Structural Wood Screws Market Size - By Type (Stainless Steel, Carbon Steel), By Application (Construction, Furniture and Craft, Others), Regional Outlook & Global Forecast, 2024 - 2032

Structural Wood Screws Market Size

Structural Wood Screws Market was valued at USD 5 billion in 2023 and is estimated to exhibit 6.1% CAGR between 2024 and 2032. Wooden screws are suitable alternatives to lag screws. They are heavy-duty fasteners that ensure greater durability as compared to standard screws. Installing these screws is easier because there is no need to first drill a pilot hole.

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Rapid urbanization and expansion in residential and commercial construction is expected to drive the market growth. These products have usage in numerous applications such as wood building, log framing, cabinet construction, and deck construction Innovation in design and in manufacturing processes has contributed to the development of high performing screws with improved strength, durability, and ease of installation, leading to increased usage.
 

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The structural wood screws market has numerous applications including construction, DIY, infrastructure repair and maintenance. The presence of a significant unorganized sector can pose a considerable challenge to quality control and market growth. Low-quality screws have the potential to weaken a building's foundation. Structural wooden screws must be installed with a precise technique for optimal performance. Lack of proper installation and subsequent issues also have the potential to hinder market growth.

Structural Wood Screws Market Trends

The growing use of engineered wood products, such as laminated veneer lumber (LVL) and glued laminated timber (glulam), has led to an increased demand for structural wood screws. These screws are designed to provide secure and durable connections in engineered wood structures. Ongoing research and development efforts focus on enhancing structural wood screws through improved designs and coatings. Innovations in thread patterns, point geometries, and corrosion-resistant coatings contribute to increased durability, ease of installation, and overall performance.

The rise of prefabrication and modular construction methods has led to an increased demand for efficient and reliable fastening solutions. Structural wood screws play a crucial role in connecting prefabricated and modular components, offering time and cost savings during construction. In regions prone to seismic activity, there is a heightened emphasis on constructing buildings with enhanced seismic resilience. Structural wood screws that provide secure connections and withstand lateral forces contribute to the safety and stability of structures in seismic zones.

Structural Wood Screws Market Analysis

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Based on type, the stainless-steel segment exceeded USD 3 billion in 2023. One of the primary demand drivers for stainless steel structural wood screws is their exceptional corrosion resistance. Stainless steel is highly resistant to rust and corrosion, making it suitable for outdoor and marine applications where exposure to moisture is a concern. Stainless steel screws offer durability and a long service life. They are known for their ability to withstand harsh environmental conditions, making them suitable for applications where longevity and minimal maintenance are essential.

Cost-effectiveness is a significant demand driver for carbon steel structural wood screws. Carbon steel is often more economical to produce compared to stainless steel, making it suitable for construction projects with budget constraints. Carbon steel screws are versatile and find applications in a wide range of general-purpose construction projects. They are suitable for indoor applications and environments where corrosion resistance is not a primary concern.

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Based on application, the construction sector accounted for a market share of 69% in 2023 and is projected to grow by 2032. In construction applications, structural wood screws play a crucial role in providing the necessary structural integrity and load-bearing capacity. The demand is driven by the need for reliable fastening solutions that can withstand the weight and forces exerted on the structure. Structural wood screws find applications in a wide range of construction projects, including residential, commercial, and industrial buildings.

Structural wood screws are in demand for their ability to provide secure and visually appealing connections in woodworking projects. The "Others" category includes specialized applications beyond construction and furniture, such as automotive, marine, or industrial projects. The demand for structural wood screws in these applications is influenced by specific requirements unique to each in.

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North America structural wood screws market size surpassed USD 1 billion in 2023. Residential, commercial, and infrastructure projects contribute to the increased need for reliable and durable fastening solutions. The demand for structural wood screws is particularly high in the residential construction sector. With a growing population and increased housing needs, the construction of new homes and residential developments fuels the demand for these screws. Home renovation and remodeling projects contribute significantly to the demand for structural wood screws. As homeowners invest in upgrading and enhancing their properties, the need for reliable fasteners for various applications, including decking and framing, is on the rise.

Structural Wood Screws Market Share

Structural wood screw industry seems to be highly fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of market players collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Structural Wood Screws Market Companies

Major players operating in the structural wood screws industry are

• Big Timber
• Camo Fasteners
• Eurotec GmbH
• Fast Cap
• Fasten Masters
• Fischer
• Forch
• GRABBER Construction Products
• Grip-rite
• GRK Fasteners
• HECO-Schrauben
• Hillman
• Kreg
• KYOCERA SENCO
• MITEK Inc.

Structural Wood Screws Industry News

• In June 2023, FastenMaster, a renowned company which manufactures structural wood screws celebrated 25 years in industry. It was established in 1998 and since then, has been serving professional building contractors. It has wide differentiated screw products such as, Cortex Hidden Fastening System, used for hidden system utilizing plugs and screws; ThruLOK, a self-tightening nut which makes connections in a fraction of time and many more.
• In January 2023, Starborn Industries, which is a largest importer of drywall screws all over the world, has launched its own fastener line for deck construction market.

The structural wood screws market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million units) from 2018 to 2032, for the following segments

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Market, By Type

• Stainless steel
• Carbon steel

Market, By Application

• Construction
• Furniture and craft
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA