Global Wood Construction Screw Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wood Construction Screw Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Wood Construction Screw market finds that the global Wood Construction Screw market reached a value of USD 1050.61 million in 2022. It’s expected that the market will achieve USD 1315.62 million by 2028, exhibiting a CAGR of 3.82% during the forecast period.

The COCID-19 pandemic breaks the upstream and downstream links of the industrial chain.

The production of wood construction screws depends on a stable supply of raw materials. Under the current circumstances, various industries have been affected by COVID-19 to varying degrees. Some industries are still in a state of shutdown and cannot operate normally. The impact on the supply of raw materials is mainly reflected in the following aspects. First, some manufacturers are in a state of suspension of production due to the epidemic prevention and control measures, which has caused a shortage of raw material supplies; second, the global logistics and transportation industry is in a downturn, and the number of international shipping Compared with previous years, it has fallen sharply. This will affect the material transportation in the wood construction screw industry.

If COVID-19's damage to the economy continues to deepen, this will cause a large number of small and medium enterprises in the industry to go bankrupt.

The wood construction screw industry is a relatively low concentration industry, so there are a large number of small and medium enterprises operating in the industry. If the economic impact caused by COVID-19 persists for a long time, SMEs will face the challenge of the financial crisis to varying degrees. Therefore, enterprises in the industry should pay more attention to cost management during this period and reduce unnecessary expenses.

Intrinsic Benefits and Extensive Applications of the product

The application scope of wood construction screws is very wide. Wood Construction Screws are suited for applications that involve plywood, lumber, and other wood materials, or be used to attach door hinges, locks, and other non-wood objects. It is an ideal product for wood-based panels and plastic parts and has been widely used in sheet metal, furniture products, house decoration, wall panels, decks, engineering construction, water conservancy projects, etc. All wood screws have destructive thread to hold the wood. It has a sharp edge, good product hardness, and is easy to screw in. A screw-free part makes it difficult to withdraw after screwing in. this property of wood screws to increase the durability of joined parts is expected to augment the market. In addition, some wood screws have coating in order to prevent corrosion. And if the fastener is supposed to remain exposed after assembly, wood screws are provided with decorative heads and finishes. All this makes them an ideal choice among consumers.

Prices Fluctuate of Raw Material

The required raw materials for the production of wood screws are various sizes of steel and aluminum wires. Stainless steels are often used to against severe corrosion or high-strength conditions. However, the price of stainless steel is easily to be affected by various factors. The trade war is one of the major factors affecting steel prices, the United States has imposed tariffs on imported steel and aluminum, which will make domestic steel prices to rise. Besides, the coronavirus outbreak has severely affected the global stainless steels sector. During the delay period and the period after the resumption of work, affected by the epidemic, the price of stainless steel may show a pattern of weak supply and demand. On the one hand, terminal demand will not be reduced due to the epidemic, but will only be delayed. The delay in starting operations by manufacturers will actually lead to a decline in overall output. After the epidemic eases, terminal operations will resume, and demand may rebound significantly. The price of stainless steel fluctuates greatly. The raw materials occupy a large proportion in the production process of wood screws, which causes uncertainty in the production of wood screws.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (31.63% in 2021).

Company Overview:

Wurth Group is one of the major players operating in the Wood Construction Screw market, holding a share of 8.5% in 2022.

Wurth Group

Wurth Group retails industrial parts and products. The Company offers automotive, cargo, body shop, motorcycle, electrical, fluid power, tools, vending, and related products. Wurth Group of North America serves customers in the United States.

SFS Group

SFS is a worldwide leading supplier of mechanical fastening systems and precision components. SFS Group AG comprises the three segments Engineered Components, Fastening Systems and Distribution & Logistics, which represent the respective business models.
In the Engineered Components segment, SFS acts as a development and manufacturing partner for customer-specific precision-moulded parts, fastening solutions and assemblies.

Segmentation Overview:

As for product types, the Carbon Steel Wood Screw segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Construction , with a market share of 79.37% in 2021.

Key Companies in the global Wood Construction Screw market covered in Chapter 3:

SENCO
FastCap
Wuxi Zhuocheng Mechanical
Kinfast Hardware
SFS Group
Grip-Rite
Kreg
Phillips Screw Company
Wurth Group
GRK Fasteners
Hisener Industrial
Guangzhou ZhongBiao Screw
Friulsider SPA
Forch
Chuanghe Fastener
Eurotec
SPAX
Simpson Strong-Tie
TR Fastenings
HECO-Schrauben
Rothoblaas
Dresselhaus
Sihga
Fischer

In Chapter 4 and Chapter 14.2, on the basis of types, the Wood Construction Screw market from 2018 to 2029 is primarily split into:

Carbon Steel Wood Screw
Stainless Steel Wood Screw
Brass Wood Screw

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wood Construction Screw market from 2018 to 2029 covers:

Construction
Furniture & Crafts

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)