The market for construction nails is primarily driven by the rising demand from the global wood and concrete construction industries. These industries are expanding as a result of urbanization, population increase, and infrastructure-building projects. In addition, the market is anticipated to grow over the course of the forecast period due to the growing acceptance of sustainable and environmentally friendly construction practices.
The building business cannot function without construction nails. They are utilized in many different contexts, including building with wood and concrete, among others. Compared to other types of fasteners like screws and bolts, construction nails provide a number of advantages. Installation takes less time and is simpler using them. Additionally, they are more resistant to losing over time and have a higher shear strength.
Compared to other types of fasteners like screws and bolts, construction nails provide a number of advantages. Installation takes less time and is simpler using them. Additionally, they are more resistant to losing over time and have a higher shear strength. Additionally, the user has the choice to select the material based on the particular application thanks to the wide range of materials that building nails are made of, including carbon steel, stainless steel, and others.
Construction nails are fasteners that are used to join two pieces of wood or other materials together. They are available in a variety of sizes and forms depending on the need. Construction nails are made from a variety of materials, including carbon steel, stainless steel, and others. Because they are less expensive, carbon steel nails are more common, however, stainless steel nails are becoming increasingly common because of their higher corrosion resistance qualities.
Construction nail sales are expected to grow at a CAGR of 5.5% between 2021 and 2031. The Global Construction Nails Market Size was estimated at USD 2.5 billion in 2021 and is projected to reach USD 3.06 billion by 2031.
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The global wood and concrete building industries' rising demand may be the cause of this expansion. The two most common varieties of building nails on the market are carbon steel nails and stainless steel nails. Because they are less expensive, carbon steel nails are more common, however, stainless steel nails are becoming increasingly common because of their higher corrosion resistance qualities.
The high cost of building nails is anticipated to limit market growth over the course of the forecast period. The availability of substitute fastening techniques, such as screws and bolts, is also anticipated to provide a hindrance to the market's expansion. The high cost of building nails and the availability of substitute fastening methods, such as screws and bolts, present obstacles to entry into the market for construction nails. However, the market for construction nails has a promising future because of the rising demand from the global wood and concrete construction industries. The market is also predicted to grow over the course of the forecast period due to the increased acceptance of green and sustainable construction practises.
Stanley Black & Decker, Inc., Apex Tool Group, LLC, Illinois Tool Works, Allegheny Technologies Incorporated, Nucor Corporation, and Mueller Industries, Inc. are a few of the major companies active in the construction nail market. The popularity of eco-friendly and sustainable construction methods is one of the key trends gaining traction in the construction nail market. There is a growing preference for eco-friendly construction techniques and materials as people become more aware of the damaging effects of conventional construction methods on the environment. This is anticipated to increase demand for building nails over the anticipated time frame.
Segment Analysis
The carbon Steel segment forms the major portion of the market
The carbon steel nail market is anticipated to grow at a CAGR of 5.2% during the forecast period. Due to their low price and high strength, carbon steel nails are frequently used in applications for building with wood and concrete. Over the forecast period, the demand for carbon steel nails is also anticipated to be driven by the rising popularity of eco-friendly construction techniques.
Concrete construction segment to be on top
During the forecast period, the concrete construction segment is anticipated to expand at a CAGR of 5.8%. The increasing demand for infrastructure development globally is expected to cause the concrete construction segment to expand over the forecast period. Over the forecast period, it is also anticipated that the rising popularity of environmentally friendly and sustainable construction methods will increase demand for concrete construction nails.
Asia Pacific to dominate the market
The market for construction nails is expected to develop at the quickest rate in Asia Pacific, with a CAGR of 6.3%. Because of the increasing need for infrastructure development in countries like China, India, and Japan, the Asia Pacific construction nail market is predicted to expand. Over the course of the forecast period, it is also anticipated that the popularity of environmentally friendly and sustainable construction methods will increase demand for construction nails in the Asia Pacific region.
Covid-19 Impact & Market Status
The COVID-19 pandemic has benefited the construction nail industry as demand for infrastructure development has grown globally. Over the forecast period, it is also anticipated that the rising popularity of environmentally friendly and sustainable construction methods will increase demand for construction nails. However, it is anticipated that the high cost of construction nails and the availability of substitutes will restrain market growth during the forecast period.
Latest Innovations in the Global Construction Nails Market: A Snapshot
- The top producer of construction nails and fasteners, National Nail Corp., was purchased by Stanley Black & Decker, Inc. in May 2019. The company hopes that the acquisition will enable it to diversify its product portfolio in the market for building nails.
- Construction, a division of Harsco Corporation that produces fasteners and nails for construction projects, was bought by Allegheny Technologies Incorporated in September 2019.
Construction Nails Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 3.06 billion |
| Growth Rate | CAGR of 5.5% during 2021-2031 |
| Segment Covered | by Type, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Stanley Black & Decker, Inc., Apex Tool Group, LLC, Illinois Tool Works, Allegheny Technologies Incorporated, Nucor Corporation, and Mueller Industries, Inc. |
Key Segments of the Global Construction Nails Market
By Type Overview, 2021-2031 (USD Billion)
• Carbon Steel Nails,
• Stainless Steel Nails
By Application Overview, 2021-2031 (USD Billion
• Wood Construction
• Concrete Construction
By Regional Overview, 2021-2031 (USD Billion)
North America
• U.S
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and Africa
Frequently Asked Questions (FAQ) :
The global Construction Nails market size is expected to reach USD 3.06 billion in 2031.
The Construction Nails market is estimated to grow at a CAGR of 5.5%
The top leaders analyzed in the Construction Nails market study are Stanley Black & Decker, Inc., Apex Tool Group, LLC, Illinois Tool Works, Allegheny Technologies Incorporated, Nucor Corporation, and Mueller Industries, Inc.