Australia Timber Construction Connectors Market Size & Outlook
Australia timber construction connectors market, 2017-2028 (US$M)
Related Markets
Australia timber construction connectors market highlights
- The Australia timber construction connectors market generated a revenue of USD 28.2 million in 2020 and is expected to reach USD 104.1 million by 2028.
- The Australia market is expected to grow at a CAGR of 17.7% 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.
Timber construction connectors market data book summary
| Market revenue in 2020 | USD 28.2 million |
| Market revenue in 2028 | USD 104.1 million |
| Growth rate | 17.7% (CAGR from 2020 to 2028) |
| Largest segment | Timber to timber |
| Fastest growing segment | Timber to Timber |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Australia accounted for 3.8% of the global timber construction connectors market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Australia timber construction connectors market is projected to lead the regional market in terms of revenue in 2028.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 104.1 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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Australia 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 84.75% in 2020. Horizon Databook has segmented the Australia 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 construction industry is one of the most resource-intensive industries in Australia. Construction and occupation of buildings is a significant contributor to the country’s Co2 emissions and is responsible for over 41% of the total energy utilization as well as carbon emissions.
Greenhouse gas emissions in the country have witnessed a serious rise in recent years. This is a direct threat to the country’s ability to meet its 2030 GHG emission reduction targets specified under the Paris Agreement. The Wood Encouragement Policy in Australia promotes the use of responsibly sourced wood as a construction material for new public buildings and refurbishment construction projects.
Moreover, rising awareness among consumers regarding the energy efficiency of building structures and utilization of eco-friendly construction materials is projected to augment the demand for wood construction in both residential and commercial segments. This is likely to influence the growth of the timber connectors market in the coming years.
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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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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 country-level data and insights on the Australia timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Australia timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Australia timber construction connectors market report size, by product, 2017-2028 (US$M)
Australia Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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