0

North America Structural Wood Screws Market is Expected to Reach $1,002.2 million by 2032-Allied Market Research

 
2022
North America Structural Wood Screws Market

Report Code : A181407

quote the North America structural wood screws market for construction has witnessed significant growth in the past decade, owing to increasing demand for buildings. In addition, wood is preferred for small-scale construction owing to its environmentally friendly features. quote

Amar Chinchane
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “North America Structural Wood Screws Market by Type, Business Channel, Application and Region: Country Opportunity Analysis and Industry Forecast, 2023–2032,” The North America structural wood screws market size was valued at $588.2 million in 2020 and is projected to reach $1002.2 million by 2032, registering a CAGR of 4.4% from 2023 to 2032.

The North America structural wood screws market for construction has witnessed a surge largely owing to increased utilization of wood in residential buildings along with some commercial buildings. Structural wood screws find extensive use in connecting and joining various wooden construction elements or affixing wood to other materials. Known for their length, durability, and broad threads, these screws create robust joints between different structural components, ensuring a secure connection and minimizing the possibility of slippage. In addition, their versatility extends to applications beyond construction, encompassing furniture making, crafting, interior and exterior design, and even in assembling wooden shipping containers. 

Commonly used materials for making structural wood screws are stainless steel and carbon steel. Out of these, the stainless steel segment accounted for a higher market share in terms of revenue owing to high strength of stainless steel and its corrosion resisting capability. Moreover, the carbon steel segment is anticipated to dominate the North America structural wood screws market for construction forecast by growing with a higher CAGR, attributed to its relatively lower cost than the stainless steel structural wood screws. 

Furthermore, structural wood screws are used in various applications including roofing, walls, internal flooring, decking, framing, and others. Among these, the framing segment dominated the North America structural wood screws market share for construction in terms of revenue generated in 2020. On the other hand, decking segment is anticipated to grow with the highest CAGR during the forecast period. Growth in construction which is largely attributed to the increase in population and high rate of urbanization in various parts of North America.

Moreover, North America structural wood screws market for construction is also bifurcated on the basis of business channel which includes; in- tore, and online. Out of these two segments, the in store segment accounted for a higher revenue share in 2020, and the online segment is expected to grow with a higher CAGR during the forecast period. Items purchased from a physical store can be properly inspected before buying, thereby ensuring the appropriate quality of the structural wood screws. Moreover, the main benefit of buying structural wood screws via online mode is the availability of a large variety of screws.  

The market is mainly driven by the rise in demand for wood in construction, growth in trend of home renovation and improvements, and superiority of structural wood screws. However, factors such as fluctuating cost of raw materials required to make structural wood screws are anticipated to restrain the North America structural wood screws market for construction growth. Contrarily, the rise in demand for sustainability in construction is expected to increase the adoption of wood; thereby, providing opportunities to the North America structural wood screws market growth for construction.  

In 2020, the U.S. dominated the North America structural wood screws market for construction share, in terms of revenue, and Mexico is anticipated to grow with the highest CAGR during the forecast period.
However, various businesses in the North America structural wood screws market for construction are expected to witness a slow growth rate in the coming year, owing to the economic slowdown driven by the Ukraine-Russia war. The inflation has already led to higher prices of materials in construction sector, leading to low demand for structural wood screws.

Key Players:

The major players in the structural wood screws, such as Simpson Manufacturing Co., Inc. (Simpson Strong-Tie Company, Inc.), Screw Products, Inc., Fischer Group, Steel Partners Holdings L.P. (OMG, Inc.), Illinois Tool Works Inc. (GRK Fasteners), Trifast plc (TR Fastening), Altenloh, Brinck & Co US, Inc., National Nail Corp. (Camo Fasteners), Berkshire Hathaway Inc. (MiTek Industries Inc.), and EJOT Holding GmbH and Co. KG.

Key findings of the study

  • The report provides an extensive analysis of the current and emerging North America structural wood screws market trends for construction and dynamics.   
  • Depending on the type, the stainless steel segment dominated the North America structural wood screws market for construction, in terms of revenue in 2020. 
  • By application, the framing segment accounted for a higher revenue share of the market share in 2020. 
  • By business type, the in-store segment dominated the North America structural wood screws market for construction, in terms of revenue in 2020. 
  • Mexico is projected to register the highest growth rate in the coming years.  
  • The key players within the North America structural wood screws market Analysis for construction are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the structural wood screws industry.  
  • The report provides an extensive analysis of the current trends and emerging opportunities in the market.   
  • In-depth North America structural wood screws market forecast for construction analysis is conducted by constructing estimations for the key segments between 2023 and 2032.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote North America Structural Wood Screws Market by Type (Carbon Steel, and Stainless Steel), Application (Framing, Roofing, Walls, Internal Flooring, Decking, and Others), and Business Channel (In Store, and Online): Opportunity Analysis and Industry Forecast, 2023–2032 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Feb 2024

Torpedo Market

Download Sample
rep-img

Published Date Feb 2024

Behavioral Health Market

Download Sample

Buy Full Version
"North America Structural Wood Screws Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers