Saudi Arabia Self-drilling Screws Market Size & Outlook
Saudi Arabia self-drilling screws market, 2018-2030 (US$M)
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Saudi Arabia self-drilling screws market highlights
- The Saudi Arabia self-drilling screws market generated a revenue of USD 7.7 million in 2022 and is expected to reach USD 11.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, stainless steel was the largest revenue generating material in 2022.
- Stainless Steel is the most lucrative material segment registering the fastest growth during the forecast period.
Self-drilling screws market data book summary
| Market revenue in 2022 | USD 7.7 million |
| Market revenue in 2030 | USD 11.2 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Stainless Steel |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stainless Steel, Carbon Steel, Other Materials |
| Key market players worldwide | EJOT, Hilti Group, DeWalt, Illinois Tool Works Inc, Landmark Worldwide |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.0% of the global self-drilling screws market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia self-drilling screws market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 11.2 million by 2030.
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Self-drilling Screws Market Scope
Self-drilling Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia self-drilling screws market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to self-drilling screws market will help companies and investors design strategic landscapes.
Stainless steel was the largest segment with a revenue share of 68.83% in 2022. Horizon Databook has segmented the Saudi Arabia self-drilling screws market based on stainless steel, carbon steel, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is expected to account for a significant share of the Middle East & Africa self-drilling screws market owing to continued investment by the government in infrastructure projects. In October 2021, the country announced that it is going to invest over USD 1 trillion in the tourism sector over the next 10 years, which is expected to propel construction activities in hospitality and retail industries.
This is projected to have a positive impact on the self-drilling screws market in the country. The Saudi Arabian government has also introduced the White Land Tax initiative to address the country’s housing shortage, which is also expected to support the construction industry's growth.
Rapid urbanization, population growth, and positive developments in regional economic conditions across the U.A.E., Qatar, and Bahrain are further expected to boost the demand for self-drilling screws in other developing applications such as furniture, panels, cupboards, and in installation of housewares.
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Target buyers of Saudi Arabia self-drilling screws market databook
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Our clientele includes a mix of self-drilling screws market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia self-drilling screws market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia self-drilling screws market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia self-drilling screws market size, by material, 2018-2030 (US$M)
Saudi Arabia Self-drilling Screws Market Outlook Share, 2022 & 2030 (US$M)
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