Timber Construction Connectors Market Size Is Expected To Reach USD 2.14 Billion By 2028

Posted by rahul nikade on December 15th, 2022

Timber Construction Connectors Industry Overview

The global timber construction connectors market size is expected to reach USD 2.14 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.9% from 2021 to 2028. Increasing trends pertaining to timber-based construction, especially for residential structures, are expected to drive the demand for timber construction connectors over the forecast period.

Timber Construction Connectors Market Segmentation

Grand View Research has segmented the global timber construction connectors market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Timber to Timber, Timber to Masonry, Timber to Steel.

• Timber to timber construction connectors accounted for the largest revenue share of over 80.0% in 2020. Timber-to-timber connectors used in construction applications include split rings that are installed in pre-cut grooves. 
• The key components used for connecting timber to masonry include angle brackets, joist hangers, restraint straps, and other standard plates. These products are manufactured in a variety of shapes and sizes to match the requirements of construction projects as the beam size is not specified across wood construction. 
• Shear plates and toothed plates are widely used for bonding applications in wooden construction. Shear plates are installed in pre-cut grooves that can also flush into the timber surface with steel side plates or wood side plates. Toothed plates are installed by simply pressing them into the timber.
• Toothed plate connectors are mostly available in circular, oval, and square shapes. They can be fixed into the timber with the help of connectors, bolts, or screws. The rise in demand for wooden construction based on heavy- and large-size beams and panels is anticipated to increase the demand for timber to steel connectors across the world.

Based on the Application Insights, the market is segmented into Residential, Commercial, Infrastructure.

• The residential application segment led the market and accounted for a revenue share of more than 55.0% in 2020. Timber is sustainable and aesthetically pleasing in residential applications.
• Mass Engineered Timber (MET) is used for several applications including framing, casework, paneling, flooring, trims, cabinets, and interior design components owing to the superior qualities it offers as compared to conventional wood. Besides, it is popularly used for decorative applications due to its aesthetic appeal.
• The commercial construction segment includes office buildings, government offices, shopping malls, hypermarkets, departmental stores, restaurants, hotels, resorts, and others. Modern trends for aesthetic improvements have penetrated the utilization of wooden structural components, which is supporting the demand for connectors.
• Infrastructure applications for timber construction are still underway as it is less sturdy than concrete and cement. Structural developments for the enhancement of wooden strength are being investigated by governing authorities and industry participants.

Timber Construction Connectors Regional Outlook 

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market for timber construction connectors is likely to ascend at a high rate on account of a rise in the adoption of wood-based construction across the globe. Increasing production of connectors to meet the rising demand from the end-use segments has pushed the market with slight competitiveness.

Some prominent players in the global timber construction connectors market include

• Pryda (ITW, Inc.)
• Simpson Strong Tie Co., Inc.
• MITEK INC.
• Timberplates
• Connext Post and Beam
• Knapp GmbH
• Eurotec GmbH
• MTC Solutions
• BPC Fixings (The Vista Group)
• Globus Industries
• CQFD
• Taurus India Limited

Order a free sample PDF of the Timber Construction Connectors Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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