Structural Wood Screws Market Research Report 2024

Global Structural Wood Screws Market Synopsis

Global Structural Wood Screws Market Size Was Valued at USD 4.52 Billion in 2023 and is Projected to Reach USD 7.19 Billion by 2032, Growing at a CAGR of 5.3 % from 2024-2032.

Structural wood screws, primarily employed in construction, are robust screws for heavy-duty projects. These screws are generally longer and are constructed from high-strength steel. It features a unique thread design that increases grip strength and minimizes the chance of slipping. Typically, they are utilized to connect structural components like beams, joists, and other elements.

• Structural wood screws possess greater shear and tensile strength, resulting in a more robust bond between wood and wood or wood and other materials. Moreover, stainless steel and carbon steel are commonly utilized materials for producing these screws due to their strong characteristics.
• Structural wood screws can be drilled directly into the wood without the need for a pre-drilled hole, which speeds up the working process. Moreover, structural wood screws offer elevated aesthetics by being able to be countersunk or concealed within the wood surface. Furthermore, these screws are utilized in a range of uses such as framing, decking, as well as furniture and interior and exterior design projects.
• Wood has been used in building for many centuries, thanks to its diverse advantages. Wood is a sustainable building material that can be responsibly obtained from forests, is biodegradable, and can be easily reused or repurposed in various ways, ultimately significantly reducing its impact on the environment. Wood is sturdy and long-lasting, although not as resilient as steel, making it a common choice for small-scale construction like one- or two-story buildings. Furthermore, wood is also known for being lightweight.
• When properly treated, wood can withstand fire and pests, and is not prone to decay. The growing need for wood in construction is significantly enhancing the outlook for the structural wood screws market.

Key Industry Player:

Big Timber Construction Fasteners (U.S.), CAMO Fasteners (U.S.), Fast Cap (U.S.), FastenMaster (U.S.), Simpson Strong-Tie (U.S.), GRK Fasteners (U.S.), The Hillman Group, Inc. (U.S.), Kreg (U.S.), KYOCERA SENCO (U.S.), SENCO (U.S.), Grabberpro.com (U.S.), Eurotec GmbH (Germany), SPAX International GmbH & Co. KG (Germany), Fischer Group (Germany), Friulsider S.P.A (Italy), Forch (Germany), HECO-Schrauben GmbH & Co. KG (Germany), Wurth Group (Germany), SFS Group (Switzerland), Sihga (Austria), Dresselhaus (Germany), TR Fastenings (U.K.), and other active players.

Global Structural Wood Screws Market Trend Analysis

Increasing Growing Demand in Construction & Wood - Prefabricated Techniques.

• The structural wood screw industry is expanding due to developments in construction materials and methods. These screws are known for their durability and dependability in wooden buildings, which is a major trend in both residential and commercial buildings. Contemporary construction projects prioritize sustainability and efficiency, resulting in an increased need for strong and user-friendly fastening options such as structural wood screws. The incorporation of these screws into automated and precise construction techniques boosts their usefulness, meeting the changing demands of the construction sector. Their increasing global popularity is also supported by their versatility in various wood types and construction styles, thereby promoting market expansion.
• The rising popularity of engineered wood materials, like laminated veneer lumber (LVL) and glued laminated timber (glulam), has caused a higher need for structural wood screws. These screws are created to ensure strong and long-lasting connections in engineered wood constructions. There is currently research and development being conducted to improve structural wood screws by enhancing their designs and coatings. Advancements in thread designs, tip shapes, and anti-corrosion coatings enhance longevity, simplify installation, and improve overall effectiveness.
• The surge in prefabrication and modular construction techniques has caused a higher need for effective and dependable fastening options. Structural wood screws are vital for joining prefabricated and modular parts, saving both time and money in the construction process. In areas where earthquakes are common, there is a strong focus on building structures that can better withstand seismic forces. Structural wood screws that offer stable connections and resist lateral forces help ensure the safety and stability of buildings in earthquake-prone areas.

Technological Innovations Boosting Wood Screw Performance and Durability

• The growing utilization of engineered wood materials like laminated veneer lumber (LVL) and glued laminated timber (Glulam) offers a substantial market potential for the wood screws sector. These advanced materials need strong and long-lasting fasteners to guarantee secure and strong connections in different construction projects. Specially made for engineered wood, structural wood screws are becoming a popular choice over traditional lag and wood screws. The reason for this change is the better performance features of structural wood screws, such as increased load-bearing ability and simplicity of installation. The global demand for high-quality wood screws is anticipated to increase as the construction industry increasingly utilizes LVL and Glulam for their environmental advantages and structural effectiveness.
• Market growth is being driven forward by technological progress in the design, materials, and coatings of wood screws. Ongoing research and development endeavors have resulted in advancements in thread designs, tip shapes, and coatings that resist corrosion, ultimately boosting the robustness and longevity of these fastening tools. These developments improve the efficiency and durability of wood screws, resulting in a more economical and dependable option for extended use.
• Therefore, manufacturers who put money into research and development and embrace advanced technologies are in a good position to take advantage of the increasing need for high-quality wood screws in the engineered wood construction industry. In this ever-changing market, there is a great opportunity for growth for companies that can provide creative, high-quality fastening solutions designed for the changing requirements of modern construction methods.

Global Structural Wood Screws Market Segment Analysis:

Global Structural Wood Screws Market Segmented by Type, Application, and Distribution Channel.

By Type, The Stainless – Steel Structural Screws Segment Is Expected to Dominate the Market During the Forecast Period.

• The Structural Wood Screws Market is dominated by the segment of stainless-steel structural screws. Stainless steel material can withstand hydrogen-induced cracking both internally and externally. The presence of a chromium oxide layer on the outer surface of stainless-steel structural wood screws gives them the ability to self-repair, leading to a rise in their worldwide popularity.
• Stainless steel structural wood screws are employed in the construction, home decoration, DIY projects, and renovation of houses. Their anti-rusting and anti-corrosion properties make them a popular choice for outdoor projects like building decks. These screws are vital for building decks, outdoor furniture, and structures in marine settings.
• While stainless steel is usually pricier than carbon steel, its cost-effectiveness for specific projects stems from its durability and low maintenance needs in the long run. Furthermore, these screws also improve the visual attractiveness of products made with them. These factors are projected to increase the need for stainless steel structural wood screws for use in furniture and home décor applications.

By Application, The Construction Segment Held the Largest Share in 2023.

• the construction segment dominates the Structural Wood Screws Market. The growth of structural wood screws in construction is being fueled by thriving commercial, residential, and retail sectors globally. Furthermore, the increasing investments made by various governments in their construction sectors are anticipated to boost construction activities on a global scale. This is expected to drive growth during the projected time frame.
• The construction sector covers a diverse array of uses, from residential and commercial structures to major infrastructure developments. Wooden components in this sector rely on structural wood screws for their strong and dependable fastening ability. Their versatility is evident in their use for framing, roofing, decking, and other structural applications. Global urbanization, growing construction activities, and the increasing popularity of sustainable building practices are driving the demand in this sector.
• Rising investments in commercial developments like hotels, hospitals, and educational institutions are expected to contribute positively to industry growth in the upcoming period. Recent residential and commercial construction projects are choosing structural screws because they offer durable solutions for wooden frames.
• The item is made using stainless steel, which is resistant to corrosion and can preserve its original condition for an extended period. Despite its higher cost due to its built-in features, the increasing disposable incomes and higher living standards of consumers have contributed to the product's growing demand.

Global Structural Wood Screws Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast Period

• Strong demand from residential, commercial, and infrastructure projects is fueling the North American market for structural wood screws. The growth is greatly boosted by the residential construction industry, driven by a rising population and growing demand for housing. The building of fresh residences and housing complexes requires dependable and long-lasting fastening choices, which is why structural wood screws are crucial. The housing market receives a boost from home renovation and remodeling projects as homeowners seek to improve their properties by investing in upgrades. Uses like building decks and framing structures especially profit from the growing demand for these screws.
• The strong presence of North America in the structural wood screws market is backed by active construction industries in the US and Canada. The area's robust tradition of do-it-yourself and home improvement greatly influences demand, particularly for residential construction and renovation endeavors. The market growth is boosted by the participation of large manufacturers and a focus on eco-friendly construction materials. In addition, regulations that focus on safety and durability in construction methods drive the need for top-notch structural wood screws, solidifying their ongoing significance in the construction industry of North America.

Active Key Players in the Global Structural Wood Screws Market

• Big Timber Construction Fasteners (U.S.)
• CAMO Fasteners (U.S.)
• Fast Cap (U.S.)
• FastenMaster (U.S.)
• Simpson Strong-Tie (U.S.)
• GRK Fasteners (U.S.)
• The Hillman Group, Inc. (U.S.)
• Kreg (U.S.)
• KYOCERA SENCO (U.S.)
• SENCO (U.S.)
• com (U.S.)
• Eurotec GmbH (Germany)
• SPAX International GmbH & Co. KG (Germany)
• Fischer Group (Germany)
• Friulsider S.P.A (Italy)
• Forch (Germany)
• HECO-Schrauben GmbH & Co. KG (Germany)
• Wurth Group (Germany)
• SFS Group (Switzerland)
• Sihga (Austria)
• Dresselhaus (Germany)
• TR Fastenings (U.K.)

Key Industry Developments in the Global Structural Wood Screws Market:

• In March 2024, LINC Systems announced its partnership with Big Timber Construction Fasteners, introducing professional-grade structural fasteners. Mountain-tested and ideal for sheds, trusses, pallets, crates, wall panels, and cabinets, these fasteners suit the manufactured, prefabricated, and modular home industries. Known for rugged construction and mid-tier pricing, they are perfect for large timbers, railway trestles, log cabins, and marine dock and deck installations. Carpenters appreciated their ease of use without pre-drilling, and end users valued their corrosion resistance and durability. Big Timber fasteners are ISO 9002 certified and excel in salt spray tests.

• In June 2023, FastenMaster, a renowned company that manufactures structural wood screws announced the successful completion of 25 years in the industry & celebrated 25 years in the industry. It was established in 1998 and since then, has been serving professional building contractors. It has wide differentiated screw products such as the Cortex Hidden Fastening System, used for hidden systems utilizing plugs and screws; ThruLOK, a self-tightening nut that makes connections in a fraction of time and many more.