Canada Structural Wood Screws Market Size & Outlook
Canada structural wood screws market, 2018-2030 (US$M)
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Canada structural wood screws market highlights
- The Canada structural wood screws market generated a revenue of USD 420.8 million in 2023 and is expected to reach USD 636.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% 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 420.8 million |
| Market revenue in 2030 | USD 636.1 million |
| Growth rate | 6.1% (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, Canada accounted for 9.6% 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 North America, U.S. structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 636.1 million by 2030.
Stainless steel was the largest segment with a revenue share of 86.55% in 2023. Horizon Databook has segmented the Canada structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
According to Canadian Construction Association, construction industry in Canada accounted for a share of approximately 7.5% of the GDP of the country that amounted to about USD 141 billion in 2021. The increasing focus of consumers and the Government of Canada on the adoption of highly efficient construction practices is expected to fuel the demand for structural wood screws in the country.
These screws are mainly used in simplifying the construction process as they are more efficient and laborfriendly than traditional lag screws. Moreover, the growing economy and population in Canada have led to an increased requirement for carrying out infrastructure development and housing expansion projects in the country in the coming years.
The increasing population and the ongoing urbanization in Canada, along with the restoration of its domestic manufacturing sector, are anticipated to be the key factors driving the growth of the construction industry in the country. The rising commercial construction activities in the key provinces of Canada are also expected to boost the consumption of structural wood screws over the forecast period.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada structural wood screws market size, by type, 2018-2030 (US$M)
Canada Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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