Drywall Screws Market Size, Share, Growth and Industry Analysis By Type (Coarse Threads and Fine Threads) By Application (The Connection of Gypsum Board and Wooden Keel and The Connection of Gypsum Board and Metal Keel), Regional Insights, and Forecast From 2022 To 2030

Updated On: 08 May 2023

drywall screws market REPORT OVERVIEW

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The global drywall screws market size was USD 2562.1 million in 2021 and is forecast to a readjusted size of USD 3668.9 million by 2028 and market is projected to exhibit a CAGR of 5.3% during the forecast period.

Drywall screws are specialized screws equipped with a bugle head that is used to repair nail pops, repair squeaky doors and fix furnishing. Increasing demand for high-quality furnishings is expected to boost the market growth. They are used to fix boards together without damaging the furniture and holds furniture together strongly. They are lightweight and stronger as compared to normal wood screws and provide excellent resistance against harsh environmental conditions. The screws provide excellent grip and tensile strength, which, in turn, may boost their demand. 

The screws are extensively used in the production of home furnishing solutions. They hold together furniture and mounted electronics effectively and provide excellent reliability. The screws are used in several household applications such as fixing doors, holding washing basin, TV, and speaker stands together effectively. Their resistance and tensile strength are expected to hold stands effectively. These factors are likely to boost the drywall screws market progress. 

COVID-19 Impact: Raw Material Shortage and Manufacturing Restrictions to Impede Market Growth

The COVID-19 pandemic negatively affected several markets globally. Increasing COVID-19 infections have led to the halt of manufacturing activities, which, in turn, has led to disruptions in the supply chain. The lack of demand and stock shortage has resulted in the closure of several companies. Further, restrictions imposed on travel have led to the lack of raw materials for the production of screws. However, lockdown relaxations have led to the resumption of production activities. Manufacturers adopt strategies such as reduced capacities, part-time shifts, and the adoption of advanced production machinery to recover losses and improve sales. 

LATEST TRENDS

"Increasing Adoption in Home-Furnishing to Propel Market Progress"

Drywall screws are used extensively in several home furnishings and storage because of their strength and grip. Evolving lifestyle and increased spending capacity lead to the adoption of high-quality home furnishing and household facilities. The rising demand for aesthetically appealing architecture is expected to boost demand for strong and effective components. The screws hold washbasins, TV stands, and wall furniture. They possess a longer lifespan and are extremely resistant to several damages. They are used to fix door hinges and prevent squeaking. They are extremely reliable and have minimal impact on walls. They are easily fixable and prevent complications such as bends and rust. Increasing investments in the development of home care solutions are expected to boost the product's demand. 

The screws are used for several residential and commercial purposes because of their benefits and convenience. These factors are likely to propel the drywall screws market development.  

drywall screws market Segmentation

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• By Type Analysis

By type, the market is segmented into coarse threads and fine threads. 

The fine threads segment is likely to lead the market because of its strength and resistance against damages. They can hold heavy objects effectively and provide greater protection against damage. Fine thread screws can be installed easily and possess precise edge cutting. These factors are likely to propel market progress. 

• By Application Analysis

By application, the market is classified into the connection of gypsum board and wooden keel and the connection of gypsum board and metal keel. 

The connection of gypsum board and metal keel segment is expected to lead the market because of its strength, grip, and resistance to damages. Further, metal keels are used extensively to install washing basins, taps, wall installed décor/furnishing, and others. These factors are likely to propel market progress.

DRIVING FACTORS

"Rising Demand from Construction Sectors to Propel Market Progress"

Drywall screws demand is increasing rapidly in several household applications because of their strength and longer lifespan. Increased demand for excellent and aesthetically appealing construction projects is expected to boost its demand. The incorporation of several high-quality materials is expected to boost the product's demand. Evolving lifestyles and the emergence of several construction projects are expected to boost the demand for high-quality furnishing. They easily connect wall furnishing and decorations to the wall with minimal drilling damage. They provide excellent grip and tensile strength and are extremely resistant to bends, rust, or other damages. They possess excellent weather resistance and provide excellent resistance against damages. These factors are likely to propel the drywall screws market progress. 

"Easy Installation and Adoption of Online Retail to Drive Industry Growth"

Drywall screws can be installed easily without additional pressure and prevent damages caused by drilling. Its black-colored end boosts furniture's aesthetic appeal and possesses excellent resistance against wear and tear. Manufacturers aim at providing strong products that provide excellent grip and hold furniture effectively. The screws can be installed easily without hassles or damages and can be installed effectively. The screws possess excellent penetration through hard surfaces and precisely hold wall installable furniture and other household products. Further, manufacturers incorporate online retail methods to reach a wider audience and improve their sales drastically. These factors are likely to drive the drywall screws market growth.

RESTRAINING FACTORS

"Higher Prices and Lack of Availability to Impede Market Progress"

Drywall screws' higher prices are likely to impede its sales from the small construction and furnishing industries. Small manufacturers opt for alternative and cheaper alternatives to boost their product's sales, which, in turn, may hinder market progress. Additionally, the lack of stock availability during the pandemic is expected to hamper the market growth. 

drywall screws market REGIONAL INSIGHTS

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"Evolving Consumer Lifestyle and Presence of Several Industries to Fuel Growth in Asia-Pacific"

Regionally, the market is grouped into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. 

Asia-Pacific is expected to dominate the drywall screws market share because of the evolving consumer lifestyle. Drywall screws are used extensively in home furnishing and fittings because of the emergence of several residential and commercial construction projects. Further, the presence of several industries and manufacturing plants is expected to fuel the screw's demand. These factors are likely to propel market growth. 

North America is the second-largest market shareholder because of rapid development in the construction and industrial sectors. The rising demand for aesthetically appealing furnishing in construction projects is expected to boost drywall screws adoption. These factors are likely to fuel market progress. 

In Europe, the presence of several manufacturing industries is expected to boost the product's sales. The adoption of strong fine thread solutions for household applications such as wall furnishing and bathrooms is expected to boost the market growth. 

KEY INDUSTRY PLAYERS

"Companies Invest Heavily in Research and Development to Reinforce Brand Image"

The prominent companies operating in the market invest heavily in research and development to improve their product's quality, satisfy consumer's requirements and improve their brand image. It enables them to incorporate better alloys and materials to boost the screw's effectiveness. Further, the incorporation of technologically advanced production techniques to improve product quality, reduce labor costs, and time-consuming, improve operational efficiency, and enable businesses to satisfy their organizational goals. In addition, the incorporation of expansion strategies enables companies to set up their manufacturing facilities globally and boost their reach. 

List of Market Players Profiled

• Grip-Rite
• The Hillman
• Würth Group
• SENCO
• Katsuhana Fasteners
• Triangle Fastener
• National Nail
• H. PAULIN
• ZYH YIN
• Fu Yeh
• Pan American Screw
• LUMEIJIA

REPORT COVERAGE

This report offers an analysis regarding the leading segments and latest market trends. It comprehensively discusses the impact of COVID-19 and the driving and restraining factors. It observes the regional developments and the strategies devised by the market's prominent players. It informs readers about the trends and the strategies that are responsible for the industry's growth.