Asia Pacific Structural Wood Screws Market Size & Outlook
Asia Pacific structural wood screws market, 2018-2030 (US$M)
Related Markets
Asia Pacific structural wood screws market highlights
- The Asia Pacific structural wood screws market generated a revenue of USD 772.5 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
- Country-wise, Singapore is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 772.5 million |
| Market revenue in 2030 | USD 1,193.8 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Carbon Steel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 17.7% of the global structural wood screws market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 308.5 million by 2030.
Stainless steel was the largest segment with a revenue share of 71.22% in 2023. Horizon Databook has segmented the Asia Pacific structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific structural wood screws market is projected to grow significantly over the forecast period. The region is one of the most lucrative destinations for construction and furniture manufacturers owing to the presence of key manufacturers in China, India, South Korea, Japan, and Singapore.
The countries in the Asia Pacific are experiencing rising investments from governments as well as foreign investors. The residential sector in the country has been on a rise owing to changing preferences of customers to furnished and large homes coupled with low-interest rates.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific structural wood screws market size, by country, 2018-2030 (US$M)
Asia Pacific Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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