Market Overview:
The global lag screws 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 screws in various applications, such as crafts, construction, and others. In terms of type, the stainless steel lag screws segment is expected to lead the global market during the forecast period. This can be attributed to their high corrosion resistance and durability properties. In terms of region, North America is expected to lead the global market during the forecast period owing to rising demand from end-use industries such as construction and automotive.
Product Definition:
Lag screws are screws that have a large, flat head and a long shank. They are used to fasten heavy objects to wood. The shank of the screw is threaded so that it can be screwed into the wood, and the head is large enough so that it can be gripped with a wrench or pliers. Lag screws are often used to fasten beams or joists to wooden posts or walls.
Stainless Steel Lag Screws:
Stainless steel lag screws are used in woodworking applications to provide additional support for Lag bolts. They have a larger head than normal bolts, which allows them to go through the wood easier and into the timber more securely. The longer body of these screws helps prevent splitting of wooden boards when they are being tightened.
The stainless steel lag screw is a versatile tool that can be used in various construction projects such as decking, fencing, renovation or repair work on buildings.
Hot Dipped Galvanized Lag Screws:
Hot-dipped galvanized lag screws are manufactured with high quality raw materials and have excellent corrosion resistance properties. These products are widely used in the construction industry for fastening of roofing tiles, metal sheets, and others on buildings. The product is available in different sizes as per requirements which makes them easy to install.
The global hot-dipped galvanized lag screw market size was valued at USD 537.1 million in 2015.
Application Insights:
The construction segment accounted for the largest share in 2015 and is expected to continue its dominance over the forecast period. The rising demand for steel from various infrastructure projects including bridges, buildings, etc. will drive the market growth over the forecast period. In addition, increasing urbanization in developing countries such as India and China will augment demand further driving industry growth during next eight years.
The others application segment includes industrial machinery & equipment manufacturing industries which use lag screws to fix heavy machinery components such as motors.
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 lag screw industry. In addition, rising demand for industrial equipment and machinery is anticipated to drive product demand over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high craft production as well as construction activities across countries such as Germany, U.K., Italy, France among others are likely to support regional growth during the estimated period. Moreover European government initiatives such as Horizon 2020 Research & Innovation program initiated by EU are focusing on developing new materials with superior properties than steel including corrosion resistance at low cost which will fuel industry expansion over next eight years (2021-2030).
North America was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from construction and engineering sectors for lag screws as anchoring fasteners
- Rising popularity of composite materials in various end-use industries, which is expected to boost the demand for lag screws over the forecast period
- Growing use of lag screws in automotive applications on account of their high tensile strength and corrosion resistance properties
- Technological advancements in manufacturing processes that have resulted in the development of advanced types of lag screws such as self-tapping and self-drilling varieties
- Stringent government regulations pertaining to safety standards across various industries are likely to fuel the demand for high qualitylag screws over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Lag Screws Market Research Report
By Type
Stainless Steel Lag Screws, Hot Dipped Galvanized Lag Screws, Alloy Steel Lag Screws, Others
By Application
Crafts, Construction, Others
By Companies
Portland Bolt, Chicago Nut & Bolt, Associated Fastening Products, Hillman, National Bolt&Nut Corporation, Shehkai Precision, LH Dottie, Monroe, U.S. Industrial Fasteners, Triangle Fastener
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Lag Screws Market Report Segments:
The global Lag Screws market is segmented on the basis of:
Types
Stainless Steel Lag Screws, Hot Dipped Galvanized Lag Screws, Alloy Steel Lag Screws, Others
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
Crafts, Construction, Others
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:
- Portland Bolt
- Chicago Nut & Bolt
- Associated Fastening Products
- Hillman
- National Bolt&Nut Corporation
- Shehkai Precision
- LH Dottie
- Monroe
- U.S. Industrial Fasteners
- Triangle Fastener
Highlights of The Lag Screws 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:
- Stainless Steel Lag Screws
- Hot Dipped Galvanized Lag Screws
- Alloy Steel Lag Screws
- Others
- By Application:
- Crafts
- Construction
- Others
- 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 Screws 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 screws are a type of screw that is used to secure objects together. They have a hexagonal head and are inserted into the material being screwed together. When turned, they create friction which holds the object in place.
Some of the key players operating in the lag screws market are Portland Bolt, Chicago Nut & Bolt, Associated Fastening Products, Hillman, National Bolt&Nut Corporation, Shehkai Precision, LH Dottie, Monroe, U.S. Industrial Fasteners, Triangle Fastener.
The lag screws market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lag Screws Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lag Screws Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lag Screws Market - Supply Chain
4.5. Global Lag Screws Market Forecast
4.5.1. Lag Screws Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lag Screws Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lag Screws Market Absolute $ Opportunity
5. Global Lag Screws Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lag Screws Market Size and Volume Forecast by Type
5.3.1. Stainless Steel Lag Screws
5.3.2. Hot Dipped Galvanized Lag Screws
5.3.3. Alloy Steel Lag Screws
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lag Screws Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lag Screws Market Size and Volume Forecast by Application
6.3.1. Crafts
6.3.2. Construction
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lag Screws Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lag Screws Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lag Screws Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lag Screws Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lag Screws Demand Share Forecast, 2019-2026
9. North America Lag Screws Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lag Screws Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lag Screws Market Size and Volume Forecast by Application
9.4.1. Crafts
9.4.2. Construction
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lag Screws Market Size and Volume Forecast by Type
9.7.1. Stainless Steel Lag Screws
9.7.2. Hot Dipped Galvanized Lag Screws
9.7.3. Alloy Steel Lag Screws
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lag Screws Demand Share Forecast, 2019-2026
10. Latin America Lag Screws Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lag Screws Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lag Screws Market Size and Volume Forecast by Application
10.4.1. Crafts
10.4.2. Construction
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lag Screws Market Size and Volume Forecast by Type
10.7.1. Stainless Steel Lag Screws
10.7.2. Hot Dipped Galvanized Lag Screws
10.7.3. Alloy Steel Lag Screws
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lag Screws Demand Share Forecast, 2019-2026
11. Europe Lag Screws Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lag Screws Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lag Screws Market Size and Volume Forecast by Application
11.4.1. Crafts
11.4.2. Construction
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lag Screws Market Size and Volume Forecast by Type
11.7.1. Stainless Steel Lag Screws
11.7.2. Hot Dipped Galvanized Lag Screws
11.7.3. Alloy Steel Lag Screws
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lag Screws Demand Share, 2019-2026
12. Asia Pacific Lag Screws Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lag Screws Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lag Screws Market Size and Volume Forecast by Application
12.4.1. Crafts
12.4.2. Construction
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lag Screws Market Size and Volume Forecast by Type
12.7.1. Stainless Steel Lag Screws
12.7.2. Hot Dipped Galvanized Lag Screws
12.7.3. Alloy Steel Lag Screws
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lag Screws Demand Share, 2019-2026
13. Middle East & Africa Lag Screws Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lag Screws Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lag Screws Market Size and Volume Forecast by Application
13.4.1. Crafts
13.4.2. Construction
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lag Screws Market Size and Volume Forecast by Type
13.7.1. Stainless Steel Lag Screws
13.7.2. Hot Dipped Galvanized Lag Screws
13.7.3. Alloy Steel Lag Screws
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lag Screws Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lag Screws Market: Market Share Analysis
14.2. Lag Screws Distributors and Customers
14.3. Lag Screws Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Portland Bolt
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chicago Nut & Bolt
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Associated Fastening Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hillman
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. National Bolt&Nut Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shehkai Precision
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LH Dottie
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Monroe
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. U.S. Industrial Fasteners
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Triangle Fastener
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
