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Screwdriver Market Size
- Report ID: GMI12345
- Published Date: Nov 2024
- Report Format: PDF
Screwdriver Market Size
The global screwdriver market was valued at USD 4.5 billion in 2023 and is estimated to grow at a CAGR of 4.7% from 2024 to 2032, due to the rise in DIY (Do-It-Yourself) and home improvement activities. More users are doing home renovations, furniture assembly, and small repairs themselves, which increases the need for tools like screwdrivers. Online tutorials, DIY guides, and social media make it easier for users to learn and feel confident about doing these tasks.
Homeowners look for affordable ways to upgrade or maintain their homes. Screwdrivers are essential for almost every DIY project because they are cheap, durable, and easy to use, helping users save on labor costs. Compact toolkits that include various screwdrivers are also becoming popular, making it easier for DIY fans to get the right tools. Social media influencers and DIY communities sharing project ideas and product recommendations have made more users aware of screwdrivers. The pandemic also boosted this trend, as users spent more time at home and took up DIY projects for fun or home improvements, leading to more tool purchases.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Screwdriver Market Size in 2023: | USD 4.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 6.7 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 397 |
| Segments covered: | By Product Type, By Material, By Application, By Distribution Channel, and By Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Screwdriver Market Scope
