According to the report by Expert Market Research (EMR), the global drywall tools market is projected to grow at a CAGR of 5.70% between 2024 and 2032. Driven by its extensive use in the construction projects, encompassing both residential and commercial sectors, the market is expected to grow significantly by 2032.
Drywall tools are specialised instruments used in the construction sector for the handling, cutting, installation, and finishing of drywall, which is a widely used material for creating walls and ceilings. Common drywall tools include taping knives, mud pans, tape measures, and sanding tools, each designed to facilitate specific steps in the drywall installation process. The effectiveness and efficiency of these tools are crucial for achieving smooth, finished surfaces that are ready for painting or wallpapering. Moreover, plaster has been replaced by a faster drying material including drywall tools, as plaster used to take a significant amount of time to dry, causing installers to wait before proceeding with the next wall installation and ultimately slowing down the construction process.
The primary drivers of the drywall tools market growth include the global boom in construction activities, fuelled by urbanisation and the increasing demand for residential and commercial properties. The rise in home renovation and remodelling projects, particularly in developed economies, further augments the demand for drywall tools, as homeowners seek to enhance the aesthetic and functional aspects of their properties.
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Advancements in tool technology that increase efficiency and ease of use are also significant contributors to market growth. Innovations such as dust-reduction features in sanding tools and ergonomic designs in taping knives are making drywall installation faster and less labour-intensive, which is appealing to both professionals and DIY enthusiasts, consequently driving up the drywall tools market share.
The North American region is expected to dominate the market due to its robust housing market and high prevalence of DIY home improvement activities. The United States leads in the region, supported by a strong economic recovery and substantial investments in commercial and residential construction.
Asia-Pacific is anticipated to witness significant growth, driven by rapid urbanisation and industrialisation in emerging economies such as China and India. These countries are experiencing extensive construction of new housing units and commercial spaces, boosting the drywall tools market growth.
The market for drywall tools is anticipated to experience advantages from ongoing advancements, specifically in the realm of automated and semi-automated drywall tools. These tools have the potential to greatly diminish the time and effort needed for installation and finishing tasks. Additionally, the aspect of environmental sustainability will hold significant importance, as there is an increasing need for tools crafted from recycled materials or engineered to minimise their environmental footprint, leading to drywall tools market expansion.
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Market Segmentation
The market can be divided based on the type, distribution channels, and region
Market Breakup by Type
- Cutting Tools
- Repair Tools
- Sanding Tools
- Texture Tools
- Others
Market Breakup by Distribution Channels
- Offline
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global drywall tools market. Some of the major players explored in the report by Expert Market Research are as follows:
- Robert Bosch GmbH
- Stanley Black & Decker, Inc.
- Marshalltown Company
- Makita Corporation
- Milwaukee Electric Tool Corporation
- Level5 Tools, LLC
- The 3M Company
- Hyde Tools, Inc.
- Bon Tool Co.
- Spear & Jackson
- Others
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