Argentina Structural Wood Screws Market Size & Outlook
Argentina structural wood screws market, 2018-2030 (US$M)
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Argentina structural wood screws market highlights
- The Argentina structural wood screws market generated a revenue of USD 50.5 million in 2023 and is expected to reach USD 70.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, stainless steel was the largest revenue generating type in 2023.
- Carbon Steel is the most lucrative type segment registering the fastest growth during the forecast period.
Structural wood screws market data book summary
| Market revenue in 2023 | USD 50.5 million |
| Market revenue in 2030 | USD 70.1 million |
| Growth rate | 4.8% (CAGR from 2024 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Carbon Steel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Steel, Stainless Steel |
| Key market players worldwide | SFS Group AG, Simpson Manufacturing Co Inc, Eurotech Ltd, Illinois Tool Works Inc, Kyocera Corp, SPAX International, Grip-Rite, Simpson Strong-Tie Company, Rothoblaas, GRK Fasteners |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.2% of the global structural wood screws market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 37.9 million by 2030.
Stainless steel was the largest segment with a revenue share of 71.68% in 2023. Horizon Databook has segmented the Argentina structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Argentina faced a strong contraction during the COVID-19 pandemic in 2020. However, the growth of the construction industry in the country revived in 2022 owing to the execution of major construction projects. Argentina witnessed a rise in its GDP in 2022 owing to the growth of its construction industry.
According to Trading Economics, the contribution of this industry to the GDP of the country in the third quarter of 2022 was USD 13.21 billion. Moreover, the growth of the residential remodeling and refurbishment industry in Argentina is also anticipated to surge the demand for structural wood screws in the country in the coming years.
The furniture industry in Argentina is witnessing significant growth. According to Semrush, the traffic on the e-commerce furniture websites in the country stood at USD 2.7 million in November 2022 and this traffic is growing at a rate of 23.95% year on year.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
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Argentina structural wood screws market size, by type, 2018-2030 (US$M)
Argentina Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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