Dublin, April 15, 2022 (GLOBE NEWSWIRE) -- The "Timber Construction Connectors Market Size, Share & Trends Analysis Report By Product (Timber To Timber, Timber To Masonry, Timber To Steel), By Application, By Region, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global timber construction connectors market size is expected to reach USD 2.14 billion by 2028, according to a new report by the publisher. It is expected to expand at a CAGR of 13.9% from 2021 to 2028. Increasing trends pertaining to timber-based construction, especially for residential structures, are expected to drive the demand for timber construction connectors over the forecast period.
Commercial availability of connectors and fasteners in the retail market, coupled with the availability of varied designs and dimensions for connecting components, is a key factor likely to promote the utilization of connectors in wood construction projects. Moreover, custom fastening products with a variety of metals are expected to support product penetration in the market.
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.
Key players are aiming to offer custom fastening materials for timber-based construction. Furthermore, the acquisition of production facilities and increasing investments in material development are other factors considered for increasing the market penetration.
Timber Construction Connectors Market Report Highlights
- In North America, the timber to timber product segment dominated the market with a revenue share of over 85.0% in 2020 owing to the large demand for wood-based construction projects, especially in the U.S. and Canada
- The residential application segment accounted for the largest revenue share in 2020 owing to the high acceptance of wood structures in single-family housing units
- Europe emerged as the largest regional market in 2020 with a revenue share of more than 35.0%. The growing demand for wood-frame structures in Germany, Sweden, and France is likely to ascend the demand for products in the projected time
- In the European market, Germany held the largest revenue share in 2020. High penetration of wood-based houses in the country and increasing trends for eco-friendly constructions for commercial projects are the factors governing the market growth
- Manufacturers are aiming to achieve optimum business growth by implementing strategies including acquisition, joint venture, capacity expansion, new product development, promotion of key product brands, and significant investments in R&D
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Timber Construction Connectors Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Lineage Outlook
3.3 Penetration & Growth Prospect Mapping
3.4 Timber Construction Connectors Market: Industry Value Chain Analysis
3.4.1 Raw Material Analysis
3.5 Technology Overview
3.6 Regulatory Framework
3.7 Price Trend Analysis
3.8 Cost Structure Analysis
3.9 Market Dynamics
3.9.1 Market Driver Analysis
3.9.1.1 Growing demand for wood-based construction
3.9.2 Market Restraint Analysis
3.9.2.1 Introduction of other bonding materials
3.9.3 Market Opportunity Analysis
3.9.4 Market Challenge Analysis
3.10 PESTEL Analysis
3.11 Industry Analysis - Porter's
Chapter 4 Timber Construction Connectors Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2020 & 2028
4.2 Market size, forecast, and trend analysis from 2017 to 2028 for the following:
4.2.1 Timber to Timber Connectors
4.2.1.1 Timber to timber construction connectors market estimates and forecasts, 2017 - 2028 (USD Million)
4.2.2 Timber to Masonry Connectors
4.2.2.1 Timber to masonry construction connectors market estimates and forecasts, 2017 - 2028 (USD Million)
4.2.3 Timber to steel Connectors
4.2.3.1 Timber to steel construction connectors market estimates and forecasts, 2017 - 2028 (USD Million)
Chapter 5 Timber Construction Connectors Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2020 & 2028
5.2 Market size & forecasts and trend analysis, 2017 to 2028 for the following:
5.2.1 Residential
5.2.1.1 Timber construction connectors market estimates and forecasts, by residential, 2017 - 2028 (USD Million)
5.2.2 Commercial
5.2.2.1 Timber construction connectors market estimates and forecasts, by commercial, 2017 - 2028 (USD Million)
5.2.3 Infrastructure
5.2.3.1 Timber construction connectors market estimates and forecasts, by infrastructure, 2017 - 2028 (USD Million)
Chapter 6 Timber Construction Connectors Market: Regional Estimates & Trend Analysis
Chapter 7 Timber Construction Connectors Market: Competitive Landscape
7.1 Recent developments & impact analysis, by key market participants
7.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3 Vendor Landscape
7.3.1 List of Manufacturers
7.3.2 List of Distributors
7.3.3 Company Ranking, Top 5
7.4 Major Deals & Strategic Alliances
Chapter 8 Timber Construction Connectors Market Company Profiles
8.1 Pryda
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Simpson Strong-Tie Company, Inc.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 MiTek Inc.
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Timberplates
8.4.1 Company Overview
8.4.2 Product benchmarking
8.5 Connext Post and Beam
8.5.1 Company Overview
8.5.2 Product benchmarking
8.6 Knapp GmbH
8.6.1 Company Overview
8.6.2 Product benchmarking
8.7 E.u.r.o.Tec GmbH
8.7.1 Company Overview
8.7.2 Product benchmarking
8.7.3 Strategic Initiatives
8.8 Mass Timber Connections (MTC) Solutions
8.8.1 Company Overview
8.8.2 Product benchmarking
8.8.3 Strategic Initiatives
8.9 BPC Building Products Limited
8.9.1 Company Overview
8.9.2 Product benchmarking
For more information about this report visit https://www.researchandmarkets.com/r/u9wrqq
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