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Global Mass Timber Construction Market to reach USD 1366.09 million by the end of 2029.

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

Product Code: OIRBC-65556206
Publish Date: 15-05-2023
Page: 200

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
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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)

By Application:
Residential Construction
Commercial Construction
Industrial Construction

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Mass Timber Construction Market, by Region, 2019-2029 (USD Million)
1.2.2. Mass Timber Construction Market, by Type, 2019-2029 (USD Million)
1.2.3. Mass Timber Construction Market, by Material, 2019-2029 (USD Million)
1.2.4. Mass Timber Construction Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Materialology
1.5. Research Assumption
Chapter 2. Global Mass Timber Construction Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Mass Timber Construction Market Dynamics
3.1. Mass Timber Construction Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing Construction Sector Increasing demand for infrastructure
3.1.2. Market Challenges High cost of mass timber
3.1.3. Market Opportunities Growing technological advancements Increase urbanization rate
Chapter 4. Global Mass Timber Construction Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Mass Timber Construction Market, by Type
6.1. Market Snapshot
6.2. Global Mass Timber Construction Market by Type, Performance – Potential Analysis
6.3. Global Mass Timber Construction Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Mass Timber Construction Market, Sub Segment Analysis 1-8 Storey Above 8 Storey
Chapter 7. Global Mass Timber Construction Market, by Material
7.1. Market Snapshot
7.2. Global Mass Timber Construction Market by Material, Performance – Potential Analysis
7.3. Global Mass Timber Construction Market Estimates & Forecasts by Material 2019-2029 (USD Million)
7.4. Mass Timber Construction Market, Sub Segment Analysis
7.4.1. Cross-laminated Timber (CLT)
7.4.2. Nail-laminated Timber (NLT)
7.4.3. Glue-laminated Timber (GLT)
7.4.4. Other
Chapter 8. Global Mass Timber Construction Market, by Application
8.1. Market Snapshot
8.2. Global Mass Timber Construction Market by Application, Performance – Potential Analysis
8.3. Global Mass Timber Construction Market Estimates & Forecasts by Application 2019-2029 (USD Million)
8.4. Mass Timber Construction Market, Sub Segment Analysis
8.4.1. Residential Construction
8.4.2. Commercial Construction
8.4.3. Industrial Construction
Chapter 9. Global Mass Timber Construction Market, Regional Analysis
9.1. Mass Timber Construction Market, Regional Market Snapshot
9.2. North America Mass Timber Construction Market
9.2.1. U.S. Mass Timber Construction Market Type breakdown estimates & forecasts, 2019-2029 Material breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Mass Timber Construction Market
9.3. Europe Mass Timber Construction Market Snapshot
9.3.1. U.K. Mass Timber Construction Market
9.3.2. Germany Mass Timber Construction Market
9.3.3. France Mass Timber Construction Market
9.3.4. Spain Mass Timber Construction Market
9.3.5. Italy Mass Timber Construction Market
9.3.6. Rest of Europe Mass Timber Construction Market
9.4. Asia-Pacific Mass Timber Construction Market Snapshot
9.4.1. China Mass Timber Construction Market
9.4.2. India Mass Timber Construction Market
9.4.3. Japan Mass Timber Construction Market
9.4.4. Australia Mass Timber Construction Market
9.4.5. South Korea Mass Timber Construction Market
9.4.6. Rest of Asia Pacific Mass Timber Construction Market
9.5. Latin America Mass Timber Construction Market Snapshot
9.5.1. Brazil Mass Timber Construction Market
9.5.2. Mexico Mass Timber Construction Market
9.6. Rest of The World Mass Timber Construction Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Hochstetler Milling, Ltd Key Information Overview Financial (Subject to Data Availability) Type Summary Recent Developments
10.2.2. American Post & Beam
10.2.3. Hearthstone Homes, Inc.
10.2.4. Honest Abe Log Homes, Inc.
10.2.5. Davis Frame Company
10.2.6. Lancaster County Timber Frames Inc.
10.2.7. Mill Creek Post & Beam Company
10.2.8. British Columbia Timber Frame Company
10.2.9. Blue Ridge Timberwrights
10.2.10. Canadian Timberframes Ltd,

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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