Collated Screws Market Size, Share & Trends Analysis Report By Product Type (Collated Drywall Screws, Collated Chipboard Screws, Collated Self-Drilling Screws), By Application, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global collated screws market size was estimated at USD 482.8 million in 2021 and is expected to register a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. This growth is attributed to the growing investments in the construction sector and infrastructural development in developing countries across the world. The fast-paced infrastructural development owing to the growing population in developing countries further contributes to the increasing use of collated screws in the market. Moreover, the growing disposable income and increased purchasing power have resulted in increased investments in modified furniture, which is also propelling the growth of collated screws industry.

In the 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.

Smart and versatile furniture is becoming more and more necessary as urbanization increases in both developed and developing nations. The furniture industry is posing an increased demand for office home furniture, which is significantly influenced by the expanding construction industry. In addition, consumers are looking for products that will make working from home more accessible, comfortable, and productive. Therefore, furniture designers are concentrating on creating pieces that are more comfortable and efficiently reduce tension.

Product Insights

The collated drywall screws led the market and accounted for the largest revenue share of 38.7% in 2021. These are available in different head styles, lengths, and diameters. Collated drywall screws ease the process of installing drywall, as these take lesser time in comparison to non-collated ones.

The demand for drywall is increasing in construction and infrastructural development on account of fast pace urbanization and increasing population in developing countries. Drywalls help in finishing the construction faster and are more stable as compared to plasters. Conclusively, as the use of dry wall increases in construction projects, the market for collated drywall screws is also expected to grow over the coming years.

Collated sub-floor screws account for a significant market share in 2021 and the segment is further forecasted to reach 26.8% of the total revenue share in 2030. The subfloor acts as a base for the finished flooring and is mainly made up of oriented strand board panels or plywood. Collated screws are the major fasteners used to put together sub-floors as they are capable of providing torque that is absent in nails.

The collated deck screws segment is forecasted to witness a CAGR of 5.0% over the coming years. This growth is due to the flourishing construction industry in developing countries for modifying residential and hospitality buildings with decks to improve their aesthetics. The increasing consumer income has led to shifting consumer desires and increased spending on home renovations. Collated screws have high demand in North America as the spending on backyard decks in sub-urban areas in the U.S. and Canada is high.

Application Insights

The construction segment led the market and accounted for the largest revenue share of 70.7% in 2021. The flourishing commercial, residential, non-residential, and retail sectors worldwide are driving the growth of collated screws market. Surging investments by governments of different countries in their respective construction industry are expected to lead to a rise in global construction activities. 

Collated screws find their best application in the new construction project and repair and remodeling of existing construction products. An update to the single screw system and collated screws provide cost-effectiveness as they significantly reduce the time and effort required to plant themselves in the targeted point. It also imparts efficiency and aesthetic looks after being planted.

The growth of the new-construction segment of the market can be attributed to the ease of use offered by collated screws in new outdoor and indoor construction projects. In the construction industry, collated screws are frequently used with drywall. They are rolled in plastic tape at their head. These tapes are fed into screw guns for the fast installation of screws into drywalls, as well as for highly effective construction fastening.

Repairing and remodeling from residential construction, commercial, and light industrial, do-it-yourself, and remodeling industries are expected to gain momentum during the forecasted period. The repair and remodel segment accounted for a share of 31.1% of the construction application of collated screws market in 2021. This segment is projected to reach USD 165.1 million by 2030.

Regional Insights

Europe dominated the market and accounted for a revenue share of 45.2% in 2021. The region has well-established construction and furniture industries owing to the presence of extensive investors. Europe is important to the global furniture industry, both in terms of production and trade values. The headquarters of some of the biggest and most significant international businesses are in Europe, which continues to be the second-largest region in the world for furniture manufacturing. This is expected to fuel the growth of the collated screws market in the region.

Increasing renovation and refurbishment activities to maintain the structural integrity of buildings and ensure the safety of the residents have triggered many redevelopment projects in developed countries in North America. Builders around the world are now opting for construction components that are easier to install and less time-consuming, such as drywalls instead of plasters. This is triggering the growth of the collated screws market in the construction sector.

Asia Pacific is one of the most lucrative destinations for construction, furniture, and automotive manufacturers owing to the presence of key manufacturers in the major economies including China, India, South Korea, and Japan. The countries in the Asia Pacific are experiencing rising investments from governments as well as foreign investors. The majority of the companies have their manufacturing bases set up in this region, which is further contributing to the expansion of the construction and infrastructure sectors. As the construction sector grows, the demand for collated screws in residential and commercial buildings is expected to grow over the coming years.

Key Companies & Market Share Insights

The market is characterized by the presence of a large number of players, with established players leading the market trends. The majority of these companies focus on forward integration by providing their products directly to end-users across different industry verticals. Some of these companies also use an established distribution and sales network to connect with their customers across regions easily.

The market is intensely competitive owing to the low-scale product differentiation in the market. Moreover, new players require a high-scale capital investment to enter the market, which restricts the entry of new players. Also, the manufacturers maintain long-term trade agreements with raw material manufacturers and suppliers, to ensure a consistent supply. Some of the prominent players in the collated screws market include:

• Triangle Fastener Corp

• Grip-Rite (PrimeSource Building

• Beck

• Taiwan Screws Dept.

• CAMO Fasteners

• Simpson Strong-Tie

• KYOCERA SENCO

• Mahabali Steel

• Zen-Young Industrial Co., Ltd.

• Hilti Inc.

• Muro North America Inc.

• FastenMaster

• Grabber Construction Products

• Metabo HTP 

Collated Screws Market Report Scope

Global Collated Screws Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For the purpose of this study, Grand View Research has segmented the global collated screws market report on the basis of product, application, and region:

• Collated Screws Product Outlook (Revenue, USD Million, 2021 - 2030)

  • Collated Drywall Screws

  • Collated Chipboard Screws

  • Collated Self-Drilling Screws

  • Collated Sub-Floor Screws

  • Collated Deck Screws

• Collated Screws Application Outlook (Revenue, USD Million, 2021 - 2030)

  • Construction

    • New Construction

    • Repair & Remodeling

  • Furniture

  • Others

• Collated Screws Regional Outlook (Revenue, USD Million, 2021 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • U.K.

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Middle East & Africa

    • Saudi Arabia

    • Egypt

    • South Africa

  • Central & South America

    • Brazil

    • Argentina