Self-drilling Screws Market Size, Share & Trend Analysis Report By Material (Stainless Steel, Carbon Steel), By End-use (Residential, Industrial), By Region, And Segment Forecasts, 2023 - 2030

Self-drilling Screws Market Size & Trends

The global self-drilling screws market was estimated to be at USD 747.8 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The growth of the market can be attributed to the flourishing global construction industry owing to increasing public and private investments in the development of new infrastructures, residential spaces, and commercial spaces in India, China, and Mexico. The construction sector is a key consumer of these screws and is further gaining momentum owing to their ease of installation.

Several factors influence the growth and dynamics of the market for self-drilling screws in the U.S. The construction industry is thriving, with continuing residential, commercial, and infrastructural projects generating demand for self-drilling screws in several construction applications. The production of the residential construction sector will increase over the forecast period due to the government's efforts to create affordable housing units to alleviate the present housing gap of more than 6 million houses.

In January 2023, PulteGroup, Inc., an American residential home-construction company, announced Addison Square in Fort Myers. Pulte paid around USD 2.5 million for the land, with plans to build approximately 50 single-family homes on the 17-acre parcel. This is expected to create demand for self-drilling screws in the project, boosting the market growth. Furthermore, the growing emphasis on environmentally friendly and sustainable construction processes is expected to propel the demand for stainless steel self-drilling screws in the country.

Furthermore, the development in R&D and investments in the construction industry are predicted to have a positive impact on the U.S. market. The increasing number of large-scale infrastructure projects, such as hospitals and hotels in Missouri, New York, and Los Angeles, is likely to propel the growth of the construction industry and drive the demand for self-drilling screws in the U.S. in the upcoming years.

Material Insights

Based on material, stainless steel dominated the self-drilling screws market in 2022 by accounting for a revenue share of 65.5% of the market in the same year. Mainly 300 series, 410 series, and Bi-metal stainless steel grades are used for self-drilling screws production. The material offers durability, high corrosion resistance, and strength, which makes it ideal for manufacturing self-drilling screws.

Self-drilling stainless steel screws are fasteners that are extensively used in the buildings and construction industries. The flourishing global construction industry is a major driver for the growth of the market, as these are commonly used in metal roofing, siding, and framing applications. Ongoing infrastructure development projects related to bridges, highways, airports, and utilities are contributing to the demand for stainless steel self-drilling screws.

This, in turn, leads to the growth of this segment of the market worldwide. Stainless steel self-drilling screws are widely used in sheet metal fabrication and machinery production processes. The increasing focus of government on infrastructure development projects, particularly in Asia Pacific, is projected to drive the consumption of carbon steel self-drilling screws in the coming years. These are used in frames, pipelines, fences, gates, etc., as well as in a variety of structural sections.

Moreover, the rising number of projects being carried out by governments of different countries to replace aging bridges, building structures, and transportation infrastructure is expected to fuel the demand for carbon steel worldwide. Carbon steel self-drilling screws are also used in the shipbuilding, construction, automotive, and energy generation industries. They are employed in different types of machinery, appliances, and material handling equipment owing to their superior mechanical characteristics and low costs.

In the construction industry, zinc-plated carbon steel self-drilling screws are commonly utilized in structural components, roofs, etc. as fasteners owing to their increased corrosion resistance, versatility, durability, and cost-effectiveness. The flourishing construction industry, particularly in emerging economies, fuels the usage of zinc-plated carbon steel self-drilling screws in load-bearing structures and frames owing to their high strength.

Coated carbon steel self-drilling screws have a protective coating applied to them that protects them against rust and corrosion, making them highly resistant to wear and tear. The surging use of these screws in metal roofs, sides, and frames, as well as in structural components, drywall installations, decks, window and door installations, renovation and retrofit applications, metal stud frames, fastening accessories, and green buildings, fuels the growth of this segment of the market across the world.

Regional Insights

The Asia Pacific region is expected to grow at a 5.8% CAGR over the forecast period, due to the rising per capita income, rapid urbanization, and expanding population. The countries in 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 several construction sectors.

In emerging economies, the government makes sincere efforts to develop infrastructure such as hospitals, education hubs, commercial centers, and residential complexes. These factors coupled with the increasing population are expected to drive the demand for the product in the region. Moreover, the region is one of the largest consumers of self-drilling screws in the world. Factors such as increasing investment in affordable housing, smart city construction, upgradation and construction of infrastructure, and investment in the tourism sector are expected to boost the demand over the forecast period.

North America accounted for 22.5% of the global revenue share in 2022. It is one of the prominent regional markets for self-drilling screws owing to increasing renovation and refurbishment activities to maintain the structural integrity of buildings and ensure the safety of residents in developed economies such as the U.S. and Canada. Growing construction activities in developing economies such as Mexico is the key factor driving the adoption of self-drilling screws. Builders 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 self-drilling screws in the construction sector.

The adoption of self-drilling screws is expected to be driven by their several uses across residential and commercial construction applications including countertops, stone tiles, and steel decks. They are used to attach objects to concrete surfaces in masonry construction. The rising luxury residential and construction activities are expected to propel the demand for self-drilling screws, propelling the market growth.

The Europe market for self-drilling screws was valued at USD 238.5 million in 2022. The market in Europe has been experiencing significant growth in recent years. Several European countries, including the UK, Germany, Italy, France, and Spain are major consumers of self-drilling screws. The region has many established players serving the construction and furniture industries. This increases the demand for self-drilling screws in the European region.

End-use Insights

In terms of revenue, the residential end-use segment accounted for USD 279.8 million in 2022 and is expected to witness a CAGR of 5.2% over the forecast period. The residential sub-segment is inclusive of residential buildings, apartments, complexes, and small houses. The growth in the number of single-family houses in developing and developed economies such as China, India, and the U.S. is resulting in the growth of residential end-use.

The commercial end-use segment is anticipated to grow at a CAGR of 5.5% in terms of revenue over the forecast period. This growth can be attributed to the rising demand for commercial spaces such as offices, warehouses, hotels & restaurants, shopping malls, and supermarkets. Self-drilling screws are highly adopted in commercial construction as they possess various required characteristics including time-saving, cost-saving, ease in installation, reduction in the cracking of structure, and weather resistance. Therefore, the growing construction of commercial spaces across the world is expected to result in increased demand for self-drilling screws over the coming years.

Key Companies & Market Share Insights

The self-drilling screws industry is considered highly competitive due to the presence of many large-scale manufacturers functioning at a regional or global level. To have a competitive advantage, companies are continuously investing in various strategies such as expansions, product launches, collaborations, mergers & acquisitions, and research & development. The players are expanding their distribution facilities to cater to a larger consumer base. For instance, in July 2018, BDN Fasteners set up its sales office in Uttar Pradesh, India, to introduce its products in India.

Self-drilling Screws Market Report Scope

Global Self-drilling Screws Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the self-drilling screws market report based on material, end-use, and region:

• Materials Outlook (Volume, Million Pounds; Revenue, USD Million, 2018 - 2030)

  • Stainless Steel

    • 300 Series Stainless Steel

    • 410 Stainless Steel

    • Bimetal Stainless Steel

  • Carbon Steel

    • Zinc Plated

    • Coated

  • Others

• End-use Outlook (Volume, Million Pounds; Revenue, USD Million, 2018 - 2030)

  • Residential

  • Commercial

  • Industrial

  • Infrastructure

• Region Outlook (Volume, Million Pounds; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Central & South America

    • Brazil

    • Chile

    • Argentina

  • Middle East & Africa

    • UAE

    • Saudi Arabia