Timber construction market seen reaching $47.2B by 2030

The Business Research Company says the global timber construction market will grow from $31.62 billion in 2026 to $47.2 billion by 2030, driven by demand for low-carbon building materials and faster adoption of mass timber. Europe led the market in 2025, while Asia-Pacific is forecast to grow fastest.

Why it matters: - Timber construction is moving from a niche building method to a mainstream option as developers look for lower-carbon materials and faster project delivery. - The shift could reshape demand across residential, commercial and mid-rise projects as engineered wood and mass timber gain broader use.

What happened: - The Business Research Company published its Timber Construction Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The report says the timber construction market will rise from $28.67 billion in 2025 to $31.62 billion in 2026, a CAGR of 10.3%. - The market is projected to reach $47.2 billion by 2030, with a CAGR of 10.5%. - The report frames the market around timber and engineered wood used as the main structural framework for buildings.

The details: - Traditional timber framing in residential buildings, abundant forest resources, engineered wood progress, urbanization and wider acceptance in building codes helped drive earlier growth. - Demand for low-carbon construction materials is a key growth driver in the forecast period. - Modular and prefabricated timber structures are gaining adoption. - Mid-rise and high-rise timber building projects are increasing. - Mass timber design technology is advancing. - Government policies promoting sustainable building are supporting demand. - The report highlights broader use of mass timber and engineered wood in mid-rise buildings, more cross-laminated timber in commercial structures, more prefabricated timber elements, more hybrid timber-steel frameworks and development of bio-based adhesives. - Timber construction is described as attractive because it can reduce construction timelines, support design flexibility and lower the carbon footprint versus steel or concrete. - In July 2024, the US Green Building Council reported more than 46,000 residential projects achieved LEED certification, nearly 5% more new registrations than a year earlier. - The report’s regional coverage includes Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Between the lines: - The forecast reflects a broader building-industry pivot toward sustainability, not just a materials shift. - Europe remains the most mature market because of established wood-building traditions and regulations. - Asia-Pacific is positioned for the fastest growth, likely because of urbanization and expanding construction activity. - The report also signals that timber construction is becoming more industrialized through prefabrication, hybrid systems and engineered products.

What's next: - The Business Research Company says its 2026 report includes market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards, market hotspot infographics and updated graphics. - Builders and investors are likely to keep watching policy support, building-code changes and new mass timber applications as growth catalysts. - The company also directs readers to a free sample report and the full market report.