Mexico Timber Construction Connectors Market Size & Outlook
Mexico timber construction connectors market, 2017-2028 (US$M)
Related Markets
Mexico timber construction connectors market highlights
- The Mexico timber construction connectors market generated a revenue of USD 33.8 million in 2020 and is expected to reach USD 70.0 million by 2028.
- The Mexico 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 33.8 million |
| Market revenue in 2028 | USD 70.0 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, Mexico accounted for 4.5% 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 North America, U.S. timber construction connectors market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 270.7 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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Mexico 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 83.14% in 2020. Horizon Databook has segmented the Mexico 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 growing demand for residential and commercial building structures in Mexico is driving the growth of the construction industry. Factors such as fast-paced urbanization, increased rate of migration, and increasing population in the country have contributed to the fast growth of the construction industry. As per the reports by the World Bank, the country’s population is expected to reach 133.8 million by 2021 and 164.3 million by 2030.
The growing population is projected to positively impact the growth of the residential construction sector over the forecast period. Rapid urbanization, growing middle-class population, and increasing purchasing power of individuals are expected to augment the demand for residential housing structures. The household construction industry is expected to add 830,000 units annually by 2030, thereby generating a healthy demand for wood-based constructions.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Mexico timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico timber construction connectors market report size, by product, 2017-2028 (US$M)
Mexico Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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