Italy Structural Wood Screws Market Size & Outlook
Italy structural wood screws market, 2018-2030 (US$M)
Related Markets
Italy structural wood screws market highlights
- The Italy structural wood screws market generated a revenue of USD 133.9 million in 2023 and is expected to reach USD 147.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 1.4% 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.
Structural wood screws market data book summary
| Market revenue in 2023 | USD 133.9 million |
| Market revenue in 2030 | USD 147.9 million |
| Growth rate | 1.4% (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, Italy accounted for 3.1% 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 78.27% in 2023. Horizon Databook has segmented the Italy 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 the country is witnessing significant growth owing to increasing investments. According to Trading Economics, construction output in Italy increased by 16.9% in May 2022 owing to the rising investment in the sector.
Investments in the construction industry in the country rose by 16.4% in 2021 compared with the investments witnessed by this industry in 2020. The investments in new housing units increased by 12% while non-residential building investments rose by 11.6% in Italy in 2021. The government of the country is planning a total expenditure of USD 116.4 billion to improve the public infrastructure in Italy over the next 15 years.
It has allocated an additional USD 4 billion for rebuilding activities in the areas affected by earthquakes. This is anticipated to fuel the growth of the construction industry in Italy in the coming years, thereby surging the demand for 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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Italy structural wood screws market size, by type, 2018-2030 (US$M)
Italy Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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