Market Overview:
The global square trusses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for square trusses in building construction and bridge applications. Square trusses are also used in offshore oil & gas engineering, wind power tower, nuclear power plant, and other applications. In terms of type, the parallel thread coupler segment is expected to lead the global square trusses market during the forecast period from 2018 to 2030. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030.
Product Definition:
A square truss is a type of truss that is in the shape of a square. Square trusses are often used in buildings, bridges, and other structures to provide support. Square trusses are important because they can distribute weight evenly and are strong enough to hold up large loads.
Tapered Thread Coupler:
Tapered thread coupler is a special type of coupling, which has an internal thread and female external threads. The male end of the coupler is used in connection with female threads on the structure to be joined. It reduces the gap between male and female connections making it suitable for applications where space constraints are tight or where high strength connections are required.
The global tapered thread coupler market size was valued at USD 830 million in 2016.
Parallel Thread Coupler:
Parallel thread coupler is a device used to connect two or more threads of screws, bolts or rivets in a structure. It consists of female threads that are parallel to each other and are usually mounted on the surface. The male end of the coupler is inserted into these female threads and it allows connection between two components with different dimensions.
It can be used in various applications such as bridges, buildings, ships, etc.
Application Insights:
Building construction was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The increasing number of residential and commercial buildings across various regions is anticipated to boost demand for steel square trusses from building construction applications.
The offshore oil & gas engineering segment accounted for a share of 5% in terms of revenue in 2016, attributed to growing use of trusses as part-time or temporary structures while drilling operations are carried out on the seabed. Growing exploration activities coupled with rising need for platform support structures is expected to drive demand over the next eight years.
The wind power tower segment accounted for a share of 9% in terms of volume, owing to high strength requirements from wind turbines that are used at high altitudes where there is less wind energy generation potential due to lower air density.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing infrastructure spending in countries such as China and India. For instance, according to a white paper on infrastructure published by World Economic Forum, global investment in construction reached USD X billion (EUR 520 billion) between 2010 and 2014. In India, infrastructural spending increased from 1% of GDP in 2009 to 2% of GDP by 2013 at a macroeconomic level.
Europe square trusses market was valued at USD X million in 2017 owing with high demand from wind power projects coupled with nuclear plant construction activities across European countries such as Germany, U K.
Growth Factors:
- Increasing demand from the construction sector for lightweight and durable square trusses as an alternative to traditional construction materials such as steel and concrete.
- Rising popularity of modular architecture, which is driving demand for square trusses in the prefabricated building market.
- Growing use of square trusses in event staging and exhibition displays, due to their versatility and ability to create large, open spaces quickly and easily.
- Increasing demand from the renewable energy sector for large-scale solar panel arrays that can be assembled quickly using square trusses systems.
- Advances in manufacturing technology that have made production of high-quality square trusses more efficient and cost effective, leading to increased market share by smaller players
Scope Of The Report
Report Attributes
Report Details
Report Title
Square Trusses Market Research Report
By Type
Tapered Thread Coupler, Parallel Thread Coupler, Grout Coupler, MBT Coupler
By Application
Building Construction, Bridge, Offshore Oil & Gas Engineering, Wind Power Tower, Nuclear Power Plant, Others
By Companies
nVent, Dextra Group, Tokyo Tekko, Peikko Group, Terwa, CRH, Sida Jianmao, Glus, Henglian, BARUS, Iron Man
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Square Trusses Market Report Segments:
The global Square Trusses market is segmented on the basis of:
Types
Tapered Thread Coupler, Parallel Thread Coupler, Grout Coupler, MBT Coupler
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building Construction, Bridge, Offshore Oil & Gas Engineering, Wind Power Tower, Nuclear Power Plant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- nVent
- Dextra Group
- Tokyo Tekko
- Peikko Group
- Terwa
- CRH
- Sida Jianmao
- Glus
- Henglian
- BARUS
- Iron Man
Highlights of The Square Trusses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tapered Thread Coupler
- Parallel Thread Coupler
- Grout Coupler
- MBT Coupler
- By Application:
- Building Construction
- Bridge
- Offshore Oil & Gas Engineering
- Wind Power Tower
- Nuclear Power Plant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Square Trusses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Square trusses are a type of structural frame that is made up of four square panels. The panels are connected by diagonal braces, and the whole structure is held together by tension members. Square trusses are often used in buildings because they have a lot of strength and can be easily modified to fit different needs.
Some of the key players operating in the square trusses market are nVent, Dextra Group, Tokyo Tekko, Peikko Group, Terwa, CRH, Sida Jianmao, Glus, Henglian, BARUS, Iron Man.
The square trusses market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Square Trusses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Square Trusses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Square Trusses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Square Trusses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Square Trusses Market Size & Forecast, 2020-2028
4.5.1 Square Trusses Market Size and Y-o-Y Growth
4.5.2 Square Trusses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tapered Thread Coupler
5.2.2 Parallel Thread Coupler
5.2.3 Grout Coupler
5.2.4 MBT Coupler
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building Construction
6.2.2 Bridge
6.2.3 Offshore Oil & Gas Engineering
6.2.4 Wind Power Tower
6.2.5 Nuclear Power Plant
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Square Trusses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Square Trusses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tapered Thread Coupler
9.6.2 Parallel Thread Coupler
9.6.3 Grout Coupler
9.6.4 MBT Coupler
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building Construction
9.10.2 Bridge
9.10.3 Offshore Oil & Gas Engineering
9.10.4 Wind Power Tower
9.10.5 Nuclear Power Plant
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tapered Thread Coupler
10.6.2 Parallel Thread Coupler
10.6.3 Grout Coupler
10.6.4 MBT Coupler
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building Construction
10.10.2 Bridge
10.10.3 Offshore Oil & Gas Engineering
10.10.4 Wind Power Tower
10.10.5 Nuclear Power Plant
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tapered Thread Coupler
11.6.2 Parallel Thread Coupler
11.6.3 Grout Coupler
11.6.4 MBT Coupler
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building Construction
11.10.2 Bridge
11.10.3 Offshore Oil & Gas Engineering
11.10.4 Wind Power Tower
11.10.5 Nuclear Power Plant
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tapered Thread Coupler
12.6.2 Parallel Thread Coupler
12.6.3 Grout Coupler
12.6.4 MBT Coupler
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building Construction
12.10.2 Bridge
12.10.3 Offshore Oil & Gas Engineering
12.10.4 Wind Power Tower
12.10.5 Nuclear Power Plant
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tapered Thread Coupler
13.6.2 Parallel Thread Coupler
13.6.3 Grout Coupler
13.6.4 MBT Coupler
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building Construction
13.10.2 Bridge
13.10.3 Offshore Oil & Gas Engineering
13.10.4 Wind Power Tower
13.10.5 Nuclear Power Plant
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Square Trusses Market: Competitive Dashboard
14.2 Global Square Trusses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 nVent
14.3.2 Dextra Group
14.3.3 Tokyo Tekko
14.3.4 Peikko Group
14.3.5 Terwa
14.3.6 CRH
14.3.7 Sida Jianmao
14.3.8 Glus
14.3.9 Henglian
14.3.10 BARUS
14.3.11 Iron Man
