Canada Timber Construction Connectors Market Size & Outlook
Canada timber construction connectors market, 2017-2028 (US$M)
Related Markets
Canada timber construction connectors market highlights
- The Canada timber construction connectors market generated a revenue of USD 75.0 million in 2020 and is expected to reach USD 243.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 15.8% from 2021 to 2028.
- In terms of segment, timber to timber was the largest revenue generating product in 2020.
- Timber to Steel 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 75.0 million |
| Market revenue in 2028 | USD 243.0 million |
| Growth rate | 15.8% (CAGR from 2020 to 2028) |
| Largest segment | Timber to timber |
| Fastest growing segment | Timber to Steel |
| 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, Canada accounted for 10.0% 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 North America, U.S. timber construction connectors market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 270.7 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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Canada 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 86.67% in 2020. Horizon Databook has segmented the Canada 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.
Wood frame house construction in Canada is popular owing to its easy construction, wide availability of raw materials, and environment-friendly nature. A large-scale demand for wood-based houses in Canada emerged with a rise in trends for separate single-family and multifamily homes in the past 10 years.
Moreover, awareness among consumers regarding wood-based construction materials that use less energy and emit less amount of greenhouse gases has augmented the growth of the timber construction connectors market. The government of Canada is supporting the utilization of wood in tall commercial building structures that will help reduce energy consumption in the longer run.
Moreover, initiatives to support wood construction for residential units have influenced raw material suppliers to increase the production of raw wood. For instance, in 2007, Natural Resources Canada (NRCan) initiated funds for research & developments in new generations of wood products and certify the performance of wood as a construction material.
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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 Canada timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Canada timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada timber construction connectors market report size, by product, 2017-2028 (US$M)
Canada Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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