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Request Now !The global mass timber construction market is experiencing significant growth and is expected to grow considerably in the next few years. The construction sector is one of the most polluting due to the use of cement and steel. To address this issue, many sustainable construction techniques are being adopted. One such technique involves the use of mass timber. Mass timber is made of multiple solid, load-bearing wood panels stuck together to attain high strength and stability. Panels can be bound together through various methods, including nailing, gluing, or using dowels. These panels are used for constructing beams and planks, and can easily replace reinforced concrete. Apart from being environmentally friendly, mass timber proves to be structurally strong and meet the same performance and life safety standards as those of concrete and steel structures. It is categorized into three types on the basis of the building height it can be used to construct, such as type IVA (max. 18 stories), type IVB (max. 12 stories), and type IVC (max. 9 stories). Moreover, major players in the mass timber construction industry adopt advanced technologies to increase efficiency and load bearing capacity to sustain the competition in the mass timber construction market.
Market Scope and Structure Analysis
Description
Mass timber construction is an environment-friendly alternative to high-rise residential and commercial buildings constructed using steel and concrete, due to its smaller carbon footprint than steel and concrete. It helps the construction industry to achieve sustainability. Mass timber is derived from the trees such as bamboo, birch, cedar, cherry, mahogany, and oak.
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Material Type, Construction Type, Timber Type, End-user Industry, and Region |
Companies Covered | Canadian Timberframes Ltd., Hearthstone Homes, Inc., Hochstetler Milling, Ltd., Honest Abe Log Homes, Inc., Lancaster County Timber Frames Inc., Mill Creek Post & Beam Company, American Post & Beam®, British Columbia Timberframe Co., Blue Ridge Timberwrights, Davis Frame Company, and Mid-Atlantic Timberframes, |
COVID-19 Impact Analysis
Top Impacting Factors
Rise in concern over environmental degradation has forced many sectors to innovate and reinvent their old methods of operations. Hence, the construction sector is increasing its demand for sustainable and environmental friendly products such as mass timber, thereby increasing the demand for mass timber construction. Construction with mass timber is inexpensive, quick, and reliable. These features are anticipated to increase demand in the mass timber market. The availability of different kinds of wood used in preparing timber gives a variety of options to choose from. This availability of a wide range of options is anticipated to drive demand in the mass timber construction market. However, the insect infestation, water damage, and fungal attack on mass timber reduce its life. This is one of the restraining factors hindering the growth of the mass timber construction market. Contrarily, technological developments in mass timber construction design tools have enhanced the usability of mass timber in construction. This is expected to create lucrative opportunities for the mass timber construction market's growth during the forecast period.
Market Trends
Key Benefits of the Report
Key Market Segments
Segments | Sub-segments |
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