Europe Construction Connectors Market Size, Share, Trends Analysis Report By Connector Type, By Product (Truss Connectors And Others), By Application, By Installation Type, By Country, And Segment Forecasts, 2024 - 2030

Europe Construction Connectors Market Size, Share, Trends Analysis Report By Connector Type, By Product (Truss Connectors And Others), By Application, By Installation Type, By Country, And Segment Forecasts, 2024 - 2030

Europe Construction Connectors Market Growth & Trends

The Europe construction connectors market size is anticipated to reach USD 621.2 million by 2030, and is expected to expand at a CAGR of 11.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The overall health of the construction industry majorly influences the construction connector market. With increased urbanization and population, construction is expected to grow over the forecast period, driving the demand for construction connectors.

The accelerated shift towards using sustainable and eco-friendly products is driving the use of wood in the construction industry. Countries such as France, Germany, and others promote using wood for construction purposes to reduce carbon emissions and carbon footprint. These factors are anticipated to boost the demand for wood connectors within the construction connectors industry.

The manufacturers mainly focus on innovation and new designs to keep up with the emerging connector market trends and provide customers with more convenient and feasible solutions. Professionals use their expertise and skills to identify the difficulties in the market and accordingly conduct research and develop the product. Moreover, the announcements pertaining to the redevelopment of old projects and the launch of new projects in countries such as Germany, Sweden, France, the UK, and others are anticipated to provide significant growth opportunities for the market in upcoming years. For instance, France is set to invest 100 billion euros to improve and expand its rail network and reduce carbon emissions.

Europe Construction Connectors Market Report Highlights

• Based on connector type, the wood construction connectors segment accounted for the largest revenue share of 81.5% in 2023 and is expected to retain its position over the forecast period. It is attributed to the increasing use of wood in various regional construction projects
• Based on the product segment, the other products include deck and fence connectors, holdowns and tension ties, and rigid tie. The segment dominated the market in 2023 and is expected to grow at a significant CAGR over the forecast period. It is attributed to the increasing number of customers seeking alternatives to traditional methods like nails and screws for building terraces
• In terms of application, the residential segment accounted for the largest revenue share in 2023. The residential construction is anticipated to rise due to housing shortages in the European countries
• In terms of installation type, the professional installation segment accounted for the largest revenue share in 2023. Increasing focus on building sustainable constructions is the key factor driving the demand for construction connectors in professional installations
• In December 2023, Simpson Strong-Tie Company, Inc. announced the acquisition of PMJ-tec. The acquisition provides the company with bi-metal fasteners, one of the superior quality innovations of PMJ-tec

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