Germany Timber Construction Connectors Market Size & Outlook
Germany timber construction connectors market, 2017-2028 (US$M)
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Germany timber construction connectors market highlights
- The Germany timber construction connectors market generated a revenue of USD 78.2 million in 2020 and is expected to reach USD 207.1 million by 2028.
- The Germany market is expected to grow at a CAGR of 12.9% 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 78.2 million |
| Market revenue in 2028 | USD 207.1 million |
| Growth rate | 12.9% (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 |
Other key industry trends
- In terms of revenue, Germany accounted for 10.4% 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 Europe, Germany timber construction connectors market is projected to lead the regional market in terms of revenue in 2028.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 62.3 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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Germany 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 85.55% in 2020. Horizon Databook has segmented the Germany 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.
Germany is likely to be the largest contributor to the total share of the European timber construction connector market over the forecast period. This can be attributed to high penetration of wood-based houses in the country and increasing trends for eco-friendly constructions. The government of Germany introduced the Housing Construction Campaign in an attempt to deal with rising prices and shortage of housing in the country.
This is expected to aid the growth of the construction market and support the demand for timber connectors. The construction industry in the country has exhibited significant signs of revival and is expected to register a high growth rate over the forecast period. It witnessed a year-on-year growth of 5.1% in 2019, according to Germany Trade and Invest (GTAI).
Furthermore, the infrastructure industry in the country is anticipated to register significant growth owing to investments by the country’s federal government in the sector. Continuous innovations and high-tech developments in the country are likely to increase wooden construction and support 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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Germany timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Germany timber construction connectors market report size, by product, 2017-2028 (US$M)
Germany Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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