North America Timber Construction Connectors Market Size & Outlook
North America timber construction connectors market, 2017-2028 (US$M)
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North America timber construction connectors market highlights
- The North America timber construction connectors market generated a revenue of USD 177.0 million in 2020.
- The market is expected to grow at a CAGR of 16.1% 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, U.S. is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 177.0 million |
| Market revenue in 2028 | USD 583.7 million |
| Growth rate | 16.1% (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, North America region accounted for 23.5% 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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North 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 85.14% in 2020. Horizon Databook has segmented the North 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.
The mass timber market in the North American region is relatively new owing to lower awareness regarding the product, lower production trends, and a limited number of suppliers, thus, limiting the growth of the timber construction connectors market. However, the presence of favorable policies supporting wood-based construction and increasing awareness regarding the product among consumers for significantly reducing Co2 emissions are expected to increase the demand for timber constructions.
As per reports by the U.S. Department of Agriculture, the demand for mass timber in the U.S. is likely to ascend at a double rate in the coming years until 2030 owing to rapidly increasing demand for wood constructions. In 2020, Canada accounted for significant consumption of timber products for residential constructions on account of high demand for wooden construction to tackle extreme weather conditions
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America timber construction connectors market, including forecasts for subscribers. This continent databook contains high-level insights into North America timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America timber construction connectors market report size, by country, 2017-2028 (US$M)
North America Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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