Novel upfront technology and planning in framing turnkey designs of timber frame buildings are set to provide higher growth to the market over the long-term forecast period. Integrated frame designs are anticipated to cut construction schedule times by nearly 50%, and the overall cost of labor as well that is incurred with conventional building methods.
Also, lowered cost of construction and attractive designs, and consumer inclination towards selected turnkey designs, will bolster overall demand for timber frames. Strong supply-side winds are expected to turn the tables towards the brighter side and provide long-term headwinds to the timber frames market.
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Key Segments Covered of Timber Frames Market
-
Truss
- Common Truss
- King Post Truss
- Hammerbeam Truss
- Scissor Truss
- Others
-
Timber
- Pine
- Spruce
- Oak
- Fir
- Larch
- Others
-
Application
- Personal Space
- Commercial Space
-
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Key Takeaways from Global Timber Frames Market Study
- The global timber frames market is anticipated to add 2.1X value by 2030 as compared to 2020.
- Common truss captures a governing share of the global timber frames market, and is set to create around US$ 230 Mn opportunity over the long-term forecast period.
- Fir is the fastest-growing segment in the timber frames market, owing to rapid growth of fir production across Canada and the United States.
- North America is set to dominate market revenue in 2020, and is expected to gain 34 BPS in its market share by 2030 over 2020.
- Personal space application is anticipated to lose around 260 BPS over the forecast period of 2020-2030.
- The U.K., Canada, and the United States of America are key countries dominating the demand for timber frames.
Key Segments Covered of Timber Frames Market
-
Truss
- Common Truss
- King Post Truss
- Hammerbeam Truss
- Scissor Truss
- Others
-
Timber
- Pine
- Spruce
- Oak
- Fir
- Larch
- Others
-
Application
- Personal Space
- Commercial Space
-
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
