Market Overview:
The global lag bolts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lag bolts in residential and commercial applications. Additionally, the growing construction industry is also contributing to the growth of this market. Steel and aluminum are two major types of materials used for manufacturing lag bolts. Among these, steel dominates the global market due to its high strength-to-weight ratio and corrosion resistance properties.
Product Definition:
A lag bolt is a type of wood screw with a hexagonal or square head. It is inserted into pre-drilled holes in lumber and used to fasten two pieces of wood together. Lag bolts are typically made from steel, brass, or zinc-plated steel and are available in various lengths.
Steel:
Steel is a metal and has different properties depending upon the grade. The most commonly used steel in Lag bolts industry is carbon steel, which contains iron and carbon content as per its requirement.
Low-alloy Steel (LAS) - This type of steel has less than 10% carbon content by weight, it offers high strength but low ductility & brittleness.
Aluminum:
Aluminum is a metal that is obtained from the mineral bauxite. Bauxite contains aluminum along with other minerals like potassium, iron, and magnesium. The most common way to obtain aluminum is by smelting ( Aluminum melting point: 1,FEET) it can also be obtained from its compounds such as alumina and alundum which are both used in various applications.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to the increasing construction activities across various industries, such as power, telecom and transportation. Rapid urbanization coupled with rising living standards has led to an increase in the number of households, which has resulted in a rise in demand for residential buildings across countries such as India and China over the past few years.
In addition, rapid industrialization along with technological advancements is resulting into an increased requirement for machinery and equipment across various industries including mining and construction on a global level since last few years due to automation technologies that are being implemented at a faster rate globally which will further boost industry expansion over next eight years globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in construction spending, which is likely to benefit the demand for lag bolts. In addition, rising disposable income levels and growing population are likely to drive residential construction activities across emerging economies such as India and China. This will propel product demand further.
Europe accounted for a significant share of global market revenue in 2017 owing to high investments made by governments towards infrastructural development coupled with increasing focus on renewable energy projects aimed at reducing carbon footprint associated with conventional fossil fuel based power generation systems across countries such as Germany, U.K., Italy, etc.). These factors are expected to have a positive impact on industry expansion over the next eight years or so until 2030 when compared with other regions due to saturation point reached after 8-year period post-recession (if any).
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising popularity of lag bolts in DIY projects
- Growing use of lag bolts in furniture manufacturing
- Rising demand for customized fasteners
- Technological advancements in the manufacturing process
Scope Of The Report
Report Attributes
Report Details
Report Title
Lag Bolts Market Research Report
By Type
Steel, Aluminum
By Application
Residential, Commercial
By Companies
KD FASTENERS, Masterpiece Taiwan, STL Fasteners, American Bolt & Screw, Fasteners Inc., Helix Steel Products Corporation, ASM, J.I. Morris, National Bolt & Nut Corporation, Fuji Fastener, Leland Industries, Asia Bolts Industries, Viraj, PCC Fasteners, Buckeye Fasteners Company, Schmeck Verbindungstechnik GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Lag Bolts Market Report Segments:
The global Lag Bolts market is segmented on the basis of:
Types
Steel, Aluminum
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KD FASTENERS
- Masterpiece Taiwan
- STL Fasteners
- American Bolt & Screw
- Fasteners Inc.
- Helix Steel Products Corporation
- ASM
- J.I. Morris
- National Bolt & Nut Corporation
- Fuji Fastener
- Leland Industries
- Asia Bolts Industries
- Viraj
- PCC Fasteners
- Buckeye Fasteners Company
- Schmeck Verbindungstechnik GmbH
Highlights of The Lag Bolts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel
- Aluminum
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lag Bolts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lag bolts are a type of fastener that is used to secure two pieces of wood together. Lag bolts have a threaded shank and a head with several holes in it. The lag bolt is inserted into one hole in the piece of wood, then the other piece of wood is screwed onto the lag bolt until it reaches the threads on the shank. Once both pieces are secured, you can use a wrench to turn the screws until they reach their maximum torque setting.
Some of the major players in the lag bolts market are KD FASTENERS, Masterpiece Taiwan, STL Fasteners, American Bolt & Screw, Fasteners Inc., Helix Steel Products Corporation, ASM, J.I. Morris, National Bolt & Nut Corporation, Fuji Fastener, Leland Industries, Asia Bolts Industries, Viraj, PCC Fasteners, Buckeye Fasteners Company, Schmeck Verbindungstechnik GmbH.
The lag bolts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lag Bolts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lag Bolts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lag Bolts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lag Bolts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lag Bolts Market Size & Forecast, 2018-2028
4.5.1 Lag Bolts Market Size and Y-o-Y Growth
4.5.2 Lag Bolts Market Absolute $ Opportunity
Chapter 5 Global Lag Bolts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lag Bolts Market Size Forecast by Type
5.2.1 Steel
5.2.2 Aluminum
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lag Bolts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lag Bolts Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lag Bolts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lag Bolts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lag Bolts Analysis and Forecast
9.1 Introduction
9.2 North America Lag Bolts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lag Bolts Market Size Forecast by Type
9.6.1 Steel
9.6.2 Aluminum
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lag Bolts Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lag Bolts Analysis and Forecast
10.1 Introduction
10.2 Europe Lag Bolts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lag Bolts Market Size Forecast by Type
10.6.1 Steel
10.6.2 Aluminum
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lag Bolts Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lag Bolts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lag Bolts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lag Bolts Market Size Forecast by Type
11.6.1 Steel
11.6.2 Aluminum
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lag Bolts Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lag Bolts Analysis and Forecast
12.1 Introduction
12.2 Latin America Lag Bolts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lag Bolts Market Size Forecast by Type
12.6.1 Steel
12.6.2 Aluminum
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lag Bolts Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lag Bolts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lag Bolts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lag Bolts Market Size Forecast by Type
13.6.1 Steel
13.6.2 Aluminum
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lag Bolts Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lag Bolts Market: Competitive Dashboard
14.2 Global Lag Bolts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KD FASTENERS
14.3.2 Masterpiece Taiwan
14.3.3 STL Fasteners
14.3.4 American Bolt & Screw
14.3.5 Fasteners Inc.
14.3.6 Helix Steel Products Corporation
14.3.7 ASM
14.3.8 J.I. Morris
14.3.9 National Bolt & Nut Corporation
14.3.10 Fuji Fastener
14.3.11 Leland Industries
14.3.12 Asia Bolts Industries
14.3.13 Viraj
14.3.14 PCC Fasteners
14.3.15 Buckeye Fasteners Company
14.3.16 Schmeck Verbindungstechnik GmbH
