Latin America Structural Wood Screws Market Size & Outlook
Latin America structural wood screws market, 2018-2030 (US$M)
Related Markets
Latin America structural wood screws market highlights
- The Latin America structural wood screws market generated a revenue of USD 243.3 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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.
- Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 243.3 million |
| Market revenue in 2030 | USD 334.1 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Carbon Steel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.6% of the global structural wood screws market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 308.5 million by 2030.
Stainless steel was the largest segment with a revenue share of 71.72% in 2023. Horizon Databook has segmented the Latin America structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in this region can be attributed to the flourishing construction industry in Central & South America. The emerging economies of the region, including Brazil, Argentina, Peru, etc., are experiencing an increase in their population. They are also witnessing rapid urbanization.
These factors trigger construction activities in Central & South America, thereby fueling the demand for structural wood screws in the region. The rising investments in various infrastructure development projects by foreign and domestic players in Central & South America are also expected to contribute to the growth of the construction industry in the region.
Additionally, the surged development of single-family houses in Central & South America also contributes to the growth of residential construction market. The rising percentage of single parents in the region is anticipated to drive the demand for single-family housing units in Central & South America from 2022 to 2030.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America structural wood screws market size, by country, 2018-2030 (US$M)
Latin America Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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