Mexico Structural Wood Screws Market Size & Outlook
Mexico structural wood screws market, 2018-2030 (US$M)
Related Markets
Mexico structural wood screws market highlights
- The Mexico structural wood screws market generated a revenue of USD 117.6 million in 2023 and is expected to reach USD 155.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.1% 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 117.6 million |
| Market revenue in 2030 | USD 155.3 million |
| Growth rate | 4.1% (CAGR from 2024 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, Mexico accounted for 2.7% 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 North America, U.S. structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 636.1 million by 2030.
Stainless steel was the largest segment with a revenue share of 76.45% in 2023. Horizon Databook has segmented the Mexico 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 Mexico is growing at a significant rate owing to its increasing population and ongoing urbanization. In addition, the emergence of the country as an upcoming manufacturing hub has resulted in the establishment of numerous industries in Mexico.
A large population of the country has been migrating close to these facilities that has led to the development of new cities and the expansion of existing ones in Mexico. This also drives the growth of the construction industry in the country. Mexico is also experiencing a rapid increase in the development of commercial and residential spaces owing to surging demand for them from its continuously growing population.
The cities in the country have been witnessing rising demand for affordable housing units. For instance, in 2022, approximately 14,000 new homes were constructed in Mexico. The country still faces the demand for more than 60,000 new homes. This is anticipated to surge residential construction activities in Mexico in the coming years, thereby increasing the demand for structural wood screws in the country.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico structural wood screws market size, by type, 2018-2030 (US$M)
Mexico Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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