Italy Timber Construction Connectors Market Size & Outlook
Italy timber construction connectors market, 2017-2028 (US$M)
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Italy timber construction connectors market highlights
- The Italy timber construction connectors market generated a revenue of USD 25.0 million in 2020 and is expected to reach USD 59.6 million by 2028.
- The Italy market is expected to grow at a CAGR of 11.4% 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 25.0 million |
| Market revenue in 2028 | USD 59.6 million |
| Growth rate | 11.4% (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, Italy accounted for 3.3% 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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Italy 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 87.2% in 2020. Horizon Databook has segmented the Italy 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 wooden building construction in Italy accounted for a notable share of over 8% in 2020 with over 3,500 new residential and commercial units across the country. The construction sector in Italy is still far away from a rebound since the decline it experienced owing to reduced investments in the sector. However, a modest recovery in construction activities is expected to result in a positive demand for construction materials including wood.
Associazione Nazionale Costruttori Edili (ANCE), the Italian construction association, reported slight growth in investments in the construction sector in 2019 owing to restoration and non-residential building activities. This, in turn, is expected to benefit the growth of the market.
The Italian government is planning a total expenditure of USD 116.4 billion to improve the public infrastructure over the next 15 years and an additional USD 4 billion for rebuilding activities in the areas affected by earthquakes. This is anticipated to boost the growth of the construction sector in the country, thereby augmenting the demand for construction connector products over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Italy timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Italy timber construction connectors market report size, by product, 2017-2028 (US$M)
Italy Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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