Austria Cross Laminated Timber Market Size & Outlook
Austria cross laminated timber market, 2018-2030 (US$M)
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Austria cross laminated timber market highlights
- The Austria cross laminated timber market generated a revenue of USD 251.4 million in 2022 and is expected to reach USD 675.5 million by 2030.
- The Austria market is expected to grow at a CAGR of 13.2% from 2023 to 2030.
- In terms of segment, adhesive bonded cross laminated timber was the largest revenue generating product in 2022.
- Mechanically Fastened Cross Laminated Timber is the most lucrative product segment registering the fastest growth during the forecast period.
Cross laminated timber market data book summary
| Market revenue in 2022 | USD 251.4 million |
| Market revenue in 2030 | USD 675.5 million |
| Growth rate | 13.2% (CAGR from 2022 to 2030) |
| Largest segment | Adhesive bonded cross laminated timber |
| Fastest growing segment | Mechanically Fastened Cross Laminated Timber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesive Bonded Cross Laminated Timber, Mechanically Fastened Cross Laminated Timber |
| Key market players worldwide | Stora Enso Oyj Ordinary Shares - Class R, Mayr-Melnhof Karton AG, Sterling Check Corp, Mercer International Inc, Binderholz, XLam, Schilliger Holz, KLH Massivholz, B&K Structures, SmartLam North America, Eugen Decker, Meiken Kogyo |
Other key industry trends
- In terms of revenue, Austria accounted for 21.4% of the global cross laminated timber market in 2022.
- Country-wise, Austria is expected to lead the global market in terms of revenue in 2030.
- In Europe, Austria cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 162.2 million by 2030.
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Cross Laminated Timber Market Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Austria cross laminated timber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cross laminated timber market will help companies and investors design strategic landscapes.
Adhesive bonded cross laminated timber was the largest segment with a revenue share of 86.91% in 2022. Horizon Databook has segmented the Austria cross laminated timber market based on adhesive bonded cross laminated timber, mechanically fastened cross laminated timber covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of Austria emphasizes building legislation to ensure low energy consumption and offers subsidiaries for the construction of energy-efficient structures. Government evaluations have shown that subsidies are an effective solution to influence the designs of new constructions.
Hence, the government of the country issued a subsidy of about USD 3 billion, 75% of which supported new construction and the remaining 25% was allocated for renovation activities. This initiative led to a 40% increase in terms of energy-efficiency within two years and is expected to reduce energy consumption are expected to boost product demand.
Investments in overall non-residential construction activities in Austria surged by approximately 8.0% in real terms in 2021 and are expected to flatten out by 2% by 2024 owing to sharp rise in raw material prices. However, among applications, residential segment accounted for the largest share in revenue and volume of the market in Austria in 2021.
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Our clientele includes a mix of cross laminated timber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Austria cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into Austria cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Austria cross laminated timber market size, by product, 2018-2030 (US$M)
Austria Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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