North America Residential Light Frame Shear Wall Market Size, Share & Trends Analysis Report By Type (One-sided Panel, Two-sided Panel), By Region, And Segment Forecasts, 2023 - 2030

The North America residential light frame shear wall market size is expected to reach USD 132.49 billion by 2030, expanding at a CAGR of 5.3% during the forecast period. In economies of North America such as the U. S. and Canada, the market is expected to be driven by the rising population of immigrants. Additionally, government policies such as tax incentives, low-income housing programs, and subsidies for building houses are driving the market for residential light frame shear walls in North America.

The rapidly expanding construction sector in North America is also driving the residential light frame shear wall market growth. For instance, Vancouver has seen a significant increase in residential construction activities in recent years, particularly in the downtown area. According to a report by the Real Estate Board of Greater Vancouver, there were 33,263 new home sales in the Greater Vancouver area in 2020, which was an increase of 21.4% over the previous year.

The residential light frame shear wall market is expanding, aided by the increasing need for seismic resistance-proven houses in North America. Moreover, the increasing adoption of green building practices presents a significant growth opportunity for the light frame shear wall market in North America. Increasing residential construction activities in North America are propelling the demand for residential light frame shear walls.

Advancements in digital fabrication technologies, such as computer-aided design (CAD) and computer numerical control (CNC) machines, have made it easier and more efficient to manufacture light frame shear walls for residential buildings in North America. These technologies allow for the precise cutting and shaping of components, resulting in more accurate and consistent production. For instance, digital fabrication allows for the creation of complex designs and shapes that may be difficult or time-consuming to produce using traditional methods.

The residential light frame shear wall market in the U. S. has emerged as a significant sector within the construction industry, driven by the demand for efficient, affordable, and sustainable housing. These products are structural elements designed to resist lateral loads, such as wind and seismic forces, and transfer them to a building's foundation. In the U. S., residential shear walls are typically made of wood and the market is dominated by key players such as MiTek Inc. and Simpson Strong-Tie Company, Inc., which are expected to drive market growth over the forecast period.

The residential light frame shear wall market relies heavily on lumber and other building materials, which can be impacted by material shortages in North America, resulting in delayed projects, increased costs, and potential quality issues. Material availability is a significant challenge in the construction industry as it can affect project timelines and costs. In recent years, the construction industry in North America has experienced shortages of various materials, including lumber, steel, and cement. These factors can challenge the growth of the residential light frame shear wall market in North America.

North America Residential Light Frame Shear Wall Market Report Highlights

• The two-sided panels segment accounted for 58.5% of the revenue share in 2022 in North America, as the use of double-sided sheathing can increase energy dissipation by up to 70% compared to its single-sided counterpart for a specific dimension. The use of double-sided sheathing could be more efficient in terms of providing higher resistance with less space occupancy overall
• One-sided panels generated a revenue of USD 37.10 billion for the year 2022, and their demand is projected to be fueled by their use in structures to protect against the damaging impacts of earthquakes and wind forces in North America. The benefits of one-sided panels and the assembled concrete structure are combined in an assembled frame-shear wall structure, which has been shown to have good cyclic endurance. This encourages their use in locations that need seismic fortification
• In Mexico, factors such as population growth, urbanization, and government policies affect the demand for residential construction and, consequently, the market for light frame shear walls. Mexico's residential light frame shear wall market emerged as the fastest-growing market in 2022 and is likely to register a CAGR of 9.6% over the forecast period
• The U. S. accounted for a dominant revenue share of 80.2% of the North American residential light frame shear wall market. This share is attributed to the presence of several leading companies in the residential light frame shear wall market in the U. S., such as Simpson Strong-Tie Company, Inc., offering a wide range of products
• The major manufacturers in the North American residential light frame shear wall market primarily offer products to end-use companies via direct contracts or agreements as well as through a network of distributors