Timber Frames Market to Surpass US$ 973.3 Million Valuation by 2032

The global timber frames market is set to enjoy a valuation of US$ 487.3 Million in 2022 and further expand at a CAGR of 7.1% to reach US$ 973.3 Million by the end of 2032.

There has been a drastic shift in the consumer demand for wooden-made houses in countries having the geographical advantage of the availability of timber. Also, diversified end-use of timber has created an explicit demand for natural timber. With their high sustainability, excellent insulation, ease of use, durability, and minimal maintenance requirements, timber frames are often employed in the construction of wooden dwellings. It is also one of the few construction materials that are non-toxic and do not release chemical vapor into the building.

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Key Takeaways from Market Study:
• The global timber frames market is estimated to grow at a CAGR of 7.1% in the forecast period 2022-2032

• The market witnessed a 6.4% CAGR for the period of 2017-2021

• Common truss dominates the market and is estimated to be valued at US$ 236.7 million in 2022

• North America is expected to be the crown of the market with a 62.5% market share in 2022

• Timber frames are extensively used for personal spaces and are likely to represent 84.9% market share in 2022

• North America and Europe's demand for timber frames is expected to increase at CAGRs of 7.2% and 7.8%, respectively

"Green Building Projects and Growing Café Count to Bolster Market Growth Over the Forecast Period," says a Fact.MR analyst.

Competitive landscape:

Prominent timber frame manufacturers are Bensonwood, British Colombia Timber Frames Co., Canadian Timber Frames, Daizen Joinery, International Timberframes, Okanagan Log & Timber Frames, OT Timber Frames, Purcell Timber Frames Homes, Streamline TimberFrame, Tamlin Timber Frames, Timber Home Living, Whiskey Creek Timber Framing, and Zirnhelt Timber Frames.

Manufacturers are focusing on providing clients with a timber frame that can be assembled on-site easily and efficiently without specialized equipment or modification. They are also concentrating on the development of innovative systems, processes, logistics, and technology that focus on making reliable and robust timber frames. Timber frame manufacturers are positioning themselves to create a synergy with architects, and builders to expand their reach in the construction industry.

Fact.MR has provided detailed information about the price points of key manufacturers of timber frames positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Companies Profiled
• Bensonwood
• British Colombia Timber Frames Co.
• Canadian Timber Frames
• Daizen Joinery
• International Timberframes
• Okanagan Log & Timber Frames
• OT Timber Frames
• Purcell Timber Frames Homes
• Streamline TimberFrame
• Tamlin Timber Frames
• Timber Home Living
• Whiskey Creek Timber Framing
• Zirnhelt Timber Frames

Segmentation of Timber Frames Industry Research:
By Truss :
• Common Truss
• King Post Truss
• Hammer beam Truss
• Scissor Truss
• Others

By Timber :
• Pine
• Spruce
• Oak
• Fir
• Larch
• Others

By Application :
• Personal Spaces
• Commercial Spaces

By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

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What is Driving High Demand for Timber Frames in US?

The US is set to hold higher market potential over long-term forecast period owing to consumer preference towards inexpensive homes and lower construction schedules. Repair, renovation, and residential construction represent around a third of timber consumption in the region.

The increased demand for DIY products in the country is further bolstering demand. Of the DIY applications, timber frame also captures a significant place as consumers are trying to reduce the overall building cost and are inclined towards recreational platforms for constructing their own living space.

The personal space application segment has been the key area for growth showcasing a complete dominance over the commercial space as the consumer spending on housing is more in the United States.

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This release was published on openPR.