The Business Research Company’s Structural Wood Screws Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Structural Wood Screws Global Market Report 2023 evaluates structural wood screws market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global market for structural wood screws is poised for growth, with expectations of an increase from $4.34 billion in 2022 to $4.56 billion in 2023, representing a steady compound annual growth rate (CAGR) of 4.98%. Nevertheless, it’s crucial to acknowledge the prevailing economic landscape, significantly impacted by the ongoing Russia-Ukraine conflict, which has impeded the global economic recovery efforts initiated in response to the COVID-19 pandemic.
This enduring conflict has culminated in economic sanctions imposed on multiple nations, a pronounced upsurge in commodity prices, and considerable disruptions in supply chains. As a result, inflationary pressures have rippled through goods and services, while interest rates have registered an upswing, influencing various markets on a global scale.
Despite these challenges, the structural wood screws market is primed for continued expansion, targeting an estimated value of $5.61 billion by 2027, maintaining a consistent CAGR of 5.35%. This outlook underscores the market’s resilience and adaptability amidst the ongoing global turbulence. To capitalize on these insights, market intelligence, market research professionals, and market forecasting experts must vigilantly monitor these developments to adjust their strategies effectively.
The growth of the construction and furniture industries is expected to propel the growth of the structural wood screws market. The construction and furniture industries encompass various activities related to creating, designing, manufacturing, and installing structures, buildings, furniture, and fixtures. The construction and furniture industries include creating, designing, manufacturing, and installing structures, buildings, furniture, and fixtures. Structural wood screws in the construction and furniture industries are used for superior structural integrity, providing secure and durable connections for wood-based structures and furniture. For instance, in July 2023, according to the U.S. Census Bureau, a US-based government institution, the expected annual rate of construction spending in May 2023 was $1,925.6 billion, which was 0.9% higher than the April estimate of $1,909.0 billion. The May amount is 2.4% higher than the $1,880.9 billion May 2022 projection. Furthermore, in December 2022, according to the Natural Resources Institute Finland (Luke), a Finland-based government office, total round wood use in Finland in 2021 was 85.2 million cubic meters. Comparing the sum to the prior year, there was a 9% rise. Therefore, the growth of the construction and furniture industries is driving the growth of the structural wood screws market.
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The structural wood screws market segments in the report are:
1) Structural Wood Screws Market By Type: Carbon Steel, Stainless Steel
2) Structural Wood Screws Market By Distribution Channels: Online Marketplaces, Hardware Stores, Other Distribution Channels
3) Structural Wood Screws Market By Application: Construction, Furniture And Crafts, Other Applications
Top Major Players
The table of contents in TBRC’s structural wood screws market report includes:
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
……
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
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Structural Wood Screws Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Structural Wood Screws Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Structural Wood Screws Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…
Table 74: Lowes Companies Inc. Financial Performance
Table 75: SFS Group AG Financial Performance
Table 76: Simpson Strong Tie Co. Inc. Financial Performance
Table 77: Hillman Group Inc. Financial Performance
Table 78: Fischer International Financial Performance
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