Global Mass Timber Construction Market Size study & Forecast, by Type (1-8 Storey, above 8 Storey), by Material (Cross-laminated Timber (CLT), Nail-laminated Timber (NLT), Glue-laminated Timber (GLT), Other), by Application (Residential Construction, Comm

Global Mass Timber Construction Market Size study & Forecast, by Type (1-8 Storey, above 8 Storey), by Material (Cross-laminated Timber (CLT), Nail-laminated Timber (NLT), Glue-laminated Timber (GLT), Other), by Application (Residential Construction, Commercial Construction, Industrial Construction) and Regional Analysis, 2022-2029

Global Mass Timber Construction Market is valued at approximately USD 857.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2022-2029. Mass timber is a sustainable building material made from wood and helps to reduce construction waste by replacing more carbon-intensive materials such as concrete and steel. The mass timber construction makes use of timber from different trees such as bamboo, cherry, mahogany, and birch. The growing demand by the construction sector is anticipated to increase the Mass Timber Construction Market growth.

The primary key factor anticipated to accelerate the growth of the Mass Timber Construction Market is increasing demand in the construction sector. According to the Global Construction 2030 Report, the construction industry across the globe is expected to grow by 85% and is projected to reach USD 15.5 trillion by 2030. Also, according to FDI, In December 2021, construction development and construction activity sectors stood at USD 26.17 billion and USD 26.30 billion, Also, rapid industrialization and increased demand for infrastructure worldwide will accelerate market growth. Moreover, advanced technologies for increasing efficiency and increasing urbanization rates all around the world are anticipated to create a positive outlook for the market. However, the high initial cost of mass timber stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Mass Timber Construction Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of the largest share due to the increased use of environment-friendly building materials and increased Renovation, remodeling, and reconstruction costs of buildings, contributing to regional growth. Asia-Pacific is expected to grow with the highest CAGR during the forecast period, owing to increased demand for mass timber construction in the region.

Major market player included in this report are:
Hochstetler Milling, Ltd
American Post & Beam
Hearthstone Homes, Inc.
Honest Abe Log Homes, Inc.
Davis Frame Company
Lancaster County Timber Frames Inc.
Mill Creek Post & Beam Company
British Columbia Timber Frame Company
Blue Ridge Timberwrights
Canadian Timberframes Ltd.

Recent Developments in the Market:
In July 2022, IGL Coatings has launched an Eco coat Armor, which is used to maintain and extend the life of various surfaces. It is a robust and long-lasting coating with excellent flexibility, impact resistance, and chemical resistance. The coating provides resistance to chemicals, corrosion, and extreme conditions.

Global Mass Timber Construction Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Material, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
1-8 Storey
Above 8 Storey

By Material:
Cross-laminated Timber (CLT)
Nail-laminated Timber (NLT)
Glue-laminated Timber (GLT)
Other

By Application:
Residential Construction
Commercial Construction
Industrial Construction

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Hochstetler Milling, Ltd
American Post & Beam
Hearthstone Homes, Inc.
Honest Abe Log Homes, Inc.
Davis Frame Company
Lancaster County Timber Frames Inc.
Mill Creek Post & Beam Company
British Columbia Timber Frame Company
Blue Ridge Timberwrights
Canadian Timberframes Ltd.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.