Collated Screws Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast
2022 - 2030
Collated Screws Market Growth & Trends
The global collated screws market size is expected to reach USD 692.8 million by 2030 and is expected to register a CAGR of 4.3% from 2022 to 2030. This growth is attributed to the growing government spending in infrastructural development and construction sector. The growing demand for furniture in commercial and residential sectors also significantly contributes to the growth of collated screws in the market. In furniture industry, collated screws are used to assemble furniture parts of ready to assemble furniture.
Globally, there is a growing need for home office furniture owing to the changing lifestyle and working style. In the present family and business environments, home offices are quite important. People primarily use various furniture items in their homes and commercial buildings. During the projected period, the market for collated screws is anticipated to increase as a result of the rising demand for furniture that is ready to assemble.
Collated screws, which are utilized in construction industry, offer greater fastening with less torque and time. Construction related collated screws are used for drywall applications as these have a roll of plastic tape affixed to them at the head. To speed up screw installation into the drywall for more effective construction fastening, the tape flows into screw guns.
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Ongoing urbanization, growing population, and rising consumer disposable income in developed, as well as developing countries are expected to fuel the growth of the global construction industry. This, in turn, is anticipated to fuel the demand for collated screws used in this industry, thereby fueling the overall growth of the market. Moreover, the improving standard of living of the masses in urban areas has resulted in increased spending on furniture and interior designs used in commercial and residential spaces. This, in turn, is anticipated to fuel the growth of the market for collated screws in the coming years.
Collated Screws Market Report Highlights
The construction segment accounted for the largest market share in 2021 and is further expected to grow at a CAGR of 4.2% on account of surging investments by governments of different countries in their respective construction industry
The collated drywall screws segment is forecasted to witness a CAGR of 3.8% by 2030. The market is again forecasted to grow due to increasing use of drywall in construction applications as they are fire resistant, easier to repair, and less expensive than plasters
The new-construction segment dominated the construction market with a revenue share of USD 235.1 million in 2021. This is attributed to the increasing use of drywall in new outdoor and indoor construction projects
The demand for collated screws in the European region dominated the global market as the furniture industry in the region is rapidly growing both in terms of production and trade values
Asia Pacific region has a significant market share in the consumption of collated screws owing to the growing construction in developing countries like China, India, and South Korea. The rapidly growing awareness about newer techniques such as use of drywalls to replace conventional plasters in construction and infrastructural development is creating new opportunities for market players
Collated Screws Market Segmentation
GrandViewResearchhassegmentedtheglobalcollatedscrewsmarketonthebasisof product,application,andregion:
Collated Screws Product Outlook (Revenue, USD Million, 2021 2030)
CollatedDrywallScrews
CollatedChipboardScrews
CollatedSelf DrillingScrews
CollatedSub FloorScrews
CollatedDeckScrews
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Collated Screws Application Outlook (Revenue, USD Million, 2021 2030)
Construction o NewConstruction o Repair&Remodeling
Furniture
Others
Collated Screws Regional Outlook (Revenue, USD Million, 2021 2030)
NorthAmerica o U.S. o Canada o Mexico
Europe o Germany o France o Italy o U.K. o Russia
AsiaPacific o China o India o Japan o Australia
MiddleEast&Africa o SaudiArabia
o Egypt o SouthAfrica
Central&SouthAmerica o Brazil o Argentina
List of Key Players of Collated Screws Market
TriangleFastenerCorp
Grip Rite(PrimeSourceBuilding
Beck
TaiwanScrewsDept.
CAMOFasteners
SimpsonStrong Tie
KYOCERASENCO
MahabaliSteel
Zen YoungIndustrialCo.,Ltd.
HiltiInc.
MuroNorthAmericaInc.
FastenMaster
GrabberConstructionProducts
HTP
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