Press release
Robust Growth Anticipated in Structural Wood Screws Market: Comprehensive Analysis including Market Size, Key Players, and Trends
Structural Wood Screws Market Share
What Is The Projected Market Size Of The Global Structural Wood Screws Market And Its Growth Rate?
The global Structural Wood Screws Market has been witnessing steady growth:
• Market size was poised at $4.76 billion in 2024, and it will grow to $5 billion in 2025 with an impressive CAGR of 5.0%.
• Market growth can be linked to factors like increased construction activities, rising investments in the global construction industry, and growth of the furniture industry.
• Looking at future forecasts, the market size is projected to reach $6.45 billion in 2029 growing at a CAGR of 6.6%. This growth can be attributed to factors like booming government investments, rise in commercial constructions, and increased adoption of structural wood screws in new residential projects.
What Is Driving The Growth In The Structural Wood Screws Market?
The surge in the construction and furniture industries is propelling the growth of the Structural Wood Screws Market, as these industries require structural wood screws for establishing secure and durable connections in wooden structures and furniture. An example illustrating this growth is the fact that the U.S. Census Bureau reported an expected annual rate of construction spending in May 2023 to be $1,925.6 billion, which was 2.4% higher than the $1,880.9 billion reported in May 2022.
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Who Are the Key Players Driving Structural Wood Screws Market Growth?
• Lowes Companies Inc.
• SFS Group AG
• Simpson Strong Tie Co. Inc.
• Hillman Group Inc.
• Fischer International
• EJOT
• FORCH GmbH & Co.KG.
• primesource building products Inc.
• KYOCERA SENCO Industrial Tools Inc.
• Mitek Systems Inc.
• Dresselhaus
• Rothoblaas SRL
• Fastenmaster Inc.
• Kreg Tool Company
• SPAX International GmbH & Co. KG
• FastCap LLC
• Fast-Rite International Inc.
• Euro Tech Holdings
• GRK Fasteners
• Schmid Schrauben Hainfeld GmbH
• Ford Fasteners Inc.
• CAMO Fasteners
• K.L. Jack & Co.
• Friulsider S.p.A.
• TR Fastenings Limited.
What Are The Key Trends In The Structural Wood Screws Market?
• Innovations in screw technology
• Product customization
• Heavy-duty wood screws launch
• Innovative designs
• Partnerships and collaborations
What Are The Segments Of The Global Structural Wood Screws Market?
The global Structural Wood Screws Market is segmented by:
• Type: Carbon Steel, Stainless Steel
• Distribution Channels: Online marketplaces, Hardware Stores, Other Distribution Channels
• Application: Construction, Furniture And Crafts, Other Applications
Which Region Leads The Structural Wood Screws Market?
Asia-Pacific was the largest market in 2024 for structural wood screws. It is expected to be the fastest-growing region in the forecast period. Other regions covered in the structural wood screws market report are Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The report covers the following aspects:
- Market Size Analysis: Analyze the Structural Wood Screws Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Structural Wood Screws Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Structural Wood Screws Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Structural Wood Screws Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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