About Mass Timber construction
Mass Timber construction is an energy-efficient alternative to high-rise and commercial buildings. Wood is a natural, renewable, and sustainable material for building, with a lighter carbon footprint than steel or concrete. It is commonly used for floors, beams, columns, and arches. The benefits of mass timber construction are Light in Weight, Cost-efficient, and, Structurally Strong.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Mass Timber Construction market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, and focusing on maintaining sustainable development. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
adera development (Canada), Hasslacher (Austria), Seagate (Ireland), Structurlam (Canada), Nordic structural (Canada), StructureCraft (Canada), Brisco Manufacturing (Canada), Mayr-Melnhof Holz Group (Austria), Stora Enso (Finland) and KLH Massivholz GmbH (Austria) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mass Timber construction market by Type (Nail-Laminated Timber (NLT), Glued-Laminated Timber (GLT), Cross-Laminated Timber (CLT), Laminated Strand Lumber (LSL), Laminated Veneer Lumber (LVL), Timber-Concrete Composites (TCC) and Others), Application (Residential, Commercial and Industry) and Region.
On the basis of geography, the market of Mass Timber construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product , the sub-segment i.e. Beams will boost the Mass Timber construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Composition , the sub-segment i.e. Multiple solid will boost the Mass Timber construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Mass timber is increasingly becoming a sustainable option for traditional building materials.
Market Growth Drivers:
Rising residential sector demand
Challenges:
Structural limitation and High Insurance
Restraints:
Cracks and bends over time and different climatic conditions and Risk on Fire
Opportunities:
Provide affordable housing for residents of our province
Market Leaders and their expansionary development strategies
In February 2023, the hasslacher group acquires a 40% stake in Egoin Wood group. Egoin Wood Group currently has a total production capacity of 22,000 m3 engineered timber products—14,000 m3 cross-laminated timber and 8,000 m3 glulam—which is expected to double to up to 52,000 m3 when the third cross-laminated timber plant in Legutio comes on stream in mid-2023.
In September 2020, Adera Development doubles its commitment to mass timber construction in Metro Vancouver with hundreds of homes already in the development and construction process, Adera has set the target of adding at least 1,000 new sustainably-built mass timber homes to the region by 2025. Adera is fully engaged in its role to help turn B.C. into a global hub for mass timber excellence, including manufacturing, design, and construction.
Key Target Audience
Government Agencies, Governmental Bodies, Raw material provider, Mass Timber construction manufactural, End User Industry, Customer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.