| Product Code: ETC5520057 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Hong Kong continued to see a steady influx of screwdriver imports, primarily sourced from China, Japan, Taiwan, Slovenia, and Germany. Despite the high concentration of suppliers, the market experienced a significant decline in the compound annual growth rate (CAGR) from 2020 to 2024 at -16.23%. However, there was a positive upturn in growth from 2023 to 2024 at a rate of 7.16%, indicating a potential recovery in the market. Hong Kong`s reliance on these key importing countries highlights the importance of monitoring global trade dynamics for the screwdriver industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Screwdriver Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Screwdriver Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Screwdriver Market - Industry Life Cycle |
3.4 Hong Kong Screwdriver Market - Porter's Five Forces |
3.5 Hong Kong Screwdriver Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Hong Kong Screwdriver Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Hong Kong Screwdriver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision tools in industries such as electronics and automotive. |
4.2.2 Growing popularity of DIY projects and home improvement activities. |
4.2.3 Technological advancements leading to innovative screwdriver designs and features. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Intense competition from substitute products like power drills and impact drivers. |
4.3.3 Economic downturn affecting consumer spending on tools and equipment. |
5 Hong Kong Screwdriver Market Trends |
6 Hong Kong Screwdriver Market Segmentations |
6.1 Hong Kong Screwdriver Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Screwdriver Market Revenues & Volume, By Electric Screwdrivers, 2021-2031F |
6.1.3 Hong Kong Screwdriver Market Revenues & Volume, By Pneumatic Screwdrivers, 2021-2031F |
6.1.4 Hong Kong Screwdriver Market Revenues & Volume, By Self-feeding Screwdrivers, 2021-2031F |
6.2 Hong Kong Screwdriver Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Screwdriver Market Revenues & Volume, By Household, 2021-2031F |
6.2.3 Hong Kong Screwdriver Market Revenues & Volume, By Industrial, 2021-2031F |
7 Hong Kong Screwdriver Market Import-Export Trade Statistics |
7.1 Hong Kong Screwdriver Market Export to Major Countries |
7.2 Hong Kong Screwdriver Market Imports from Major Countries |
8 Hong Kong Screwdriver Market Key Performance Indicators |
8.1 Number of new product launches in the screwdriver market. |
8.2 Rate of adoption of smart screwdriver technologies. |
8.3 Percentage of households engaging in DIY projects using screwdrivers. |
9 Hong Kong Screwdriver Market - Opportunity Assessment |
9.1 Hong Kong Screwdriver Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Hong Kong Screwdriver Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Hong Kong Screwdriver Market - Competitive Landscape |
10.1 Hong Kong Screwdriver Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Screwdriver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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