Timber Frames Market

Timber Frames Market Outlook (2022-2032)

The global timber frames market is set to enjoy a valuation of US$ 487.3 Million in 2022 and further expand at a CAGR of 7.1% to reach US$ 973.3 Million by the end of 2032.

There has been a drastic shift in the consumer demand for wooden-made houses in countries having the geographical advantage of the availability of timber. Also, diversified end-use of timber has created an explicit demand for natural timber.

Report Attributes	Details
Timber Frames Market Size (2021A)	US$ 456.0 Million
Estimated Market Value (2022E)	US$ 487.3 Million
Forecasted Market Value (2032F)	US$ 973.3 Million
Global Market Growth Rate (2022-2032)	7.1% CAGR
North America Market Share (2021)	~62.5%
Asia Pacific Market Growth Rate (2022-2032)	~4.9% CAGR
United States Market Growth Rate (2022-2032)	~7.6% CAGR
UK Market Growth Rate (2022-2032)	~7.7% CAGR
Key Companies Profiled	Bensonwood British Colombia Timber Frames Co. Canadian Timber Frames Daizen Joinery International Timberframes Okanagan Log & Timber Frames OT Timber Frames Purcell Timber Frames Homes Streamline TimberFrame Tamlin Timber Frames Timber Home Living Whiskey Creek Timber Framing Zirnhelt Timber Frames

Comprehensive Analysis of Market, based on Historic and Future Performance

With their high sustainability, excellent insulation, ease of use, durability, and minimal maintenance requirements, timber frames are often employed in the construction of wooden dwellings. It is also one of the few construction materials that are non-toxic and do not release chemical vapor into the building. Furthermore, given their low energy requirements during production, timber frames are viable alternatives for other building materials. The specially crafted timber structure is surprisingly durable and capable of supporting huge weights.

The integrated frame design is anticipated to cut the schedule times by nearly 50% and the overall cost of the labor which is incurred with the conventional building methods. Apart from the cost of construction and attractive design, consumer inclination towards selected turnkey designs bolsters the overall timber frames Market.

• Short-Term Growth Factors: Augmenting utilization of timber frames for construction of homes and consumer density leaning towards sustainable and aesthetic housing to positively impact timber frames market growth.
• Medium-Term Growth Factors: Europe and North America are anticipated to witness high timber frames demand on the back of consumer demand for wooden-made houses, the presence of raw materials, and growing popularity of DIY projects.
• Long-Term Growth Factors: Diversifying the application of timber frames in constructions of non-residential structures and demand for green buildings will drive timber frames to demand in the long run.

Over the 2017-2021 historical period, the global timber frames market registered a CAGR of 6.4%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 7.1% CAGR between 2022 and 2032.

Market share analysis of timber frames based on application and region is provided in a nutshell in the above image. Under the truss type segment, the common truss sub-segment dominates with a 48.6% market share in 2022.

“Growing Demand as a Construction Material to Boost Timber Frames Sale”

For thousands of years, wood has been efficiently used for construction activities. Despite the complex chemical properties of wood, humans have been able to track down the utilization of wood as a construction material.

Wood is a natural resource, which is one of the biggest benefits of using wood, making it readily available and economically feasible. Timber is exclusively machinable and can be fabricated into complex shapes and sizes enabling feasibility in construction requirements.

The attributes of timber include biodegradable and renewable while possessing the lowest carbon footprint as compared to any building material. Moreover, the conversion of wood into timber for construction purposes doesn’t require high-energy fossil fuels.

The rising use of timber frames for constructing houses has caught the eye of every developer. The 25 stories world’s tallest mass timber structure, which is over 284 feet in height has been opened in 2022 in Wisconsin, US. Moreover, there is also an 18-story wooden tower in Norway.

The inclusion of timber for mainstream commercial construction projects is expected to provide promising growth to the timber frame market.

“Prefabrication and Modular Technologies Grabbing Attention of Professional Clients”

Dynamics of the people around the globe are changing and have created space for ready-to-use products. Off-site, modular, and prefabricated construction is gaining popularity in the timber frame market.

People have developed the sense of getting everything quickly and yet at a lower price. The prefabrication and modular technologies showcase the ability to save time and money as people have limited leisure time to spend on housing construction.

Moreover, it is also providing manufacturers with flexibility in operations, which is increasing their effectiveness. The industry has also observed that timber offers numerous advantages when it comes to dimensional accuracy and assembly of timber frames through off-site timber frames.

Although, wood’s availability and versatility set a barrier for material selection for prefabricated and modular buildings. Modular construction can benefit by cutting schedules by nearly 20-35% while the cost can be down by nearly 20%.

These added advantages are expecting more customers to opt for modular and pre-fabricated and craft a promising market for timber frames.

“Declining Natural Forests May Hamper Market Growth”

Rising urbanization and exponential growth in the human population are continuously elevating the pressure on natural resources. Global emission of carbon dioxide has increased by 50% since 1990 signaling danger to the sustainability of the planet.

• The construction industry produces nearly 15% of the global emission. As per the data provided by the Centre for International Forestry Research (CIFOR), each year approximately 2.5 million acres of land are converted into the fast-wood forest while about 24.7 million acres of fast-wood forest exist.

The level of forest clearing out is quicker rather than preserving or growing, which hinders the future availability of timber. Worldwide demand for timber and related products has created a multi-billion-dollar business of unsustainable and illegal logging. This accounts for about 8-10% of globally produced and traded in forest products, which can also potentially disrupt the supply of timber frames.

Considering the current forest regulations and practices, the natural forest can’t sustainably fulfill the mounting demand for timber products. Thereby restraining market growth and limiting the capacity expansion for timber frames experiencing bottlenecks.

Country-wise Insights

What is Driving High Demand for Timber Frames in US?

The US is set to hold higher market potential over long-term forecast period owing to consumer preference towards inexpensive homes and lower construction schedules. Repair, renovation, and residential construction represent around a third of timber consumption in the region.

The increased demand for DIY products in the country is further bolstering demand. Of the DIY applications, timber frame also captures a significant place as consumers are trying to reduce the overall building cost and are inclined towards recreational platforms for constructing their own living space.

The personal space application segment has been the key area for growth showcasing a complete dominance over the commercial space as the consumer spending on housing is more in the United States.

The United States timber frame market is currently estimated at US$ 304.8 million in 2022 and is expected to reach US$ 352.9 million by 2032.

Why is the UK Timber Frames Market Expected to Be Highly Lucrative?

U.K. has been the prominent country in the European region in terms of market share of timber frames, higher consumption due to the increasing construction of wooden houses has driven U.K to lead the European Timber Frames Market.

The availability of raw materials and substantial demand along with players operating in the region has fragmented the Timber Frames Market. Availability of the timber wood in proximity plays a major role in governing the supply and demand of timber frames. Timber frame homes are constructed in United Kingdom which mostly draws back to their cultural heritage of living in timber-based homes.

UK holds a commanding position at the country-level accounting for roughly 44.0% of Europe’s timber frame production in 2021. The UK market for timber frames is expected to reach a valuation of US$ 60.4 million in 2022.

Category-wise Insights

Why is Common Truss Most Widely Preferred?

Common truss type is the most used truss type among wooden house construction industries across the region. This segment captures around half of the Global market share.

Common truss has gained prominence due to their low production cost and availability.

The use of common trusses is predicted to reach a valuation of US$ 236.7 Mn by the end of 2022.

Will Market Growth Be Led by Adoption in Commercial Spaces?

Changing dynamics of timber frames have grabbed the attention of hotels, cottages, and resorts. Along with them, promising sites to have a magnetic pull of timber frames are retail spaces, wedding & event venues, community centers, wineries & breweries, and schools & universities.

Recent advancements in the capabilities of wood, primarily focusing on engineered timbered and structural frames have provided a strong foundation for using timber frames for non-residential purposes.

Organizations managing hotels, and resorts are channelizing their resources specific towards the ambiance and decorum, which are directing them towards the use of timber frames while designing their place.

The use of timber frames in commercial space is estimated to be valued at US$ 73.4 Mn by the end of 2022.

Competitive Landscape

Prominent timber frame manufacturers are Bensonwood, British Colombia Timber Frames Co., Canadian Timber Frames, Daizen Joinery, International Timberframes, Okanagan Log & Timber Frames, OT Timber Frames, Purcell Timber Frames Homes, Streamline TimberFrame, Tamlin Timber Frames, Timber Home Living, Whiskey Creek Timber Framing, and Zirnhelt Timber Frames.

Manufacturers are focusing on providing clients with a timber frame that can be assembled on-site easily and efficiently without specialized equipment or modification. They are also concentrating on the development of innovative systems, processes, logistics, and technology that focus on making reliable and robust timber frames. Timber frame manufacturers are positioning themselves to create a synergy with architects, and builders to expand their reach in the construction industry.

Fact.MR has provided detailed information about the price points of key manufacturers of timber frames positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Timber Frames Industry Research

• By Truss :

  • Common Truss
  • King Post Truss
  • Hammer beam Truss
  • Scissor Truss
  • Others

• By Timber :

  • Pine
  • Spruce
  • Oak
  • Fir
  • Larch
  • Others

• By Application :

  • Personal Spaces
  • Commercial Spaces

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA