Structural Wood Screws Market Emerging Trends, Technology and Demand Growing at a CAGR of 4.9% to 2031

The structural wood screws market size was valued at $4.2 billion in 2021, and is estimated to reach $6.8 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

The structural wood screws market has witnessed a surge largely owing to increased utilization of wood in residential buildings along with some commercial buildings. Structural wood screws are widely used for attaching and joining two wooden construction elements or for attaching wood with other elements. Structural wood screws are long, durable, and have wider threads, leading to a strong joint between the two structural elements, and eliminating the risk of any slippage. Furthermore, these screws are also used in other applications such as in making furniture, craft, interior and exterior designing, shipping containers made of wood, and others.

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Top Players:
Simpson Manufacturing Co., Inc. (Simpson Strong-Tie Company, Inc.), Steel Partners Holdings L.P. (OMG, Inc.), Trifast plc (TR Fastening), National Nail Corp.(Camo Fasteners), EJOT Holding GmbH and Co. KG, ALTENLOH, BRINCK and CO US, Inc., Berkshire Hathaway Inc. (MiTek Industries Inc.), Fischer Group, Illinois Tool Works Inc. (GRK Fasteners), E.u.r.o.Tec GmbH

The market is mainly driven by the rise in demand for wood in construction, high demand for wooden furniture, and superiority of structural wood screws. However, factors such as fluctuating cost of raw materials required to make structural wood screws is anticipated to restrain the structural wood screws market growth. Contrarily, the rise in demand for sustainability in construction is expected to increase the adoption of wood; thereby, providing growth opportunities to the structural wood screws market.

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Commonly used materials for making structural wood screws are stainless steel and carbon steel. Out of these, the stainless steel segment accounted for a higher market share in terms of revenue owing to high strength of stainless steel and its corrosion resisting capability. Moreover, the carbon steel segment is anticipated to dominate the structural wood screws market forecast by growing with a higher CAGR, attributed to its relatively lower cost than the stainless steel structural wood screws. Furthermore, structural wood screws are used in various applications including construction, furniture and craft, and others.

By Type -
Carbon Steel
Stainless Steel

By Application -
Construction
Furniture and Crafts
Others

By Region -
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

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