Product Code: ETC042679 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia screwdriver market is projected to grow at a CAGR of 5.9% during the forecast period 2025-2031. Screwdrivers are used in numerous applications such as automotive repairs, electrical repairs, and furniture assembly among others. The growing demand for automobiles due to rising disposable incomes, increasing purchasing power parity, and shifting consumer preferences towards luxury vehicles will drive the growth of the Saudi Arabia screwdriver market during the forecast period. Moreover, rapid urbanization across major cities in Saudi Arabia has also led to an increase in construction activities which is further likely to boost the market growth over the next six years. Additionally, several government initiatives have been taken up by various organizations including Vision 2031 for oil & gas industry development which will lead to a rise in investments from foreign players into this industry leading to increased jobs opportunities thereby driving product sales over time frame considered for study purpose.
Growing Demand For Automobiles: Increasing disposable income levels and changing customer preferences toward luxury vehicles are some of the factors leading towards increased automobile sales volumes across countries including Saudi Arabia resulting into higher demand for repair services thereby aiding demand growth for these products over forecast period 2025-2031 . Rapid Urbanization Across Major Cities In Kingdom Of Saudi Arabia : Due To high rate of urbanisation across major cities within country , there has been tremendous surge witnessed towards infrastructure projects with many new buildings being set up along with existing ones undergoing renovation leading to increased requirement for repair work that require usage of screw drivers thus propelling its sale figures post pandemic situation .
Highly priced nature associated with few types of these tools makes them unaffordable or out reachable option among end users especially those who use it on regular basis making companies operating within sector face challenge while trying expand their shipment base. Availability alternative options like socket wrenches , spanner etc reduces attractiveness associated with using these tool that further impact negatively on its overall penetration rate specially after covid 19 scenario.
However, the COVID-19 pandemic has had a negative effect on economic activity across various countries including Saudi Arabia resulting in decreased demand for screws and other related products like screwdrivers. This has adversely affected sales of screwdrivers in this region leading to lower revenues from their sale compared to pre-pandemic levels. Additionally, supply chain disruptions due to lockdown restrictions have also caused delays which further hindered growth opportunities for manufacturers operating within this industry sector over the past year or so.
The major players operating in the Saudi Arabia screwdriver market include Stanley Black & Decker Inc., Apex Tool Group LLC, Hitachi Koki Co Ltd., Bosch Power Tools India Pvt Ltd., Makita Corporation Japan, Techtronic Industries Company Limited (TTI), Snap-on Incorporated, Wiha Werkzeuge GmbH & Co KG Germany among others. Most of these companies are focusing on expanding their product offerings and service capabilities to meet customer needs better which is expected to drive growth over forecast period 2025??2031. Additionally increasing advertising campaigns through digital mediums have also helped increase product awareness amongst potential customers leading to increased sales volumes within this space.
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 Saudi Arabia Screwdriver Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Screwdriver Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Screwdriver Market - Industry Life Cycle |
3.4 Saudi Arabia Screwdriver Market - Porter's Five Forces |
3.5 Saudi Arabia Screwdriver Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Screwdriver Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Screwdriver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction and infrastructure projects in Saudi Arabia increasing the demand for screwdrivers. |
4.2.2 Expansion of the automotive industry driving the need for screwdrivers for repair and maintenance. |
4.2.3 Increasing DIY trend among consumers boosting the sales of screwdrivers. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of screwdrivers. |
4.3.2 Competition from substitute products like power tools affecting the demand for traditional screwdrivers. |
4.3.3 Economic uncertainty and fluctuations affecting consumer spending on tools and equipment. |
5 Saudi Arabia Screwdriver Market Trends |
6 Saudi Arabia Screwdriver Market, By Types |
6.1 Saudi Arabia Screwdriver Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Screwdriver Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Screwdriver Market Revenues & Volume, By Electric Screwdrivers, 2021-2031F |
6.1.4 Saudi Arabia Screwdriver Market Revenues & Volume, By Pneumatic Screwdrivers, 2021-2031F |
6.1.5 Saudi Arabia Screwdriver Market Revenues & Volume, By Self-feeding Screwdrivers, 2021-2031F |
6.2 Saudi Arabia Screwdriver Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Screwdriver Market Revenues & Volume, By Household, 2021-2031F |
6.2.3 Saudi Arabia Screwdriver Market Revenues & Volume, By Industrial, 2021-2031F |
7 Saudi Arabia Screwdriver Market Import-Export Trade Statistics |
7.1 Saudi Arabia Screwdriver Market Export to Major Countries |
7.2 Saudi Arabia Screwdriver Market Imports from Major Countries |
8 Saudi Arabia Screwdriver Market Key Performance Indicators |
8.1 Average order value (AOV) for screwdrivers indicating consumer purchasing behavior and market demand. |
8.2 Number of new product launches in the screwdriver market reflecting innovation and market growth. |
8.3 Customer satisfaction score related to screwdriver quality and performance influencing brand loyalty and market share. |
9 Saudi Arabia Screwdriver Market - Opportunity Assessment |
9.1 Saudi Arabia Screwdriver Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Screwdriver Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Screwdriver Market - Competitive Landscape |
10.1 Saudi Arabia Screwdriver Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Screwdriver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |