Structural Wood Screws Market Size Worth $6.2 Billion By 2030

May 2024 | Report Format: Electronic (PDF)

Structural Wood Screws Market Growth & Trends

The global structural wood screws market size is expected to reach USD 6.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2023 to 2030. This growth can be attributed to the developing furniture industry owing to ongoing urbanization, growing population, and increasing consumer disposable income. Additionally, the product is also substituting various conventional screws, which is further expected to propel the demand for structural wood screws globally.

Flat-head structural wood screws are highly preferred for framing, log, and timber construction. This product is easy to install and is a high-strength alternative for through-bolting. Structural wood screws are available in a variety of sizes, dimensions, and properties; therefore, customers have a wide range of options to choose from. In addition, the product is also called a wood construction screw and is an ideal alternative to traditional lag screws. These abovementioned properties are expected to boost the growth of the market over the forecast period.

The structural wood screws market is governed by many governmental regulations which provide guidelines for the dimensions and specifications to produce screws for a particular application. For instance, CEN EN 14592, a European standard, directs how screws used in timber construction or structures should be manufactured, keeping in mind the stiffness and durability of the product. Thus, manufacturers of structural wood screws will have to comply with these standards and regulations in order to deliver top-quality products to customers.

Most of the players in the structural wood screws market opt for third-party distribution in order to reach a wider customer base. These companies are present on the e-commerce platforms of third-party distributors as well to cater to a larger audience. These third-party distributors include companies such as BuySupplies, Alibaba, Bigamart, and Amazon, which have a large consumer base and an improved customer reach. Manufacturers of the product also have tie-ups with local hardware vendors to directly cater to the requirements of end-users.

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Structural Wood Screws Market Report

Structural Wood Screws Market Report Highlights

Structural Wood Screws Market Segmentation

Grand View Research has segmented the global structural wood screws market on the basis of type, application, and region:

Structural Wood Screws Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

Structural Wood Screws Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

List of Key Players in the Structural Wood Screws Market