The global Timber Construction Connectors market is estimated to grow from USD 838.3 million in 2020 to USD 2140 million by 2027, at a CAGR of 13.9%. Rising trends in timber-based building, particularly for residential constructions, are expected to increase demand for timber construction connectors.
The retail availability of connectors and fasteners, as well as the availability of various designs and dimensions for joining components, is a crucial element likely to boost the use of connectors in wood building projects.
Based on the Application, the market is segmented into Residential, Commercial, and Infrastructure. Residential segment has largest market share during the forecast period. In residential uses, timber is both environmentally friendly and visually beautiful. Because of its better advantages over traditional wood, Mass Engineered Timber (MET) is utilized for a variety of applications such as framing, casework, paneling, flooring, trimmings, cabinets, and interior design components. Furthermore, because of its visual appeal, it is commonly employed for decorative applications.
The worldwide COVID-19 pandemic has stopped manufacturing activities, reducing demand for Timber Construction Connectors as well as its manufacture and processing. The Timber Construction Connectors industry's most badly harmed end-use sectors are Residential and Commercial. It has had a major impact on supply chain management in the market.
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. Europe is expected to have the largest revenue share. The demand for products is expected to be driven by a high penetration of wood-based constructions, particularly in nations like Germany, Sweden, and France. Furthermore, the proportion of timber building is expected to rise under the Build-in-wood by Horizon 2020 initiative, favorably influencing the growth of the timber connectors market.
The key players profiled in Timber Construction Connectors market analysis include Taurus India Limited, Simpson Strong Tie Co., Inc., MITEK INC., Timberplates, Knapp GmbH, Eurotec GmbH, MTC Solutions, BPC Fixings (The Vista Group), Globus Industries and among others.
The retail availability of connectors and fasteners, as well as the availability of various designs and dimensions for joining components, is a crucial element likely to boost the use of connectors in wood building projects.
Market Segmentation Analysis
Based on the Application, the market is segmented into Residential, Commercial, and Infrastructure. Residential segment has largest market share during the forecast period. In residential uses, timber is both environmentally friendly and visually beautiful. Because of its better advantages over traditional wood, Mass Engineered Timber (MET) is utilized for a variety of applications such as framing, casework, paneling, flooring, trimmings, cabinets, and interior design components. Furthermore, because of its visual appeal, it is commonly employed for decorative applications.
COVID-19 Impact on the Timber Construction Connectors Market
The worldwide COVID-19 pandemic has stopped manufacturing activities, reducing demand for Timber Construction Connectors as well as its manufacture and processing. The Timber Construction Connectors industry's most badly harmed end-use sectors are Residential and Commercial. It has had a major impact on supply chain management in the market.
Regional Analysis
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. Europe is expected to have the largest revenue share. The demand for products is expected to be driven by a high penetration of wood-based constructions, particularly in nations like Germany, Sweden, and France. Furthermore, the proportion of timber building is expected to rise under the Build-in-wood by Horizon 2020 initiative, favorably influencing the growth of the timber connectors market.
Key Players
The key players profiled in Timber Construction Connectors market analysis include Taurus India Limited, Simpson Strong Tie Co., Inc., MITEK INC., Timberplates, Knapp GmbH, Eurotec GmbH, MTC Solutions, BPC Fixings (The Vista Group), Globus Industries and among others.
Market Segmentation
By Application
- Residential
- Commercial
- Infrastructure
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Frequently Asked Questions about the Global Timber Construction Connectors Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | January 2022 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 838.3 million |
| Forecasted Market Value ( USD | $ 2140 million |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Timber Construction Connectors Market Outlook
5 Global Timber Construction Connectors Market, By Product
6 Global Timber Construction Connectors Market, By Application
7 Global Timber Construction Connectors Market, By Region
8 North America Timber Construction Connectors Market Analysis and Forecast (2021-2027)
9 Europe Timber Construction Connectors Market Analysis and Forecast (2021-2027)
10 Asia Pacific Timber Construction Connectors Market Analysis and Forecast (2021-2027)
11 Latin America Timber Construction Connectors Market Analysis and Forecast (2021-2027)
12 Middle East Timber Construction Connectors Market Analysis and Forecast (2021-2027)
13 Competitive Analysis
Companies Mentioned
- Taurus India Limited
- Simpson Strong Tie Co. Inc.
- MITEK INC.
- Timberplates
- Knapp GmbH
- Eurotec GmbH
- MTC Solutions
- BPC Fixings (The Vista Group)
- Globus Industries
