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North America Drywall Hooks, Fasteners, And Boards Market Size, Share & Trends Analysis Report By End-use (Residential, Commercial), By Country, And Segment Forecasts, 2024 - 2030

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    Report

  • 101 Pages
  • July 2024
  • Region: North America
  • Grand View Research
  • ID: 5990649
The North America drywall hooks, fasteners, and boards market size is anticipated to reach USD 49.35 billion by 2030 and is projected to grow at a CAGR of 11.2% from 2024 to 2030, according to a new report. This growth can be attributed to the flourishing construction industry in U.S. and Canada due to the rising investment in residential and commercial buildings. Furthermore, the rising trend of sustainable development and energy efficient homes has surged the need for durable, high quality, and eco-friendly drywall products.

Factors, such as increasing investment in affordable housing, smart city construction, upgrade and construction of infrastructure, and investment in the tourism sector, are expected to boost the demand for drywall hooks, fasteners, and boards over the forecast period.

The advancements in manufacturing processes, driving innovation in material and design, and improving product quality. Advanced manufacturing techniques including precision engineering and automation are expected to lead to more durable and reliable products. This includes innovation of materials such as eco-friendly and lightweight composites, improve performance and sustainability.

The presence of a large number of retailers, leading to low switching costs, is expected to increase the bargaining power of buyers. Major players cater to customers' needs through e-commerce platforms. A variety of drywall hooks, fasteners, and boards solution are available in different colors, dimensions, quality, and costs, which increases options for customers. Thus, the bargaining power of buyers is expected to be high over the forecast period.

Key retailers operating in the drywall hooks, fasteners, and boards market include Target Corporation, Amazon.com, Inc., Walmart Inc., Bed Bath & Beyond, Inter IKEA Systems B.V., The Home Depot, Lowe's. These firms are highly investing resources into different strategies to gain a competitive advantage in the market. The strategies adopted by companies are mergers and acquisitions, expansion of product portfolio, strategic partnerships to expand their market presence and capabilities. Furthermore, development of new technologies such as manufacturing of eco-friendly products coupled with the innovation of new materials such as composites, is expected to offer new growth opportunities to the market players.

North America Drywall Hooks, Fasteners, And Boards Market Report Highlights

  • Based on end-use, the residential segment led the market with the largest revenue share of 60.7% in 2023. Population expansion coupled with rapid urban migration is anticipated to fuel residential construction spending in countries over the forecast period. The U.S. residential housing industry has witnessed rapid growth in recent years owing to easy access to mortgage loans, continued employment growth, and the rising demand for apartments due to the burgeoning population
  • The drywall boards market in U.S. accounted for the largest revenue share of 66.5% in 2023. Increasing awareness regarding sustainable construction in the U.S. is expected to boost the demand for drywall boards over the forecast period. These boards help in increasing the energy efficiency of a structure, lowering the energy requirement for heating, ventilation, and air conditioning
  • The drywall hooks market in the Canada is expected to grow at the fastest CAGR of 5.7% over the forecast period. Drywall has replaced plasters to become the most common and popular product for interior wall surfaces in houses. As per the Gypsum Association, 97% of the newly constructed homes have gypsum boards for interiors in Canada. Furthermore, Canada is characterized by high seismic activity zones.Drywalls offer high earthquake safety compared to brick walls. These factors are driving the application of drywalls in the country. This is leading to increased consumption of drywall hooks for storage purposes
  • North America market is anticipated to grow at a significant CAGR over the forecast period. Factors, such as increasing investment in affordable housing, smart city construction, upgrade and construction of infrastructure, and investment in the tourism sector, are expected to boost the demand for drywall hooks, fasteners, and boards over the forecast period
  • In April 2023, Hillman Solutions Corp., a leading hardware and merchandising solution provider, has opened its new distribution center in Missouri. The facility is approximately 305,000 square feet, which has enhanced the distribution access of the company to about 85% of the U.S. population. This strategy will allow them to distribute their products at a lesser time and better serve their customers.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. List of Data Sources
Chapter 2. North America Residential Drywall Trend Analysis
2.1. North America Residential Drywall Trend Analysis, 2010 - 2023 (Percent)
Chapter 3. North America Drywall Market: End-use Estimates & Trend Analysis
3.1. Key Takeaways
3.2. End-use Movement Analysis & Market Share, 2023 & 2030
3.3. North America Drywall Market by End-use, 2018 - 2030 (USD Million)
3.4. Residential
3.4.1. Drywall Market Estimates And Forecasts for Residential, 2018 - 2030 (USD Million)
3.5. Commercial
3.5.1. Drywall Market Estimates And Forecasts for Commercial, 2018 - 2030 (USD Million)
Chapter 4. North America Drywall Boards Market: Regional Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Regional Movement Analysis & Market Share, 2023 & 2030
4.3. North America
4.3.1. North America Drywall Boards Market Estimates And Forecasts, 2018 - 2030 (USD Million)
4.3.2. U.S.
4.3.2.1. U.S. Drywall Boards Market Estimates And Forecasts, 2018 - 2030 (USD Million)
4.3.3. Canada
4.3.3.1. Canada Drywall Boards Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 5. North America Drywall Fasteners Market: Regional Estimates & Trend Analysis
5.1. Key Takeaways
5.2. Regional Movement Analysis & Market Share, 2023 & 2030
5.3. North America
5.3.1. North America Drywall Fasteners Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.3.2. U.S.
5.3.2.1. U.S. Drywall Fasteners Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.3.3. Canada
5.3.3.1. Canada Drywall Fasteners Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 6. North America Drywall Hooks Market: Regional Estimates & Trend Analysis
6.1. Key Takeaways
6.2. Regional Movement Analysis & Market Share, 2023 & 2030
6.3. North America
6.3.1. North America Drywall Hooks Market Estimates And Forecasts, 2018 - 2030 (USD Million)
6.3.2. U.S.
6.3.2.1. U.S. Drywall Hooks Market Estimates And Forecasts, 2018 - 2030 (USD Million)
6.3.3. Canada
6.3.3.1. Canada Drywall Hooks Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Consumer Behavior on North America Wall Hanging Products
7.1. Demographic Analysis
7.1.1. By Age
7.1.2. By Gender
7.1.3. By Income
7.2. Consumer Trends & Preferences
7.3. Factors Affecting Buying Decision
7.4. Consumer Product Adoption
Chapter 8. North America Drywall Hooks, Fasteners, and Boards Market Analysis Competitive Landscape
8.1. Key Retailers Overview
8.2. Product Benchmarking
8.3. Company Heatmap Analysis
8.3.1. Target Corporation
8.3.2. Hobby Lobby
8.3.3. Michaels Stores, Inc.
8.3.4. . Amazon.com, Inc.
8.3.5. Walmart Inc.
8.3.6. Bed Bath & Beyond
8.3.7. Inter IKEA Systems B.V.
8.3.8. HomeGoods
8.3.9. West Elm
8.3.10. The Home Depot
8.3.11. Lowe’s
List of Tables
Table 1 North America Drywall Market Estimates & Forecast, By End Use 2018 - 2030 (USD Million)
Table 2 U.S. macro-economic outlay
Table 3 Canada macro-economic outlay
Table 4 North America Drywall Market Estimates & Forecast, By End Use 2018 - 2030 (USD Million)
Table 5 Company Heat Map Analysis, 2023
List of Figures
Fig. 1 North America Drywall Hooks, Fasteners, and Boards Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 End Use: Key takeaways
Fig. 7 End Use: Market Share, 2023 & 2030
Fig. 8 Drywall market estimates & forecasts for residential, 2018 - 2030 (USD Million)
Fig. 9 Drywall market estimates & forecasts for commercial, 2018 - 2030 (USD Million)
Fig. 10 North America drywall market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 11 U.S. drywall market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 12 Canada drywall market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 13 North America drywall fasteners market t estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 14 U.S. drywall fasteners market t estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 15 Canada drywall fasteners market t estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 16 North America Drywall Hooks Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 17 U.S. Drywall Hooks Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 18 Canada Drywall Hooks Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 19 Factors affecting buying decision
Fig. 20 Company Heat Map Analysis, 2023

Companies Mentioned

  • Target Corporation
  • Hobby Lobby
  • Michaels Stores, Inc.
  • Amazon.com, Inc.
  • Walmart Inc.
  • Bed Bath & Beyond
  • Inter IKEA Systems B.V.
  • HomeGoods
  • West Elm
  • The Home Depot
  • Lowe’s

Methodology

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