The global Timber Construction Connectors market size is expected to be worth around US$ 6.13 billion by 2030, according to a new report by Vision Research Reports.
The global Timber Construction Connectors market size was valued at US$ 760.0 million in 2020 and is anticipated to grow at a CAGR of 14.9% during forecast period 2021 to 2030.
|Market Size||US$ 6.13 Billion by 2030|
|Growth Rate||CAGR of 14.9% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Pryda (ITW, Inc.); Simpson Strong Tie Co., Inc.; MITEK INC.; Timberplates; Connext Post and Beam; Knapp GmbH; Eurotec GmbH; MTC Solutions; BPC Fixings (The Vista Group); Globus Industries; CQFD; Taurus India Limited|
The growing demand for wood-based constructions on account of the superior aesthetic appeal in the residential and commercial constructions is expected to drive the market. The suspension of construction activities in 2020 to curb the spread of the COVID-19 outburst has negatively impacted the wood construction activities, thus hampering the demand for connectors. Supply chain disruption and termination of trade activities across the globe emerged as the other key factors hampering market growth.
The timber to timber product segment accounted for the largest revenue share in 2020 and is anticipated to maintain its lead in the projected period. Growing demand for wood-based frame structures in residential as well as commercial construction projects is likely to ascend the demand for construction connectors.
By Product Analysis
Timber to timber construction connectors accounted for the largest revenue share of over 80.0% in 2020. Timber-to-timber connectors used in construction applications include split rings that are installed in pre-cut grooves.
The key components used for connecting timber to masonry include angle brackets, joist hangers, restraint straps, and other standard plates. These products are manufactured in a variety of shapes and sizes to match the requirements of construction projects as the beam size is not specified across wood construction.
Shear plates and toothed plates are widely used for bonding applications in wooden construction. Shear plates are installed in pre-cut grooves that can also flush into the timber surface with steel side plates or wood side plates.
By Application Analysis
The residential application segment led the market and accounted for a revenue share of more than 55.0% in 2020. Timber is sustainable and aesthetically pleasing in residential applications.
Increasing awareness regarding mass timber construction in the U.S. is projected to drive wooden construction significantly in the upcoming years.
Mass Engineered Timber (MET) is used for several applications including framing, casework, paneling, flooring, trims, cabinets, and interior design components owing to the superior qualities it offers as compared to conventional wood.
The commercial construction segment includes office buildings, government offices, shopping malls, hypermarkets, departmental stores, restaurants, hotels, resorts, and others.
Infrastructure applications for timber construction are still underway as it is less sturdy than concrete and cement. Structural developments for the enhancement of wooden strength are being investigated by governing authorities and industry participants.
By Regional Analysis
Europe dominated the market and accounted for a revenue share of over 35.0% in 2020. High penetration of wood-based constructions, especially in countries such as Germany, Sweden, and France, is expected to drive the demand for products.
Germany is likely to be the largest shareholder in the European market over the forecast period. This can be attributed to the high penetration of wood-based houses in the country and increasing trends for eco-friendly constructions.
Pryda (ITW, Inc.)
Simpson Strong Tie Co., Inc.
Connext Post and Beam
BPC Fixings (The Vista Group)
Taurus India Limited
Timber to Timber
Timber to Masonry
Timber to Steel
Central & South America
Middle East & Africa
The Timber Construction Connectors market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Timber Construction Connectors market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Timber Construction Connectors market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Timber Construction Connectors market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Timber Construction Connectors market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Timber Construction Connectors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Timber Construction Connectors by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Timber Construction Connectors market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Timber Construction Connectors market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Timber Construction Connectors market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Timber Construction Connectors industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Timber Construction Connectors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Timber Construction Connectors market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Timber Construction Connectors market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Timber Construction Connectors market. These factors have benefited the growth of the global market for Timber Construction Connectors. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Timber Construction Connectors. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Timber Construction Connectors are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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