Self-Drilling Screws Market Size Worth $ 1.25 Billion By 2032 | CAGR: 5.3%

The global self-drilling screws market size is expected to reach USD 1.25 billion by 2032, according to a new study by Polaris Market Research. The report “Self-Drilling Screws Market Share, Size, Trends, Industry Analysis Report, By Material (Stainless Steel, Carbon Steel, Others), By End-use (Residential, Industrial), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

As the construction sector experiences significant growth globally, there is an increased demand for fast and efficient solutions in the building process. Self-drilling screws fulfil this demand by offering a streamlined installation process. Their design eliminates the need for pre-drilling, allowing for quicker and more straightforward installation compared to traditional screws. This efficiency in installation not only saves time but also contributes to overall cost-effectiveness in construction projects.

Moreover, the versatility of self-drilling screws makes them well-suited for various applications within the construction industry, including metal roofing, siding, framing, and other structural components. Their ability to penetrate and secure materials without the need for pre-drilling enhances their appeal in construction projects of varying scales.

The global construction industry is experiencing substantial growth due to increasing investments from both public and private sectors in infrastructure development related to transportation, residential spaces, and commercial buildings. The construction boom is driven by factors such as a growing global population, an increase in per capita income, & ongoing urbanization. These trends are contributing to the construction of both residential and non-residential spaces on a global scale.

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Oxford Economics reported that the global construction industry's total output was USD 10.7 trillion in 2020, and it is forecasted to grow by approximately 42% in the forthcoming years, reaching an estimated size of USD 15.2 trillion by 2030. According to data from the U.S. Census Bureau, construction spending in the United States reached a seasonally adjusted annual rate (SAAR) of USD 1,844.1 billion in February 2023, indicating a 5.2% increase compared to the SAAR of USD 1,753.1 billion recorded in February 2022. The construction spending rate is anticipated to continue rising in the future, thereby contributing to an increased demand for self-drilling screws in the U.S. from 2023 to 2030.

Furthermore, there is a growing trend in countries worldwide towards increased use of wood in construction applications, driven by the emphasis on creating sustainable and environmentally friendly buildings. The adoption of wood in construction is cost-effective and leads to minimal carbon emissions. Additionally, wood's lightweight nature makes it easier to transport and handle compared to materials like concrete and bricks. The simplicity of wood processing contributes to the production of low-cost products, thereby reducing the overall budget of construction projects globally.

Self-Drilling Screws Market Report Highlights

• Stainless steel segment dominated the market, as they are predominantly being used in the building & construction activities
• Residential segment accounted for the largest share, owing to rise in construction of single-family homes in emerging nations
• Asia Pacific is expected to dominated the market, owing to rising need for affordable housing, development of smart cities, & special economic zones
• The key market players include SLG Fasteners, EJOT, Ford Fasteners, MF FASTENER, Hilti, Dewalt, SANN MUO, BDN Fasteners & Prince Fastener

Polaris Market Research has segmented the self-drilling screws market report based on material, end use, and region:

Self-Drilling Screws, Material Outlook (Revenue - USD Billion, 2019 - 2032)

• Stainless Steel
  • 300 Series Stainless Steel
  • 410 Stainless Steel
  • Bimetal Stainless Steel
• Carbon Steel
  • Zinc Plated
  • Coated
• Others

Self-Drilling Screws, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Residential
• Commercial
• Industrial

Self-Drilling Screws, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Self-Drilling Screws Market Report Scope