Germany Structural Wood Screws Market Size & Outlook
Germany structural wood screws market, 2018-2030 (US$M)
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Germany structural wood screws market highlights
- The Germany structural wood screws market generated a revenue of USD 349.3 million in 2023 and is expected to reach USD 458.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.9% 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 349.3 million |
| Market revenue in 2030 | USD 458.1 million |
| Growth rate | 3.9% (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, Germany accounted for 8.0% 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 Europe, Germany structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- Ireland is the fastest growing regional market in Europe and is projected to reach USD 76.9 million by 2030.
Stainless steel was the largest segment with a revenue share of 82.59% in 2023. Horizon Databook has segmented the Germany structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
The factors driving investments in this industry in Germany are favorable government incentives, digitization, and resource efficiency in terms of raw materials, along with the presence of a circular economy. In addition, demographic change such as the rising proportion of the elderly population in the country is also projected to fuel the construction of community centers and hospitals in Germany in the coming years, thereby surging the demand for structural wood screws.
Population growth, coupled favorable economic environment, is increasing the demand for residential construction in the country. According to Trading Economics, in 2021, residential construction accounted for a share of 7.20% of the GDP of Germany. In 2021, the government of the country also announced its plan of building approximately 400,000 new housing units per year from 2021.
It is because of the migration trends prevailing in the country that have driven the demand for new houses. This, in turn, is expected to increase the consumption of structural wood screws in Germany in the coming years.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany structural wood screws market size, by type, 2018-2030 (US$M)
Germany Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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