China Timber Construction Connectors Market Size & Outlook
China timber construction connectors market, 2017-2028 (US$M)
Related Markets
China timber construction connectors market highlights
- The China timber construction connectors market generated a revenue of USD 35.3 million in 2020 and is expected to reach USD 90.5 million by 2028.
- The China market is expected to grow at a CAGR of 12.5% 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 35.3 million |
| Market revenue in 2028 | USD 90.5 million |
| Growth rate | 12.5% (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, China accounted for 4.7% 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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China 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 84.7% in 2020. Horizon Databook has segmented the China 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.
In China, green building standard, The Green Building Energy Label (GBEL), has mandated the compliances of public buildings including government institutions, schools, hospitals, museums, stadiums, restaurants, shopping malls, airports, and railway stations.
The expanding population and need for residential and non-residential structures in the country have augmented the demand for construction activities, thereby supporting the demand for wood constructions. This, in turn, is influencing the growth of the timber connectors market. The development of smart buildings to provide sustainable solutions and energy-efficiency is expected to help penetrate wood-based materials for construction applications.
In China, the use of crosslaminated timber has witnessed an upward trend from 2015 owing to the adoption of eco-friendly building materials in the country. Moreover, focus on ecological and green community development in the country and favorable government regulations allowing the construction of commercial wood buildings up to 8 stories are likely to support the growth of the 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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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 country-level data and insights on the China timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into China timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China timber construction connectors market report size, by product, 2017-2028 (US$M)
China Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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