Thailand Screwdriver Market (2025-2031) | Size, Growth, Value, Revenue, Forecast, Outlook, Share, Trends, Companies, Industry & Analysis

Thailand Screwdriver Market Synopsis

The screwdriver market in Thailand is expected to reach USD 110 million by 2031, witnessing a CAGR of 8.4% during the forecast period (2025-2031). Screwdrivers are commonly used tools for fastening and loosening screws when assembling or dismantling objects. In Thailand, the increasing use of electric screwdrivers and cordless models has been driving the growth of this market over recent years. Moreover, growing investments from leading players such as Stanley Black & Decker Inc., Bosch Power Tools GmbH, MSL Group PLC., Apex Tool Group LLC., Makita Corporation have further boosted overall market growth.

Market Drivers

Various factors that are driving the growth of the Thailand screwdriver market include an increase in DIY activities due to rising disposable income among homeowners; a surge in demand for electric and cordless screwdrivers; technological advancements in product features such as variable speed control settings; affordability of power tools with improved capabilities; expanding foreign investments into this sector along with increased government initiatives towards automation technologies across various industries like automotive manufacturing etc.

Challenges of the Market

Some challenges faced by this industry include limited availability and high cost associated with advanced products such as automatic electric screwdriver systems which may restrict adoption among end users, volatile raw material prices due to limited resources coupled with stringent regulations related to safety standards posed on manufacturers while producing these products.

Covid-19 Impact on the Market

The COVID-19 pandemic has had a significant impact on the Thailand screwdriver market. The lockdown restrictions imposed by the government of Thailand have led to decreased demand from consumers and businesses, resulting in dwindling sales for screwdriver suppliers. Major players such as Stanley Black & Decker and Bosch have seen their revenues decline due to reduced orders during this period. Additionally, transportation disruptions caused by lockdowns have also hindered the timely delivery of screwdrivers to customers across the country.

Key Players of the Market

Despite these challenges, manufacturers of locally made products are seeing an increase in demand as customers increasingly opt for more affordable alternatives over imported models due to financial constraints created by the pandemic. Companies like Daejin International Co., Ltd., Fukoku Corporation, and Koki Holdings Co., Ltd. have been quick to capitalize on this opportunity by manufacturing high quality yet cost effective tools that cater to local consumer needs. In addition, certain brands are providing digital services such as online order tracking and mobile app support which is helping them remain competitive despite social distancing regulations being in place throughout Thailand

Key Highlights of the Report:

• Thailand Screwdriver Market Outlook
• Market Size of Thailand Screwdriver Market, 2024
• Forecast of Thailand Screwdriver Market, 2031
• Historical Data and Forecast of Thailand Screwdriver Revenues & Volume for the Period 2021-2031
• Thailand Screwdriver Market Trend Evolution
• Thailand Screwdriver Market Drivers and Challenges
• Thailand Screwdriver Price Trends
• Thailand Screwdriver Porter's Five Forces
• Thailand Screwdriver Industry Life Cycle
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Electric Screwdrivers for the Period 2021-2031
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Pneumatic Screwdrivers for the Period 2021-2031
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Self-feeding Screwdrivers for the Period 2021-2031
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Household for the Period 2021-2031
• Historical Data and Forecast of Thailand Screwdriver Market Revenues & Volume By Industrial for the Period 2021-2031
• Thailand Screwdriver Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Thailand Screwdriver Top Companies Market Share
• Thailand Screwdriver Competitive Benchmarking By Technical and Operational Parameters
• Thailand Screwdriver Company Profiles
• Thailand Screwdriver Key Strategic Recommendations