South Korea Self-drilling Screws Market Size & Outlook
South Korea self-drilling screws market, 2018-2030 (US$M)
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South Korea self-drilling screws market highlights
- The South Korea self-drilling screws market generated a revenue of USD 15.1 million in 2022 and is expected to reach USD 20.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.6% 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 15.1 million |
| Market revenue in 2030 | USD 20.1 million |
| Growth rate | 3.6% (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, South Korea accounted for 2.0% 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 Asia Pacific, China self-drilling screws market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 42.5 million by 2030.
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Self-drilling Screws Market Scope
Self-drilling Screws Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 66.23% in 2022. Horizon Databook has segmented the South Korea self-drilling screws market based on stainless steel, carbon steel, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
The recovering residential building & construction sector in the country is driving the demand for related materials and components. Significant investments in housing and public works are expected to boost infrastructure growth and augment self-drilling screws demand over the forecast period.
Moreover, the expansion of commercial buildings for public & private sectors is expected to boost the demand for self-drilling screws in the country. Large-scale infrastructure projects, such as the construction of bridges, roads, and tunnels, frequently necessitate the use of self-drilling screws for fastening.
According to the International Trade Administration, in 2021, the Korean construction industry, which includes public and private infrastructure and civil engineering services, registered a rise of 9.20%. The sector earned USD 185 billion (KRW 212 trillion) in revenue.
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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 South Korea self-drilling screws market , including forecasts for subscribers. This country databook contains high-level insights into South Korea self-drilling screws market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea self-drilling screws market size, by material, 2018-2030 (US$M)
South Korea Self-drilling Screws Market Outlook Share, 2022 & 2030 (US$M)
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