Latin America Timber Construction Connectors Market Size & Outlook
Latin America timber construction connectors market, 2017-2028 (US$M)
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Latin America timber construction connectors market highlights
- The Latin America timber construction connectors market generated a revenue of USD 115.1 million in 2020.
- The market is expected to grow at a CAGR of 14.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 115.1 million |
| Market revenue in 2028 | USD 338.2 million |
| Growth rate | 14.4% (CAGR from 2020 to 2028) |
| Largest segment | Timber to timber |
| Fastest growing segment | Timber to Timber |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 15.3% of the global timber construction connectors market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- North America is the fastest growing regional market and is projected to reach USD 583.7 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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Latin America 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 87.49% in 2020. Horizon Databook has segmented the Latin America 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.
Rising construction activities in Central & South America owing to lower base effects, strong economic and policy reforms, and a robust project pipeline are expected to drive the demand for construction materials. In addition, business-friendly policies aiming to improve the business environment are likely to attract private investment in manufacturing and construction industries, which is expected to propel growth of wood construction over the forecast period.
Credit restrictions, low consumer income, and ineffective government housing programs, especially in Brazil, are expected to negatively impact the demand from residential sector over the estimated time. However, increasing demand for housing in Colombia and Peru is expected to propel the product demand from residential sector over the forecast period.
Wood construction trends in the region have been influenced by several high-rise building projects made entirely from wood-based products. The projects include The Torre Experimental Peñuelas, Peñuelas Lagoon National Reserve, Edificio Iconico de Rancagua project, and others.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America timber construction connectors market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America timber construction connectors market report size, by country, 2017-2028 (US$M)
Latin America Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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