Russia Timber Construction Connectors Market Size & Outlook
Russia timber construction connectors market, 2017-2028 (US$M)
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Russia timber construction connectors market highlights
- The Russia timber construction connectors market generated a revenue of USD 15.6 million in 2020 and is expected to reach USD 62.3 million by 2028.
- The Russia market is expected to grow at a CAGR of 18.9% 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 15.6 million |
| Market revenue in 2028 | USD 62.3 million |
| Growth rate | 18.9% (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, Russia accounted for 2.1% 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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Russia 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 82.69% in 2020. Horizon Databook has segmented the Russia 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 construction industry in Russia is expected to witness rapid expansion over the forecast period owing to a rise in the demand for single houses, individual buildings, and abundant availability of raw materials for wood construction.
As per the reports by Nordregio Magazine (Nordic & Northwest Russia cooperation on wood and construction), single wooden housing units in Russia occupy over 22% of the construction projects, which is equivalent to 76 million square meters of area. In 2019, the demand for wooden homes in Russia grew by over 24%, equivalent to 8.8 million square meters of area.
The government of Russia is aiming to increase the output of the timber industry by offering tax benefits and ease of operations to industry players. Furthermore, the growing demand from residential wooden construction applications is expected to support the demand for connecting and bonding components for timbers in the coming years.
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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 Russia timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into Russia timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Russia timber construction connectors market report size, by product, 2017-2028 (US$M)
Russia Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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