Brazil Structural Wood Screws Market Size & Outlook
Brazil structural wood screws market, 2018-2030 (US$M)
Related Markets
Brazil structural wood screws market highlights
- The Brazil structural wood screws market generated a revenue of USD 101.0 million in 2023 and is expected to reach USD 138.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% 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 101.0 million |
| Market revenue in 2030 | USD 138.1 million |
| Growth rate | 4.6% (CAGR from 2023 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, Brazil accounted for 2.3% 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 70.5% in 2023. Horizon Databook has segmented the Brazil 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 Brazil is projected to grow at a significant rate during the forecast period owing to ongoing urbanization and increasing purchasing power of individuals. This, in turn, is surging the demand for renovating buildings and furniture. According to the Brazilian Institute of Geography and Statistics, the construction industry in the country witnessed a growth of 12.2% in the fourth quarter of 2022 compared with the growth witnessed by it in the fourth quarter of 2021.
This is anticipated to surge the demand for structural wood screws used in furniture and other wooden structures in Brazil. The construction of residential infrastructures is anticipated to witness substantial growth in the country from 2022 to 2030 owing to support offered by the Government of Brazil to balance the supply and demand of affordable houses, coupled with ongoing urbanization.
The government of the country has also taken initiatives to revitalize its economy through programs such as My House, My Life and National Education Plan. This is also anticipated to fuel the growth of the construction industry in the country, thereby surging the demand for structural wood screws used in the construction industry over the forecast years.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil structural wood screws market size, by type, 2018-2030 (US$M)
Brazil Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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