About the Report
Timber frames are simple trusses constructed utilizing different mechanical techniques to enhance the overall load bearing capacity of a building. Extensive utilization of timber frames for constructing homes and permissible story buildings will bolster demand for years to come. Building and construction industry growth coupled with favorable regional policies will strengthen demand for timber frames. Demand growth resonates with growth of the construction industry, increasing construction spending is boding well for this industry.
Apart from these factors, consumerism, supply chain, and other factors regarding the timber frames market have been discussed in a recently published report by Fact.MR. Insights have been streamlined in the report in the form of a timeline, where the report is drafted in historical (2015-2019) and forecast (2020 to 2030) terms.
Historical Trends Vs Future Projections
Extensive use of timber frames in the construction industry has strengthened demand for the product over the past half-decade. Over the same period, construction industry spending fluctuated multiple times, pushing the market into a roller coaster mode. All in all, the aggregate market for the same period portrayed a modest growth in demand.
In FY2020, the COVID-19 pandemic hit the construction industry, leading to a domino effect to the timber frames market. Decline in demand was a result of reduction in construction spending across regions. However, rise in investments in the construction industry has been observed from Q4 of FY2020, providing strong trade winds to the timber frames market.
Forecast period assessment can be done by breaking down the period into three assessable periods, i.e., short-term, medium-term, and long-term.
Short-Term:- COVID-19 has affected the overall construction industry, and the market is set to recover by Q3 of FY2021.
Medium-Term:- Normalization of construction spending and modest growth of the construction industry is set to have a positive effect on the timber frames market.
Long-Term:- Economic cycles, inflation rate, substitutes, and regional policies for timber frames will impact the overall market, which has been discussed in detail in the recently published report of Fact.MR.
Why Personal Space Application of Timber Frames Has Higher Significance over Commercial Spaces?
Personal spaces capture the demand throne of the timber frames market, owing to higher consumer inclination towards the product to construct homes. Despite recent change in building codes regarding construction of permissible story buildings, personal space will dominate the market over the long-term forecast period.
Market dominance of personal spaces is majorly due to the safety concerns of timber frame utilization in commercial spaces and regional policies, which will hinder the penetration of the product in tall story buildings/commercial spaces.
Which Type of Truss is the Most Sought-after for Timber Frames?
Key trusses available in the market have varying load bearing capacities and diversified application, which enhances the application of one truss over another. Few trusses that have gained prominence over others are common trusses and king post trusses, owing to their lower cost of production and ease of availability.
On the other side, mentionable trusses such as hammer beams and scissor trusses have lower penetration in the construction of homes, due to factors such as high cost of installation. Apart from this, comparative load bearing capacity plays a major role is decided which truss is more suitable according to the structure.
What are the Key Barriers of Timber Frames Market?
Presence of substitutes such as steel and cement, being key contenders against timber frames, will act as a major hurdle for the industry in the construction sector. Moreover, inability of timber frame manufacturers to market their products in high-potential regions such as Asia Pacific will remain as a major drawback of the market.
Apart from substitute risk, non-diversification of timber frame applications will negatively affect the long-run stance of the market. Despite growing demand for timber frames, dynamics shift in regional policies will affect the overall supply and demand balance of timber frame across the globe. This demand supply imbalance is set to be observed over the long-term forecast period, which is set to provide strong price points over the medium- and long-term forecast period.
What Makes the United States Lead the Timber Frames Landscape?
The United States captures has the highest demand not only in North America but across the globe, owing to strong positive network externalities of regional consumers. Apart from consumerism, regional policies have strong trade effects on the timber frames market.
In the past half-decade, this regional market has observed strong headwinds, owing to changes in building codes, and over the medium-term forecast period, the winds are set to settle down. By the end of the forecast period, tail winds are set to drive the market to saturation.
How is Canada Faring in the Timber Frames Market?
Canada also has a significant role in driving demand for timber frames. Regional economy and presence of abundance of wood act major driving factors of the market in the country. Apart from the availability of the product, low cost of construction and faster delivery schedules have helped the timber frames market to strengthen its stance in the country
USA and Canada rank on the top of the charts of mobility rates across the globe, which means these countries have strong demand for timber frames. Ease of dismantling and assembling homes using timber frames, coupled with ease of transportation, enhances the requisite for the product in the region.
United Kingdom Timber Frames Landscape
Europe holds a driving position of the market with the highest anticipated growth rate of timber frame penetration. Of all the countries considered in the region, the United Kingdom holds significant potential demand ratio of the timber frames market in the region.
Strong inclination of the construction industry in the region towards timber frames will bolster the long-term stance of the market. Apart from consumer inclination, positive network externalities and regional policies reinforce demand for timber frames. Apart from economic factors, cultural heritage of the European region will act as a key market steering factor over the forecast period.
Owing to the aforementioned regional factors, the market is assessed to expand at a rate of over 7% through 2030.
Fact.MR has profiled the following prominent timber frame manufacturers in its report:
- Taylor Lane Timber Frame Limited
- Walker Timber Engineering
- Persimmon Plc
- WIGO GROUP
- Low Field Timber Frames
- Canadian Timber Frames
- Tamlin Timber Frames
- Texas Timber Frames
- Purcell Timber Frames Homes
- British Colombia Timber Frames Co.
Historical Data Available for
US$ Mn for Value & Kilo Tons for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Key Questions Answered in Report
- Which Application Accounts for the Highest Demand?
Among the applications of timber frames considered, “personal spaces” governs the market owing to product integration feasibility in the construction sector and policy action from regional governments. On the other side, limitations of technological enhancement have hindered product integration in commercial space over the past half-decade.
- Which is the Potential Region for Setting up a Timber Frames Plant?
Among the four regions considered in the market, North America is set to hold higher market potential over the long-term forecast period, owing to consumer preference towards inexpensive homes and smaller construction schedules.
- What are the Key Differentiating Strategies Adopted by Players in the Timber Frames Market?
Manufacturers in Canada, especially in British Columbia, are mostly forward integrated with the availability of almost all timber types in the country, while players positioned in the U.K. aren’t benefitted in linear integration. The shift in overall dynamics of the market with change in geographies will render a major bounce in the price action reflected in respective markets.
- Why Do Policies Play a Crucial Role in Driving Demand for Timber Frames?
Policies play a strong role in driving the construction industry, especially timber frames, which act as a key component in the construction space, mainly in North America and Europe. In the perspective of market growth, timber frame homes tend to reduce the GHG emissions.
- How Do Forest Policies of Particular Regions Hinder Timber Frames Market Growth
Deforestation policies of respective regions restrict the overall timber frame production. Policy inclination and associated reforms act as a major gamble for potential investors in the timber frames market.
Enquiry before Buying
- Is the timber frames market research conducted by Fact.MR?
Yes, the timber frames market report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
- Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
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Key Segments Covered of Timber Frames Market
- Common Truss
- King Post Truss
- Hammerbeam Truss
- Scissor Truss
- Personal Space
- Commercial Space
- North America
- Asia Pacific
- Rest of the World
Timber Frames Market- Scope of Report
A recent study by Fact.MR on the timber frames market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of timber frames. The study also provides the dynamics that are responsible for influencing the future status of the timber frames market over the forecast period.
A detailed assessment of timber frames value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the timber frames market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in timber frames market across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of timber frames during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fact.MR has studied the timber frames market with detailed segmentation on the basis of truss, timber, application, and key regions.
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Analysis on Market Size Evaluation
The timber frames market has been analyzed for each market segment in terms of volume (Units) and value (US$ Mn).
Market estimates at global and regional levels for timber frames are available in terms of “US$ Mn” for value and in “Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global timber frames market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the timber frames market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of timber frames market during the forecast period.
Country-specific valuation on demand for timber frames has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of timber frames, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of timber frames has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the market. Prominent companies operating in the global timber frames market include Randek, Taylor Lane Timber Frame Limited, Walker Timber Engineering, Persimmon Plc, WIGO GROUP, Low Field Timber Frames, Canadian Timber Frames, Tamlin Timber Frames,Bensonwood,Texas Timber Frames, Purcell Timber Frames Homes, and British Colombia Timber Frames Co.
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