India Timber Construction Connectors Market Size & Outlook
India timber construction connectors market, 2017-2028 (US$M)
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India timber construction connectors market highlights
- The India timber construction connectors market generated a revenue of USD 8.6 million in 2020 and is expected to reach USD 17.7 million by 2028.
- The India market is expected to grow at a CAGR of 9.5% 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 8.6 million |
| Market revenue in 2028 | USD 17.7 million |
| Growth rate | 9.5% (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, India accounted for 1.1% 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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India 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 82.56% in 2020. Horizon Databook has segmented the India 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.
Timber-based construction in India is expected to gain shares in the coming years owing to a rise in consumer awareness regarding the beneficial properties of wood. Timber and other wood-based products are gaining popularity for the construction of luxury hotels and high-rise buildings on account of their aesthetic properties and ecofriendly nature.
However, concrete construction materials are expected to dominate the market over the forecast period. The development of modern building structures in metropolitan cities in India is expected to follow green building codes and comply with energy-efficiency norms.
This is likely to influence the growth of the green building materials market. Moreover, the adoption of modern and eco-friendly construction materials for residential construction in the country is expected to help in the growth of the market over the forecasted 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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Horizon Databook provides a detailed overview of country-level data and insights on the India timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into India timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India timber construction connectors market report size, by product, 2017-2028 (US$M)
India Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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