Russia Structural Wood Screws Market Size & Outlook
Russia structural wood screws market, 2018-2030 (US$M)
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Russia structural wood screws market highlights
- An overview of the Russia structural wood screws market trends heading towards 2030. The market in Russia generated a revenue of USD 181.9 million in 2022 and is expected to reach USD 251.7 million by 2030.
- The overall growth of the Russia market from 2022 to 2030. The Russia market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
- A look at the Russia market revenues per segment in 2022. In terms of segment, stainless steel was the largest revenue generating type in 2022.
- The segment witnessing the fastest revenue growth within the market. 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 2022 | USD 181.9 million |
| Market revenue in 2030 | USD 251.7 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Carbon Steel |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 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 |
Other key industry trends
- In terms of revenue, Russia accounted for 4.4% of the global structural wood screws market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 361.0 million by 2030.
Stainless steel was the largest segment with a revenue share of 83.6% in 2023. Horizon Databook has segmented the Russia structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
Structural wood screws market in Russia is projected to grow at a CAGR of 4.2% over the forecast period owing to the flourishing construction industry in the country. According to Trading Economics, the construction output of Russia increased by 9.60% in October 2022 compared with the construction output of the country in October 2021.
This output is further expected to grow by approximately 2% and 1.50% in 2023 and 2024, respectively. Thus, the rising number of construction activities in the country is expected to propel the demand for structural wood screws in Russia from 2022 to 2030.
Additionally, Russia is witnessing a rise in energy and transportation costs, coupled with a mild labor shortage. The furniture industry in the country is also experiencing a slowdown due to the ongoing Russia and Ukraine war. The aftereffects of the war may act as a restraint for the growth of the overall economy of Russia. The war is also anticipated to impact various industries in the country that are end users of these screws.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia structural wood screws market size, by type, 2018-2030 (US$M)
Russia Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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