Press release
Structural Wood Screws Market 2023 : Global Industry Trends, Share, Size, Growth, Opportunity And Forecast To 2032
Structural Wood Screws Market
The Business Research Company's Structural Wood Screws Global Market Report 2023 identifies growth of the construction and furniture industries as the major driver for the Structural Wood Screws market's growth in the forecast period. The construction and furniture industries encompass various activities related to creating, designing, manufacturing, and installing structures, buildings, furniture, and fixtures.
The global structural wood screws market is expected to grow from $4.34 billion in 2022 to $4.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.98%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The structural wood screws market is expected to reach $5.61 billion in 2027 at a CAGR of 5.35%.
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Major competitors in the Structural Wood Screws market are Lowes Companies Inc., SFS Group AG, Simpson Strong Tie Co. Inc., Hillman Group Inc., Fischer International, EJOT, FORCH GmbH & Co.KG.
A key trend in the Structural Wood Screws market includes technological advancements. Major companies operating in the structural wood screws market are focused on advancements in technology to sustain their position in the market. For instance, in January 2023, FastenMaster Inc., a US-based structural wood screws manufacturing company, launched the VersaLOK structural wood screw, a heavy-duty structural wood screw that can be used in a variety of interior and exterior wood-to-wood applications. The extremely versatile VersaLOK combines the speed and ease of installation of a LOK with the strength of a ½-inch lag bolt. The new fastener has a TORX tap drive system for stable, wobble-free installation and a flat head for flush installation.
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The Structural Wood Screws market is segmented -
• By Type: Carbon Steel, Stainless Steel
• By Distribution Channels: Online Marketplaces, Hardware Stores, Other Distribution Channels
• By Application: Construction, Furniture And Crafts, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Structural Wood Screws market.
The Business Research Company's "Global Structural Wood Screws Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Structural Wood Screws Market Include:
1. Executive Summary
2. Structural Wood Screws Market Characteristics
3. Structural Wood Screws Market Trends And Strategies
4. Structural Wood Screws Market - Macro Economic Scenario
5. Global Structural Wood Screws Market Drivers and Restraints
…………………………………….
32. Global Structural Wood Screws Market Competitive Benchmarking
33. Global Structural Wood Screws Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Structural Wood Screws Market
35. Structural Wood Screws Market Future Outlook and Potential Analysis
36. Appendix
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