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Structural Wood Screws Market To Reach USD 7.19 Billion By Year 2032

Structural Wood Screws Market Size Was Valued at USD 4.52 Billion in 2023 and is Projected to Reach USD 7.19 Billion by 2032, Growing at a CAGR of 5.3 % from 2024-2032.

11-07-2024
Vishal Panchmukh
Manufacturing and Construction
Pristine Intelligence LLP

According to a new report published by Pristine Intelligence Market Research, titled, “Structural Wood Screws Market by Type, Application, Distribution Channel, and Region Global Market Analysis and Forecast, 2024-2032. The Global Structural Wood Screws Market was valued at $ 4.52 Billion in 2023 and is expected to reach $ 7.19 Billion by the year 2032, at a CAGR of 5.3 %.

Structural wood screws are heavy-duty screws used in construction, made from high-strength steel. They have a unique thread design, increasing grip strength and minimizing slipping. Common materials include stainless steel and carbon steel. These screws can be drilled directly into wood, speeding up the process and offering aesthetics. Wood is a sustainable building material, biodegradable, and lightweight, making it suitable for small-scale construction. Properly treated wood can withstand fire and pests, making it a popular choice for construction.

According to the Structural Wood Screws, the Market is segmented into Type, Application, and Distribution Channel. By type, the market is categorized into Carbon Steel and Stainless Steel. By Application, the market is categorized into Construction, Furniture, and Crafts. By Distribution Channel, the market is categorized into In-Store and Online. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

The structural wood screw industry is expanding due to advancements in construction materials and methods. These screws are known for their durability and dependability in wooden buildings, making them popular in both residential and commercial projects. The increasing popularity of engineered wood materials like laminated veneer lumber and glued laminated timber has led to research and development to improve their designs and coatings. Structural wood screws are essential for joining prefabricated and modular parts, saving time and money in the construction process.

The increasing use of engineered wood materials like laminated veneer lumber (LVL) and glued laminated timber (Glulam) presents a significant market opportunity for the wood screws sector. Structural wood screws, specifically designed for these materials, are becoming popular due to their improved performance features and ease of installation. Technological advancements in design, materials, and coatings are driving market growth, enhancing the durability and efficiency of wood screws. Manufacturers investing in research and development can capitalize on the growing demand for high-quality wood screws in the engineered wood construction industry.

Global Structural Wood Screws Market, Segmentation

Structural Wood Screws Market is Segmented Based on Type, Application, Distribution Channel, and Region.

By Type:

The Stainless – Steel Structural Screws Segment Is Expected to Dominate the Market During the Forecast Period. The Structural Wood Screws Market is dominated by stainless-steel screws due to their durability and self-repairability. These screws are popular in construction, home decoration, DIY projects, and house renovation due to their anti-rusting and corrosion properties. They are also used in outdoor projects like building decks and marine structures. Despite being more expensive than carbon steel, stainless steel's durability and low maintenance requirements make it cost-effective for specific projects. Additionally, their visual appeal enhances the appeal of their products, increasing their use in furniture and home décor.

By Application:

The construction sector dominates the Structural Wood Screws Market, driven by thriving commercial, residential, and retail sectors globally. Government investments and growing urbanization are driving growth in this sector, which uses wooden components for framing, roofing, and decking. The demand for structural screws is driven by global urbanization, sustainable building practices, and rising investments in commercial developments like hotels, hospitals, and educational institutions. The product, made from stainless steel, is resistant to corrosion and can preserve its original condition for extended periods. Despite higher costs, the increasing disposable incomes and higher living standards of consumers contribute to the product's growing demand.

Region:

North America is expected to dominate the market for structural wood screws due to strong demand from residential, commercial, and infrastructure projects. The growth is fueled by the residential construction industry, driven by a rising population and housing demand. Structural wood screws are crucial for building new homes and housing complexes and are also popular in home renovation and remodeling projects. North America's strong presence in the market is supported by active construction industries in the US and Canada, a strong tradition of DIY and home improvement, large manufacturers' participation, and eco-friendly construction materials. Additionally, safety and durability regulations in construction methods further drive the need for top-notch structural wood screws, solidifying their continued significance in the North American construction industry.

Some of The Leading/Active Market Players Are-

  • Big Timber Construction Fasteners (U.S.)
  • CAMO Fasteners (U.S.)
  • Fast Cap (U.S.)
  • FastenMaster (U.S.)
  • Simpson Strong-Tie (U.S.)
  • GRK Fasteners (U.S.)
  • The Hillman Group, Inc. (U.S.)
  • Kreg (U.S.)
  • KYOCERA SENCO (U.S.)
  • SENCO (U.S.) and Other Active Players

Key Industry Developments

  • In March 2024, LINC Systems announced its partnership with Big Timber Construction Fasteners, introducing professional-grade structural fasteners. Mountain-tested and ideal for sheds, trusses, pallets, crates, wall panels, and cabinets, these fasteners suit the manufactured, prefabricated, and modular home industries. Known for rugged construction and mid-tier pricing, they are perfect for large timbers, railway trestles, log cabins, and marine dock and deck installations. Carpenters appreciated their ease of use without pre-drilling, and end users valued their corrosion resistance and durability. Big Timber fasteners are ISO 9002 certified and excel in salt spray tests.
  • In June 2023, FastenMaster, a renowned company that manufactures structural wood screws announced the successful completion of 25 years in the industry & celebrated 25 years in the industry. It was established in 1998 and since then, has been serving professional building contractors. It has wide differentiated screw products such as the Cortex Hidden Fastening System, used for hidden systems utilizing plugs and screws; ThruLOK, a self-tightening nut that makes connections in a fraction of time and many more.

Key Findings of the Study:

  • Stainless-steel structural screws dominate the market due to their superior durability, corrosion resistance, and aesthetic appeal. They are particularly popular in outdoor applications like decking and marine structures.
  • The construction sector is the largest consumer of structural wood screws, driven by urbanization, sustainable building practices, and government investments in infrastructure and residential projects.
  • North America leads the market, supported by robust residential and commercial construction activities. The region benefits from a strong DIY culture and stringent safety regulations in construction.
Pristine Intelligence LLP

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