South Korea Timber Construction Connectors Market Size & Outlook
South Korea timber construction connectors market, 2017-2028 (US$M)
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South Korea timber construction connectors market highlights
- The South Korea timber construction connectors market generated a revenue of USD 13.2 million in 2020 and is expected to reach USD 35.8 million by 2028.
- The South Korea market is expected to grow at a CAGR of 13.3% 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 13.2 million |
| Market revenue in 2028 | USD 35.8 million |
| Growth rate | 13.3% (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, South Korea accounted for 1.8% 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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South Korea 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 87.12% in 2020. Horizon Databook has segmented the South Korea 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.
Residential construction is the largest segment in the South Korean construction industry and witnessed increasing investments with growing urbanization trends in the country. However, the growing population and a rise in tourism activities are projected to augment the growth of the retail segment, thereby driving non-residential construction in the country.
This, in turn, is projected to increase the demand for wood construction and timber connectors. The South Korean government has implemented a forest protection policy and began reforesting the country in the past few years. This also influenced the utilization of wood-based construction to reduce Co2 levels and increase the energy performance of the overall construction sector in the country.
A rise in the demand for single-family residential structures, coupled with growing demand for wood-based frame structures in commercial spaces, is projected to augment the demand for timber and associated accessories for bonding operations.
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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 South Korea timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into South Korea timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea timber construction connectors market report size, by product, 2017-2028 (US$M)
South Korea Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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