The Structural Wood Screws Global Market Report 2023, provides comprehensive information on the structural wood screws market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Structural Wood Screws Global Market Report 2023, 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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Technological advancements have emerged as a key trend gaining popularity in the structural wood screws market. 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. Additionally, powerful VerSaLOK fasteners are designed to deliver maximum strength and include a three-inch aggressive thread for improved holding force. In addition to being IBC/IRC code compliant (ICC-ES ESR-1078), VersaLOK fasteners are also ACQ approved and include FastenMaster’s exclusive ProjectLife® coating that is guaranteed for the duration of the project.
The structural wood screws market is segmented:
1) By Type: Carbon Steel, Stainless Steel
2) By Distribution Channels: Online Marketplaces, Hardware Stores, Other Distribution Channels
3) By Application: Construction, Furniture And Crafts, Other Applications
Asia-Pacific was the largest region in the structural wood screws market in 2022.
The table of contents in TBRC’s structural wood screws market report includes:
- Executive Summary
- Structural Wood Screws Market Characteristics
- Structural Wood Screws Market Trends And Strategies
- Structural Wood Screws Market – Macro Economic Scenario
- Global Structural Wood Screws Market Size and Growth
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- Global Structural Wood Screws Market Competitive Benchmarking
- Global Structural Wood Screws Market Competitive Dashboard
- Key Mergers And Acquisitions In The Structural Wood Screws Market
- Structural Wood Screws Market Future Outlook and Potential Analysis
- Appendix
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