Japan Timber Construction Connectors Market Size & Outlook
Japan timber construction connectors market, 2017-2028 (US$M)
Related Markets
Japan timber construction connectors market highlights
- The Japan timber construction connectors market generated a revenue of USD 22.2 million in 2020 and is expected to reach USD 55.8 million by 2028.
- The Japan market is expected to grow at a CAGR of 12.2% 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 22.2 million |
| Market revenue in 2028 | USD 55.8 million |
| Growth rate | 12.2% (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, Japan accounted for 3.0% 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 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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Japan 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 82.88% in 2020. Horizon Databook has segmented the Japan 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.
Climatic changes owing to global warming have prompted the government of Japan to take steps toward reducing greenhouse gas emissions by lowering the overall energy consumption. The government of Japan enforced regulations for energy-efficient buildings through The Energy Conservation Act of 2017.
This is likely to promote the use of timber constructions in the country to reduce Co2 levels and influence the construction of energy-efficient structures. Thus, the demand for timber connectors is expected to rise with the growing demand for wood constructions. Japan accounted for a notable share, in terms of the consumption of wood-based construction materials, in the region in 2020. This is supported by favorable government norms promoting the use of softwood and engineered hardwood products in construction projects.
Moreover, consumption tax for construction projects by the country’s government from 2019 reduced to less than 10%, which is anticipated to positively influence 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 Japan timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Japan timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Japan timber construction connectors market report size, by product, 2017-2028 (US$M)
Japan Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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