Timber construction connectors refer to hardware and plastic components used to connect and fix wooden structural components. They are widely used in construction, furniture, and various wooden products to ensure structural stability, safety, and durability.
Overview of the Development and Segmented Market Analysis of the North American Timber Construction Connector Market
The North American region has vast forest resources, providing favorable conditions for the development of timber structures. In recent years, with the increasing awareness of environmental protection and the development of sustainable architecture, wooden structures have received increasing attention and application in North America. Timber construction connectors are an important component of wooden structures, and their market demand is closely related to the development of wooden structures.
According to our research data, the market size of timber construction connectors in North America reached $496 million in 2023. In the future, with the popularization of wooden structure construction and technological progress, the market demand for timber construction connectors will continue to grow. It is expected that the market size of timber construction connectors in North America will increase to $535 million by 2025.
At present, the North American timber construction connector market mainly includes nails, bolts, wedges, connecting plates, and other product types. Among them, nail connectors occupy the largest market share. Data shows that in 2023, the size of the North American nail-type timber construction connector segment market was $170 million, and the market share was 34.23%.
North American Timber Construction Connector Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the North American timber construction connector market is moderate. According to our data, the total production value of timber construction connectors among the top 3 enterprises in the industry was $622 million in 2020, with a total share of 39.52%. The top 3 companies were Simpson Strong-Tie, MiTek, and Pryda. In 2020, these three companies accounted for 35.82%, 12.76%, and 1.94% of the global total production value of timber construction connectors, respectively.
Timber Construction Connector Production Value and Share of Main
Enterprises in 2020
Enterprises
|
Production Value (Million USD)
|
Share
|
Simpson Strong-Tie
|
442
|
35.82%
|
MiTek
|
157
|
12.76%
|
Pryda
|
23
|
1.94%
|
Top3企业
|
622
|
39.52%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Timber Construction Connectors Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".