North America Structural Wood Screws Market Size & Outlook
North America structural wood screws market, 2018-2030 (US$M)
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North America structural wood screws market highlights
- The North America structural wood screws market generated a revenue of USD 1,313.7 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,313.7 million |
| Market revenue in 2030 | USD 1,879.7 million |
| Growth rate | 5.3% (CAGR from 2024 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, North America region accounted for 30.0% 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 82.71% in 2023. Horizon Databook has segmented the North America structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for a significant revenue share of structural wood screws market in 2022. The market in this region is expected to grow significantly from 2022 to 2030 owing to the increasing consumer spending on construction, interior decoration, and modification of furniture.
Increasing renovation and refurbishment activities in North America to maintain the structural integrity of buildings and to ensure the safety of the residents have triggered a number of redevelopment projects related to residential as well as non-residential sectors in developed countries of the region such as U.S., Canada and Mexico.
Moreover, major infrastructure development projects being carried out in North America are expected to augment the demand for structural wood screws over the forecast period. According to the U.S. Census Bureau, U.S. construction spending in August 2022 was at a seasonally adjusted annual rate (SAAR) of USD 1,781.3 billion, witnessing an increase of 8.5% compared with SAAR recorded in August 2021.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America structural wood screws market size, by country, 2018-2030 (US$M)
North America Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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