Bamboo has gained prominence in the research community as a sustainable material due to its eco-friendly nature, affordability, and rapid growth. Over time, researchers have aimed to enhance bamboo's suitability for construction, potentially replacing conventional materials like timber and steel. The solution comes through engineered bamboo, a processed form that addresses the challenges of raw bamboo. This innovative approach has sparked interest globally, leading to large-scale manufacturing in various countries. The South Asia is the main exporter of engineered bamboo, where countries like Bangladesh is far behind. Bangladesh, blessed with a tropical climate, holds immense potential to harness the economic and sustainability benefits of mass-producing engineered bamboo. This research studies the feasibility of producing engineered bamboo in large scale in place of timber. A comprehensive cost-benefit analysis unveils a promising prospect: through this initiative, Bangladesh could contribute a substantial 51.5 million USD annually to its economy, with potential for growth up to 71 million USD through full production optimization. Moreover, this industrialization initiative could markedly reduce 14.8% of total carbon footprint of Bangladesh.