India Structural Wood Screws Market Size & Outlook
India structural wood screws market, 2018-2030 (US$M)
Related Markets
India structural wood screws market highlights
- The India structural wood screws market generated a revenue of USD 55.8 million in 2023 and is expected to reach USD 89.5 million by 2030.
- The India market is expected to grow at a CAGR of 7% 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 55.8 million |
| Market revenue in 2030 | USD 89.5 million |
| Growth rate | 7% (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, India accounted for 1.3% 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 Asia Pacific, China structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 59.1 million by 2030.
Stainless steel was the largest segment with a revenue share of 71.33% in 2023. Horizon Databook has segmented the India structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the major developing economies in the world, and its construction industry is growing at a significant rate. Rapid urbanization and growing population have given a boost to the construction industry in the country.
Additionally, the migration of people from rural to urban areas in search of better opportunities is driving the market for residential buildings in urban areas. In addition, the increasing standard of living of people has resulted in increased spending on modified interiors and furniture, which is contributing to the growing demand for structural wood screws in the country.
The remote work policies have also increased the demand for home office furniture such as laptop tables and cabinets. Structural wood screws are used in these products for fastening wood-towood or wood-to-metal structures. Thus, rising demand for furniture is expected to push the structural wood screws market growth.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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India structural wood screws market size, by type, 2018-2030 (US$M)
India Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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