Market revenue in 2020 | USD 60.4 million |
Market revenue in 2028 | USD 196.7 million |
Growth rate | 15.9% (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 |
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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 89.24% in 2020. Horizon Databook has segmented the Brazil 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 Green Building Council of Brazil has launched the Zero Energy Standard in 2017, which is a program of 11 pilot projects for evaluation of standards across five different states in the country. This standard is expected to drive the demand for energy-efficient buildings in the country, which, in turn, is anticipated to drive the demand for wood-based construction and support the demand for timber connectors.
Residential construction sector accounted for over 65% of overall construction in 2020, dominating the market and is expected to maintain a similar contribution over the forecast period. The construction of residential infrastructure is anticipated to witness substantial growth owing to the support of the Brazilian government to balance the supply and demand for affordable houses coupled with rising urbanization. This is likely to have a positive impact on the demand for timber connectors.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Brazil timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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