Product Code: ETC8852554 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for structural wood screws in the Philippines supports residential and commercial construction, as well as furniture manufacturing. Growth is driven by urban development and rising demand for prefabricated wooden structures. Local and imported brands compete in this market, which is also influenced by DIY home improvement trends.
The Philippines Structural Wood Screws Market is growing as the construction and woodworking industries demand more efficient and durable fastening solutions. Structural wood screws are critical in securing heavy wooden structures and ensuring long-lasting performance. As the construction sector expands and new building standards are introduced, the demand for high-quality wood screws is expected to increase, driving growth in the market.
The structural wood screws market in the Philippines is affected by rising raw material costs, which increase the overall price of these products. There is also significant competition from alternative fastening solutions, such as nails and bolts, which may be preferred due to lower costs or easier availability. Additionally, the lack of awareness about the benefits of using structural wood screws in construction, such as increased durability and strength, limits their adoption. The market is also impacted by supply chain disruptions, which can lead to inconsistent availability and delivery times.
The structural wood screws market in the Philippines is poised for growth due to the increasing demand for durable and efficient fastening solutions in the construction and furniture industries. Structural wood screws are widely used in residential, commercial, and industrial building projects for securing wood elements. Investment opportunities include the development of screws made from high-quality materials, resistant to corrosion and wear, and designed for both ease of use and strength. As the Philippines continues to experience growth in the construction sector, businesses can capitalize on the demand for reliable and cost-effective fastening solutions.
The construction boom, supported by the Build, Build, Build program and its successor infrastructure initiatives, indirectly drives the structural wood screws market. The DTI sets standards for fastener strength and corrosion resistance, while imports are monitored by the Bureau of Customs. Local manufacturers may benefit from MSME development programs that provide machinery and training.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Structural Wood Screws Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Structural Wood Screws Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Structural Wood Screws Market - Industry Life Cycle |
3.4 Philippines Structural Wood Screws Market - Porter's Five Forces |
3.5 Philippines Structural Wood Screws Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Structural Wood Screws Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Structural Wood Screws Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Structural Wood Screws Market Trends |
6 Philippines Structural Wood Screws Market, By Types |
6.1 Philippines Structural Wood Screws Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Structural Wood Screws Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Structural Wood Screws Market Revenues & Volume, By Carbon Steel, 2021- 2031F |
6.1.4 Philippines Structural Wood Screws Market Revenues & Volume, By Stainless Steel, 2021- 2031F |
6.2 Philippines Structural Wood Screws Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Structural Wood Screws Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Philippines Structural Wood Screws Market Revenues & Volume, By Furniture and Crafts, 2021- 2031F |
6.2.4 Philippines Structural Wood Screws Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Structural Wood Screws Market Import-Export Trade Statistics |
7.1 Philippines Structural Wood Screws Market Export to Major Countries |
7.2 Philippines Structural Wood Screws Market Imports from Major Countries |
8 Philippines Structural Wood Screws Market Key Performance Indicators |
9 Philippines Structural Wood Screws Market - Opportunity Assessment |
9.1 Philippines Structural Wood Screws Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Structural Wood Screws Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Structural Wood Screws Market - Competitive Landscape |
10.1 Philippines Structural Wood Screws Market Revenue Share, By Companies, 2024 |
10.2 Philippines Structural Wood Screws Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |