Global Structural Wood Screws Market Report and Forecast 2024-2032

Global Structural Wood Screws Market Report and Forecast 2024-2032

Global Structural Wood Screws Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the structural wood screws market size reached a value of USD 4.72 billion in 2023. Aided by the increasing demand for durable and efficient fastening solutions in construction and woodworking, the market is projected to further grow at a CAGR of 5.4% between 2024 and 2032 to reach a value of USD 7.61 billion by 2032.

Structural wood screws are essential components in construction and woodworking projects, providing reliable fastening for wood-to-wood and wood-to-metal connections. These screws are designed to offer superior holding power and durability, making them crucial for structural applications such as framing, decking, and truss assembly. The increasing focus on sustainable and energy-efficient building practices has further highlighted the importance of high-quality structural wood screws in modern construction.

The increasing demand for durable and efficient fastening solutions in the construction sector is driving the structural wood screws market growth. With the growing trend of urbanisation and the rise in residential and commercial construction projects, there has been a significant surge in the demand for high-performance fastening systems. Additionally, the rising trend of DIY home improvement projects and the increasing popularity of woodworking hobbies have further contributed to the market expansion.

In the construction sector, these screws are used for framing, decking, roofing, and other structural applications. The furniture and cabinetry industry utilizes structural wood screws for assembling and securing various components. Moreover, the demand for structural wood screws in the marine and automotive sectors for building and repairing wooden components further enhances the market demand.

Technological improvements in the design and manufacturing of structural wood screws have enhanced their performance characteristics, such as increased load-bearing capacity, resistance to corrosion, and ease of installation. These improvements make them more appealing for heavy-duty applications.

Further, the growing focus on sustainable and energy-efficient building practices has led to an increased demand for structural wood screws. With the rise of environmentally conscious consumers and the need to reduce the environmental impact of construction activities, manufacturers are increasingly focusing on developing eco-friendly fastening solutions. This trend is expected to boost the global structural wood screws market expansion in the coming years, consequently driving up the structural wood screws market share.

The increasing popularity of prefabricated and modular homes, which require precision and efficiency in construction, also supports the demand for structural wood screws. These homes rely heavily on pre-made components that need to be assembled securely and quickly on-site.

Manufacturers are constantly innovating and diversifying their product lines to include screws that are tailored for specific applications, materials, and environmental conditions. This includes coated screws for outdoor use, specialized screws for certain types of wood, and screws designed to resist environmental stresses such as moisture and temperature variations. The availability of structural wood screws through multiple channels, including online retailers, hardware stores, and home centres, enhances consumer access to the product, boosting structural wood screws market expansion.

Market Segmentation

The market can be divided based on type, end use, and region

Market Breakup by Type

• Stainless Steel
• Carbon Steel

Market Breakup by End Use

• Construction
• Furniture and Crafts
• Others

Market Breakup by Region

• North America
• Europe
• Latin America
• Middle East and Africa
• Asia Pacific

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global structural wood screws market. some of the major players explored in the report by expert market research are as follows:

• SFS Group AG
• Fischerwerke GmbH & Co. KG
• PrimeSource Building Products, Inc. (Grip-Rite)
• SPAX International GmbH & Co. KG
• Simpson Strong-Tie Company, Inc.
• Trifast plc (TR Fastenings)
• MiTek Industries Inc.
• National Nail Corp. (Camo Fasteners)
• Kyocera Senco EMEA B.V.
• ITW Buildex and Illinois Tool Works, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.