Asia Pacific Timber Construction Connectors Market Size & Outlook
Asia Pacific timber construction connectors market, 2017-2028 (US$M)
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Asia Pacific timber construction connectors market highlights
- The Asia Pacific timber construction connectors market generated a revenue of USD 139.3 million in 2020.
- The market is expected to grow at a CAGR of 13.4% from 2021 to 2028.
- In terms of segment, timber to timber was the largest revenue generating product in 2020.
- Timber to Timber is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 139.3 million |
| Market revenue in 2028 | USD 382.0 million |
| Growth rate | 13.4% (CAGR from 2020 to 2028) |
| Largest segment | Timber to timber |
| Fastest growing segment | Timber to Timber |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Timber to Timber, Timber to Masonry, Timber to Steel |
| Key market players worldwide | ITW Dynatec, Simpson Manufacturing Co Inc, Mitek Systems Inc, Eurotech Ltd, Globus Medical Inc Class A, Pryda Australia, TimberPlates, KNAPP AG, MTC Solutions, Taurus Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.5% of the global timber construction connectors market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- North America is the fastest growing regional market and is projected to reach USD 583.7 million by 2028.
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Timber Construction Connectors Market Scope
Timber Construction Connectors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific timber construction connectors 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 timber construction connectors market will help companies and investors design strategic landscapes.
Timber to timber was the largest segment with a revenue share of 84.85% in 2020. Horizon Databook has segmented the Asia Pacific timber construction connectors market based on timber to timber, timber to masonry, timber to steel covering the revenue growth of each sub-segment from 2017 to 2028.
The expansion of the residential, commercial, and industrial sectors on account of sustainable economic growth in the Asia Pacific region is likely to support construction activities, thereby driving the product demand over the forecast period. Flourishing tourism in the region has led to an increasing requirement for restaurants, resorts, and food chains.
In addition, rapid urbanization and rising standards of living due to rising per capita consumer income of consumers are anticipated to augment the expansion of the residential and commercial construction sectors including shopping malls and retail chains. Major construction projects in the region are dominated by the use of concrete and other building construction materials. However, growing awareness regarding the advantageous properties of wood construction is likely to increase the consumption of wood-based materials.
This is anticipated to increase the penetration of timber connectors in Asia. China, India, and Australia are among the largest consumers of wood for construction applications. The adoption of larger wood structures of more than 5 story buildings in Northeast Asia, especially in Japan, is expected to support the demand for timber connectors in the region. However, lack of product know-how and limited production capacities and domestic competition are anticipated to limit the growth of the market.
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Our clientele includes a mix of timber construction connectors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific timber construction connectors market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific timber construction connectors market report size, by country, 2017-2028 (US$M)
Asia Pacific Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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