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Structural Wood Screws Market Size - By Type (Carbon Steel, Stainless Steel), By Application (Construction, Furniture And Crafts, Others) & Global Forecast, 2023-2032

  • Report ID: GMI5622
  • Published Date: May 2023
  • Report Format: PDF

Structural Wood Screws Market Size

Structural Wood Screws Market size was valued at USD 4.4 billion in 2022 and is poised to exhibit over 6% CAGR between 2023 and 2032, driven by the growing construction industry. The market growth is due to the fact that they are seen to be the best alternatives to a variety of conventional screws, including lag and wood screws. When compared to conventional screws, the product is a heavy-duty fastener that ensures stronger and more secure bonds. It is much quicker to install these screws if there is no need to drill a pilot hole first. The product is utilised in a variety of applications, including cabinet construction, deck construction, log framing, and timber construction.
 

Structural Wood Screws Market

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For framing, log, and timber construction, flat-head structural wood screws are strongly recommended. This product is a high-strength substitute for through-bolting that is simple to install. Customers have a wide range of alternatives because structural wood screws are offered in a number of sizes, diameters, and qualities. The item is also known as a wood construction screw and is a great substitute for conventional lag screws.
 

The development of products with great strength and durability is the consequence of technical advancements and improvements in the manufacturing processes. In an effort to raise the calibre of the product, manufacturers are implementing a variety of production techniques, such as cold forming. Furthermore, a large number of domestic and foreign players concentrate on dominating the market by charging competitive prices for their goods. In order to retain their existence, they also emphasise the deployment of successful price methods.

 

Structural Wood Screws Market Analysis

Global Structural Wood Screws Market Size, 2022 & 2032, (USD Billion)

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The expansion of structural wood screws in construction is being led by the thriving commercial, residential, and retail sectors globally. Additionally, it is expected that booming government investments in each nation's construction industries will fuel global construction activity. Over the forecast period, rising investments in commercial constructions like hotels, hospitals, and educational institutions are also anticipated to positively affect structural wood screws market growth. Structural screws are being used in new residential and commercial construction projects because they offer durable solutions for wood framing.
 

Rapid urbanisation, rising consumer disposable income, and shifting consumer lifestyles are likely to have a favourable impact on the demand for structural wood screws through influencing the need for furniture. In the creation of wooden crafts and furniture, structural screws are employed. The need for the material used to make furniture is poised to increase along with the rising demand for home and office computer cabinets around the world. Furthermore, it is anticipated that rising demand for flat-pack, multipurpose, and space-saving furniture will increase demand for structural wood screws.
 

Global Structural Wood Screw Market Revenue Share, By End-Use, (2022)

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Stainless steel is frequently used to create structural wood screws due to its many advantages, including lifespan, corrosion resistance, and high strength. Furthermore, structural wood screws are made of stainless steel because of its superior tensile strength and load-bearing ability. Additionally, there will probably be a rise in demand for steel structural wood screws because stainless steel products are less expensive than carbon steel ones.

 

Asia-Pacific Structural Wood Composite Market, 2021-2032, (USD Billion)

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Asia Pacific held the greatest structural wood screws market share in 2022. There are many reasons for Asia-Pacific's larger market share, including rising disposable income, rapid urbanisation, and stepping up construction work. Additionally, it is anticipated that Asia-Pacific's high economic growth potential will increase demand for construction, including wood-based construction. In order to meet the governments' sustainability objectives, builders are also using wood in their work. For instance, the Chinese government promotes the use of wood in public buildings such as schools, hospitals, tourist attractions, and rooftop expansions and curtain walls.

 

Structural Wood Screws Market Share

Some of the leading companies involved in the structural wood screws market include

  • Camo Fasteners
  • FastenMaster
  • ROTHO BLAAS SRL
  • Simpson Strong-Tie Company, Inc.
  • SFS Group
  • GRK Fasteners
  • SPAX International GmbH & Co. KG
  • Eurotec GmbH
  • KYOCERA SENCO
  • TR Fastenings
     

Structural Wood Screw Industry News

  • Simpson announced the release of a corrosion resistant product, in January 2023. The product, according to the company, is the first of its type because it is sourced specialy built material which last long as claimed.
     

The structural wood screws market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Type (1018 – 2032)

  • Carbon Steel,
  • Stainless Steel

Market, By Application (1018 – 2032)

  • Construction,
  • Furniture And Crafts,
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of structural wood screws was exceeded USD 4.4 billion in 2022 and will record 6% CAGR between 2023 to 2032, owing to the growing construction sector.
The furniture application segment will witness remarkable growth through 2032, on account of rapid urbanization, and shifting consumer lifestyles.
Asia-Pacific held the largest share in the market in 2022, due to rising disposable income and increasing construction work.
ROTHO BLAAS SRL, Camo Fasteners, FastenMaster, Eurotec GmbH, Simpson Strong-Tie Company, Inc., GRK Fasteners, SFS Group, KYOCERA SENCO, and TR Fastenings are some of the key companies in the market.

Structural Wood Screws Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 174
  • Countries covered: 20
  • Pages: 350
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