UK Structural Wood Screws Market Size & Outlook, 2023-2030
UK structural wood screws market, 2018-2030 (US$M)
Related Markets
UK structural wood screws market highlights
- The UK structural wood screws market generated a revenue of USD 294.0 million in 2023 and is expected to reach USD 379.8 million by 2030.
- The UK market is expected to grow at a CAGR of 3.7% 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 294.0 million |
| Market revenue in 2030 | USD 379.8 million |
| Growth rate | 3.7% (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, UK accounted for 6.7% 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 Europe, Germany structural wood screws market is projected to lead the regional market in terms of revenue in 2030.
- Ireland is the fastest growing regional market in Europe and is projected to reach USD 76.9 million by 2030.
Stainless steel was the largest segment with a revenue share of 80.44% in 2023. Horizon Databook has segmented the UK 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 structural wood screws market in the UK is expected to be driven by the increase in construction and restoration activities related to housing units, offices, educational institutes, hotels & restaurants, resorts, transport buildings, online retail warehousing, etc. in the country.
However, weakened commercial and industrial activities in the UK, coupled with uncertainty related to its industrial sector due to Brexit, may lead to a moderate demand for structural wood screws over the forecast period. According to Trading Economics, the construction industry contributed approximately 7% to the GDP of the UK in 2022.
The construction output in the UK was more than USD 11.69 trillion in 2022. Of this, new construction accounted for a share of approximately 60%, while maintenance and refurbishment held a share of approximately 40% of the overall construction output. Additionally, rising investments in public and private construction activities in the country are expected to fuel the growth of the construction industry in the UK.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK structural wood screws market size, by type, 2018-2030 (US$M)
UK Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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