U.S. Timber Construction Connectors Market Size & Outlook
U.S. timber construction connectors market, 2017-2028 (US$M)
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U.S. timber construction connectors market highlights
- The U.S. timber construction connectors market generated a revenue of USD 68.2 million in 2020 and is expected to reach USD 270.7 million by 2028.
- The U.S. market is expected to grow at a CAGR of 18.8% 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 68.2 million |
| Market revenue in 2028 | USD 270.7 million |
| Growth rate | 18.8% (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, U.S. accounted for 9.1% 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 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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U.S. 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 84.46% in 2020. Horizon Databook has segmented the U.S. 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 timber construction connectors market in the U.S. is anticipated to ascend at a significant rate in the projected timeframe. This trend is likely to be supported by a rise in the demand for wooden construction, especially for residential and commercial construction projects. As per reports by the U.S.
Department of Agriculture, the demand for wood construction in the country is likely to double every two years till 2030, which is anticipated to offer growth prospects to the connectors market. Increasing construction of residential structures in the country, backed by a rise in the demand for single-family units, is anticipated to create scope for the growth of the connectors market.
Moreover, commercial contractors are utilizing wood components in commercial buildings, such as office buildings, government offices, institutions, hotels, and restaurants, in compliance with environmental norms. Thus, the demand for construction connectors is likely to ascend in the upcoming 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. timber construction connectors market, including forecasts for subscribers. This country databook contains high-level insights into U.S. timber construction connectors market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. timber construction connectors market report size, by product, 2017-2028 (US$M)
U.S. Timber Construction Connectors Market Share, 2020 & 2028 (US$M)
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