UK Timber Construction Connectors Market Size & Outlook
UK timber construction connectors market, 2017-2028 (US$M)
Related Markets
UK timber construction connectors market highlights
- The UK timber construction connectors market generated a revenue of USD 48.0 million in 2020 and is expected to reach USD 102.1 million by 2028.
- The UK market is expected to grow at a CAGR of 9.9% 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 48.0 million |
| Market revenue in 2028 | USD 102.1 million |
| Growth rate | 9.9% (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, UK accounted for 6.4% 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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UK 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 84.79% in 2020. Horizon Databook has segmented the UK 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 UK economy is witnessing sluggish growth on account of increased inflation, coupled with declining business investments, owing to constant political and economic uncertainties related to Brexit negotiations. This is anticipated to significantly affect the growth of its construction industry. The construction industry contributes to over 6% of the country’s GDP.
The UK’s construction industry is likely to exhibit signs of revival till 2025. However, the growth of the construction industry was affected due to the concerns of investors regarding BREXIT. Furthermore, the slowdown of the British economy has resulted in limited growth of the construction industry. However, the advent of digital construction is one of the major factors expected to drive the growth of the overall construction industry in the country, thereby augmenting the demand for wooden construction.
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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 UK timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into UK timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UK timber construction connectors market report size, by product, 2017-2028 (US$M)
UK Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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