solutions LLC
  • Mercer International Inc.
  • KLH Massivholz GmbH
  • SmartLam
  • Binderholz GmbH
  • HASSLACHER Holding GmbH
  • Bell Structural Solutions
  • Others

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