Global Timber Construction Connectors Market Size, Trends & Growth Opportunity, By Product (Timber to Timber, Timber to Masonry, Timber to Steel), By Region and Forecast till 2027
Report ID : QR1001281 | Industries : Semiconductors and Electronics | Published On :November 2021 | Page Count : 259Global Timber Construction Connectors Market
The global Timber Construction Connectors market was valued at USD 838.3 million in 2020 which expected to reach USD 2140 million by 2027 at a CAGR 13.9% from 2020-2027.
Traditional structural timber connections are classified into two forms: dowel types and metal connectors. They differ in how forces are transferred between connected members. Metal fasteners have minimal to no fire resistance and can easily transfer and absorb heat. One frequent workaround is to use plasterboard as fire protection. The metal connectors you use have a significant impact on the structural stability of a structure or project. After all, even the strongest component is only as good as the connector utilized; once the connector fails, it's just a matter of time before the entire structure collapses.
Market Drivers
The need for timber construction is expected to expand in the next years as the demand for sustainable structures rises. The socio-ecological benefits of green structures, as well as the development of Mass Engineered Timber (MET) products, are likely to drive up demand for timber construction in the future years. Timber construction has numerous advantages, including lower CO2 emissions and carbon usage, as well as biophilic design.
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Market Restraints
In the construction industry, health and safety has long been a major issue. Working at heights, in restricted spaces, underground, and in close proximity to falling objects, handling loads manually, handling dangerous substances, and exposure to live electric cables are all tasks that construction workers must perform. Although the construction business employs only 6% of the workforce in the United States, it is responsible for about 20% of all fatalities, accounting for the highest number of fatalities of any other industry. Hazards to one's health and safety have a detrimental impact on the building sector, serving as a market restraint.
COVID-19 Impact on the Timber Construction Connectors Market
The suspension of construction activities in 2020 to stop the spread of the COVID-19 outbreak has had a significant impact on Timber Construction Connectors activities, limiting demand for connectors. Supply chain disruption and the cessation of trade operations around the world identified as the other major reasons impeding market growth.
Market Segmentation
The Global Timber Construction Connectors Market is segmented into By Product such as Timber to Timber, Timber to Masonry, and Timber to Steel. Timber to Timber segment has largest market share during the forecast period.
Regional Analysis
Global Timber Construction Connectors Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe dominated the Timber Construction Connectors market. This can be attributed to the country's high penetration of wood-based dwellings and the growing trend toward environmentally friendly constructions. The German government launched the Housing Construction Campaign in an attempt to address the country's escalating housing prices and scarcity. This is intended to help the building industry thrive and support demand for timber connections.
Key Players
Various key players are listed in this report such as Taurus India Limited, Simpson Strong Tie Co., Inc., MITEK INC., Timberplates, Knapp GmbH, Eurotec GmbH, MTC Solutions, BPC Fixings (The Vista Group), Globus Industries and among others.
Market Taxonomy
By Product
- Timber to Timber
- Timber to Masonry
- Timber to Steel
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Timber Construction Connectors Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Timber Construction Connectors Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Timber Construction Connectors Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Timber Construction Connectors Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Timber Construction Connectors Market Share Analysis, By Product
5.3 Global Timber Construction Connectors Market Size and Forecast, By Product
5.3.1 Timber to Timber
5.3.2. Timber to Masonry
5.3.3 Timber to Steel
6 Global Timber Construction Connectors Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Timber Construction Connectors Market Share Analysis, By Application
6.3 Global Timber Construction Connectors Market Size and Forecast, By Application
6.3. 1 Residential
6.3.2. Commercial
6.3.3. Infrastructure
7 Global Timber Construction Connectors Market, By Region
7.1 Global Timber Construction Connectors Market Share Analysis, By Region
7.2 Global Timber Construction Connectors Market Share Analysis, By Region
7.3 Global Timber Construction Connectors Market Size and Forecast, By Region
8 North America Timber Construction Connectors Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Timber Construction Connectors Market Share Analysis, By Product
8.3 North America Timber Construction Connectors Market Size and Forecast, By Application
8.4 North America Timber Construction Connectors Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Timber Construction Connectors Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Timber Construction Connectors Market Share Analysis, By Product
9.3 Europe Timber Construction Connectors Market Size and Forecast, By Application
9.4 Europe Timber Construction Connectors Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Timber Construction Connectors Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Timber Construction Connectors Market Share Analysis, By Product
10.3 Asia Pacific Timber Construction Connectors Market Size and Forecast, By Application
10.4 Asia Pacific Timber Construction Connectors Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Timber Construction Connectors Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Timber Construction Connectors Market Share Analysis, By Product
11.3 Latin America Timber Construction Connectors Market Size and Forecast, By Application
11.4 Latin America Timber Construction Connectors Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Timber Construction Connectors Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Timber Construction Connectors Market Share Analysis, By Product
12.3 Middle East Timber Construction Connectors Market Size and Forecast, By Application
12.4 Middle East Timber Construction Connectors Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Taurus India Limited
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Simpson Strong Tie Co., Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. MITEK INC
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Timberplates
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Knapp GmbH
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Eurotec GmbH
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 MTC Solutions.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 BPC Fixings
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Globus Industries
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies