Global Timber Frames Market Is Set To Reach US$ 973.3 Million By The End Of 2032

The global timber frames market is estimated at US$ 487.3 million in 2022 and is expected to expand at a CAGR of 7.1% till 2032, says market research and competitive intelligence provider, Fact.MR.

There has explicit demand for houses made from timber frames, which can be integrated with indoor plants, and fresh colours, which will enhance the space with ample ventilation and lighting. This aesthetic attribute of a timber house with added sustainability drives timber frames to be used as a replacement for synthetic building materials.

Changing regulations and policies for staying on the path of sustainability, there has been a keen interest shown by the governments to adopt low-carbon materials for building. Green buildings have become the potential solution providing more significant benefits through the use of sustainable materials. Timber is the material that is the only renewable resource used in construction possessing about 75% lesser carbon footprint as compared to concrete or steel. Thereby, timber is the contending material for developing green buildings.

As compared to conventional buildings made from cement and steel, timber frame homes are 20-30% more economic. This is solely subject to regional availability and the positive network externalities followed in the region. Apart from the cost structure, timber frame homes can be delivered as a prefabricated model which shall reduce time-induced cost. All in all, reduced time and the cost of delivering home attract potential consumers to the Timber Frames Market.

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Key Takeaways from Market Study

• The global timber frames market is estimated to grow at a CAGR of 7.1% in the forecast period 2022-2032
• The market witnessed a 6.4% CAGR for the period of 2017-2021
• Common truss dominates the market and is estimated to be valued at US$ 236.7 million in 2022
• North America is expected to be the crown of the market with a 62.5% market share in 2022
• Timber frames are extensively used for personal spaces and are likely to represent 84.9% market share in 2022
• North America and Europe’s demand for timber frames is expected to increase at CAGRs of 7.2% and 7.8%, respectively

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“Green Building Projects and Growing Café Count to Bolster Market Growth Over the Forecast Period,” says a Fact.MR analyst.

Market Development

Market players are constantly increasing their geographical expansion and tapping the emerging market in addition to maximum utilization of accessible resources. Players are also expanding their operations on higher scales in untapped regions with diverse product offerings, which primarily focus on customized solutions.

Furthermore, market players are taking efforts to increase their customer base by focusing on commercial spaces in addition to personal spaces.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global timber frames market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of truss (common truss, king post truss, hammer beam truss, scissor truss, others), timber (pine, spruce, oak, fir, larch, others), and application (personal spaces, commercial spaces), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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