Press release
Timber Construction Connectors Market 2022 Top Growing Companies Analysis and Segmentation Outlook till 2029 | Connext Post and Beam,Simpson Strong Tie,Knapp GmbH,Pryda
The "Timber Construction Connectors Market" report describes in detail the demand and consumption of various products related to the market growth dynamics during the forecast period of 2022-2029. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown and opportunity assessment. This global Timber Construction Connectors Market report guarantees rich data on various market opportunities. The research report covers key gaming enthusiasts within the industry, CAGR value, market drivers, restraints, and international competitive strategies from the region. The report includes strong research from expert analysts.The global Timber Construction Connectors Market is expected to grow with a CAGR greater than 13.8% during the forecast period of 2022-2029.
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Market Overview:
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 suspension of construction activities in 2020 to curb the spread of the COVID-19 outburst has negatively impacted the wood construction activities, thus hampering the demand for connectors. Supply chain disruption and termination of trade activities across the globe emerged as the other key factors hampering the market growth. As per the 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. Moreover, a rise in the demand for wooden construction, especially for residential and commercial construction projects, is anticipated to support the market growth. The demand for timber construction is likely to increase in the upcoming years on account of a rise in the demand for sustainable construction. 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.
The major companies operating in the global Timber Construction Connectors Market outlined in the report are:
Connext Post and Beam,Simpson Strong Tie,Knapp GmbH,Pryda,Timberplates,MiTek
Recent Development:
Simpson Manufacturing has acquired 4 companies, including 1 in the last 5 years. Simpson Manufacturing's largest acquisition to date was in 2021, when it acquired Etanco Group for $817M. Simpson Manufacturing has acquired in 1 US state, and 4 countries. The Company's most targeted sectors include building materials (50%) and construction (25%).
Mitek has acquired 6 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset. Mitek's largest acquisition to date was in 2022, when it acquired HooYu for $151M. Mitek has acquired in 2 different US states, and 5 countries. The Company's most targeted sectors include software (67%) and internet software and services (34%).
Timber Construction Connectors Market Segments:
Market Segmentation: By Type
3-way Connectors
4-way Connectors
Others
Market Segmentation: By Application
Residential Building
Commercial Building
Infrastructure
Regions Are covered by Global Timber Construction Connectors Market
For a comprehensive understanding of market dynamics, the Global Timber Construction Connectors Market is analyzed across key geographies namely:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, and Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
Regional Insight:
Europe dominated the market and accounted for a revenue share of over 35.0% in 2020. High penetration of wood-based constructions, especially in countries such as Germany, Sweden, and France, is expected to drive the demand for products. Moreover, under the program Build-in-wood by Horizon 2020, the proportion of timber construction is projected to ascend, thereby positively influencing the growth of the timber connectors market.
Germany is likely to be the largest shareholder in the European market over the forecast period. This can be attributed to the high penetration of wood-based houses in the country and increasing trends for eco-friendly constructions. The government of Germany introduced the Housing Construction Campaign in an attempt to deal with the rising prices and the shortage of housing in the country. This is expected to aid the growth of the construction market and support the demand for timber connectors.
Explore Full Report with Detailed TOC Here:
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The study objectives of this report are:
- To study and analyze the Global Timber Construction Connectors market size (value and volume) by the company, key regions/countries, products and applications, history data from 2016 to 2021, and forecast to 2029.
- To understand the structure of Timber Construction Connectors by identifying its various sub-segments.
- To share detailed information about the key factors manipulating the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
- To analyze the report with respect to individual growth trends, future prospects, and their contribution to the total market.
- To analyze modest developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Scope of The Timber Construction Connectors Market Report:
- The report analyses Timber Construction Connectors by Type Segment.
- The report assesses the Timber Construction Connectors by End User.
- The Global Timber Construction Connectors has been analyzed by Region.
- The key insights of the report have been presented through the frameworks of SWOT and Market Attractiveness charts.
- The attractiveness of the market has been presented by Region, Type and by End User. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
- The report provides a detailed pipeline analysis developed to cure the problem of Timber Construction Connectors.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
-To take advantage of business owners, tap hard at Timber Construction Connectors research to get a thorough understanding of current momentum.
- The report presents the analysis of Timber Construction Connectors for the historical period of 2016-2021 and the forecast period of 2022-2029.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
Customizable: The Global Timber Construction Connectors Market
The Global Timber Construction Connectors Market report may be modified to meet your specific business needs. Because we understand our clients' needs, we offer 25% customization to any of our reports without adding additional value to all of our clients.
Thank you for taking the time to read this article… In accordance with the unique needs of your business, we may also design a custom report. Within 24 hours, we'll get in touch with you and assist you with locating the investigative reports.
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