Japan Structural Wood Screws Market Size & Outlook
Japan structural wood screws market, 2018-2030 (US$M)
Related Markets
Japan structural wood screws market highlights
- The Japan structural wood screws market generated a revenue of USD 134.3 million in 2023 and is expected to reach USD 181.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.4% 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 134.3 million |
| Market revenue in 2030 | USD 181.3 million |
| Growth rate | 4.4% (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, Japan 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 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 73.49% in 2023. Horizon Databook has segmented the Japan structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
According to Organization for Economic Co-operation and Development, the real GDP of the country is expected to grow at 1.8% in 2023 and 0.9% in 2024. The construction industry is also witnessing growth in the country owing to rapid urbanization coupled with rising young population.
According to Trading Economics, construction orders in the country increased to 7.90% in October 2022 as compared to October 2021. This growth is anticipated to boost the demand for structural wood screws.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan structural wood screws market size, by type, 2018-2030 (US$M)
Japan Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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