The global timber construction connectors market size was valued at USD 753.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.9% from 2021 to 2028. The growing demand for wood-based constructions on account of the superior aesthetic appeal in the residential and commercial constructions is expected to drive the market.
The demand for timber construction is likely to increase in the upcoming years on account of a rise in the demand for sustainable constructions. Socio-ecological advantages of green constructions, along with the proliferation of Mass Engineered Timber (MET) products, are expected to increase the demand for timber construction in the coming years. Major benefits of timber construction include reduced Co2 emissions and carbon consumption and biophilic design.
Key Player Mentioned:
- 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
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Product Segment Analysis:
- Timber to Timber
- Timber to Masonry
- Timber to Steel
Application Segment Analysis:
- Residential
- Commercial
- Infrastructure
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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Mass timbers, cross-laminated timber, wood panels, and other wood-based products are widely being accepted in construction projects, which is driving the demand for specialized connectors. Advancements in the production of fastening components have led to the introduction of durable connectors, including rings, plates, and rods, which can hold heavy wooden beams and panels firmly.
In Germany, the recent revision of the International Building Code (IBC) in 2021 has eased the construction approval process for wooden structures. Owners are now allowed the certificates to construct wooden premises up to 18 stories. Several economies across the globe, where timber production is abundant, are aiming to incorporate these new building codes for timber projects.
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