Construction Nails Market Size, Share & Trends Analysis Report By Material (Stainless Steel, Carbon Steel), By Application, By Region (North America, Europe, Asia Pacific, Central & South America), And Segment Forecasts, 2023 - 2030

报告概述

The globalconstruction nails market sizewas estimated atUSD 10.30 billion in 2022and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. The growth can be attributed to the flourishing global construction industry, which is a key consumer of these nails. The growth of the global construction industry is driven by increasing public and private investments in the development of new infrastructures, residential spaces, and commercial spaces in countries such as India, China, and Mexico. Thus, the rising number of construction activities worldwide is fueling the demand for construction nails.

These nails are increasingly used in wood structures, cabinets, wall-molding applications, sheaths, fence-fixing applications, timber & soft pine frames, composition roofs, underlayment, fiber-cement boards, buildings, home renovation projects, etc. The surge in the development of lightweight wood-based structures in different countries across the world owing to the easy availability of wood, its high mobility rate, reduced taxes, and its low transportation costs, along with the ease of processing offered by it, is also fueling the demand for the product.

Construction nails are manufactured from raw materials such as stainless steel andcarbon steel. Stainless steel is highly preferred in the manufacturing of these nails owing to its various attributes such as durability, resistance to corrosion, and high strength. Carbon steel is also used for manufacturing these nails owing to its ability to bear loads and its high tensile strength. In addition, these nails when made from carbon steel are relatively less expensive compared to those made withstainless steel, which is expected to augment the demand for carbon steel nails in the market.

The U.S. is expected to witness significant growth on account of the growing construction industry in the country. Additionally, wood construction has been followed in the country for a long time on account of the availability of wood. The wood construction trend is still ongoing in the U.S. owing to comparatively low prices of wood and the growing adoption of sustainable building practices by the country. Therefore, rising wood construction is expected to augment the demand for the product over the coming years.

The market is highly competitive as customers look for specific sizes, types, and quality of nails rather than the brand name. Construction nails are distributed through direct channels, third-party vendors, or online portals. The companies involved in residential and non-residential construction procure these nails in bulk. The purchase volume and duration of contracts with these players in the end-use industry are the two major factors affecting the profit margins of manufacturers. As a result, product pricing and profit margins are observed to be varied across the industry players.

Material Insights

The stainless steel segment is expected to grow at a CAGR of 4.5% over the forecast period. Stainless steel nails are used in wood & concrete construction, DIY projects, remodeling of homes, and home decor. Furthermore, the anti-rusting and anti-corrosion properties of stainless steel nails make them suitable for use in outdoor applications such as deck and roofing.

Stainless steel is preferred for manufacturing nails owing to its properties such as durability, high reliability, and quality in terms of strength. Additionally, the product has corrosion resistance, hence it is highly recommended in wood construction, where the wood structures are exposed to moisture. Carbon steel gets oxidized when exposed to air, while stainless steel produces chromium oxide, which protects stainless steel nails from the damage caused by oxygen and chemicals, thereby extending their lifespan.

The carbon steel segment dominated with a market share of 48.2% in 2022. The segment is expected to grow at a significant pace over the forecast period on account of its wide application scope in the manufacturing of nails owing to its high load-bearing and tensile strength. In addition, carbon steel nails are good at resisting abrasion and retaining their original shape. This makes them a preferred choice as fastening materials for heavyweight structures such as concrete and steel.

Carbon steel nails lack the property of corrosion resistance; however, they are considered more durable and stronger than stainless steel nails. This increases the application of carbon steel nails in heavyweight wood and concrete structures. Moreover, the growing construction of these structures is further expected to increase the adoption of carbon steel nails over the forecast period owing to their low cost.

Application Insights

The wood construction segment is expected to grow at a CAGR of 4.3% over the forecast period. This segment includes the development of ceilings, framing, floors, roofing, decking, and walls made using wood. The trend of wood construction is increasing with rising environmental concerns, which are giving rise to sustainable building practices. This factors are expected to increase the trend of wood construction in countries around the globe, thereby fueling the growth.

As compared to concrete, wood is more susceptible to damage due to moisture, termites, decay, and fire, thereby affecting the life expectancy of buildings. However, the resistant, durable, and lightweight nature of wooden houses and structures, coupled with their easy-to-work nature is increasing their demand globally.

Concrete construction dominated the market, accounting for a revenue share of 66.4% in 2022. It is further anticipated to grow at a significant rate over the forecast period owing to the properties offered by concrete such as durability, versatility, and strength. These advantages have made concrete an ideal choice for building various commercial as well as residential projects around the globe.

Concrete construction is also witnessing increased usage in seismic-prone areas, as the material can withstand natural disasters such as floods and earthquakes. Additionally, concrete can be recycled and reused, increasing the life of structures. This is further expected to increase the demand for concrete in the building industry over the coming years.

Regional Insights

The Asia Pacific region dominated the global construction nails market with a revenue share of 42.7% in 2022. The region includes many developing as well as developed economies such as India, China, Japan, and Bangladesh. The countries in the region are witnessing growth in infrastructural development, which is driving the demand for these nails.

China is expected to witness significant growth over the forecast period. The country has emerged as one of the promising markets in Asia Pacific due to the presence of favorable government policies that promote investments in the construction sector. Furthermore, factors such as population growth, rapid urbanization, and rising disposable incomes also play an important role in developing the country’s construction sector. Thus, with a rise in construction activities in the country, the market is expected to witness growth over the forecast period.

The Middle East & Africa regional market is expected to grow at the fastest CAGR of 5.2% over the forecast period. The construction industry in the Middle East and Africa is expected to witness exponential growth over the coming years owing to factors such as an increase in investments, and expansion of oil production.

Additionally, upcoming government construction projects in Nigeria, Ethiopia, and Uganda are expected to drive the growth of the construction industry in the coming years. Furthermore, new government policies in South Africa to invest more in the infrastructure sector are likely to boost the growth of the construction sector in this country, which in turn, is expected to boost the market growth.

Key Companies & Market Share Insights

The construction nails market is categorized as highly competitive owing to the presence of a number of large- and small-sized manufacturers of different types of these nails in their product portfolios. These players are focused on increasing their market share by adopting various strategies such as new product launches, research and development, mergers & acquisitions, and collaborations. Some prominent players in the global construction nails market include:

• Simpson Strong-Tie

• Grip-Rite

• Shandong Oriental Cherry Hardware Group

• Maze Nails

• TITIBI

• Pan Chem Corporation

• JE-IL WIRE PRODUCTION

• Duchesne

• BECK Fastener Group

• DEACERO

Construction Nails Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 10.71 billion
Revenue forecast in 2030	USD 14.71 billion
Growth rate	CAGR of 4.6% from 2023 to 2030
Base year for estimation	2022
Actual estimates/Historical data	2018 - 2021
Forecast period	2023 - 2030
Quantitative units	Revenue in USD million/billion and CAGR from 2023 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Material, application, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country scope	U.S.; Canada; Mexico; Germany; UK; France; Spain; Turkey; China; India; Japan; South Korea; Australia; Brazil; Argentina; UAE; Saudi Arabia
Key companies profiled	Simpson Strong-Tie; Grip-Rite; Shandong Oriental Cherry Hardware Group; Maze Nails; TITIBI; Pan Chem Corporation; JE-IL WIRE PRODUCTION; Duchesne; BECK Fastener Group; DEACERO
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
革命制度党cing and purchase options	Avail customized purchase options to meet your exact research needs.探索购买选择

Global Construction Nails Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global construction nails market report based on material, application, and region:

• Material Outlook (Revenue, USD Billion, 2018 - 2030)

  • Stainless Steel

  • Carbon Steel

  • Others

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Wood Construction

  • Concrete Construction

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • 欧洲

    • Germany

    • UK

    • France

    • Spain

    • Turkey

  • Asia Pacific

    • China

    • India

    • 日本

    • South Korea

    • Australia

  • 美国中部和南部ca

    • Brazil

    • Argentina

  • Middle East & Africa

    • UAE

    • Saudi Arabia