U.S. Structural Wood Screws Market Size & Outlook
U.S. structural wood screws market, 2018-2030 (US$M)
Related Markets
U.S. structural wood screws market highlights
- The U.S. structural wood screws market generated a revenue of USD 775.4 million in 2023 and is expected to reach USD 1,088.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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 775.4 million |
| Market revenue in 2030 | USD 1,088.3 million |
| Growth rate | 5% (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, U.S. accounted for 17.7% 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 81.56% in 2023. Horizon Databook has segmented the U.S. structural wood screws market based on carbon steel, stainless steel covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for a significant share of structural screws wood market in North America in 2022. Increasing investments in public infrastructure development projects in the country are expected to drive the demand for structural wood screws in the U.S. in the coming years. Additionally, the construction industry in the country is expected to witness high growth over the forecast period.
This, in turn, is predicted to drive the demand for structural wood screws in the U.S. owing to the wide applicability of these screws in the construction industry. Several construction projects are underway in the U.S. For instance, in 2020, the construction of more than USD 2.5 billion Amazon HQ2 office space started in the country that is planned to be completed by 2023.
This office campus has been planned to include 2.1-million square foot of space dedicated to offices. It is also expected to have a retail space of 50,000-square foot for local small businesses. In 2021, Samsung planned the development of a semiconductor fabrication facility worth USD 17 billion in Texas. The construction was scheduled to start in 2022 and is expected to be completed by 2024.
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Structural Wood Screws Market Scope
Structural Wood Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. structural wood screws market size, by type, 2018-2030 (US$M)
U.S. Structural Wood Screws Market Outlook Share, 2023 & 2030 (US$M)
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