Global Phillips Bit Market Growth 2026-2032
Description
The global Phillips Bit market size is predicted to grow from US$ 1456 million in 2025 to US$ 1991 million in 2032; it is expected to grow at a CAGR of 4.7% from 2026 to 2032.
A Phillips bit is a part that is inserted into the tip of an electric screwdriver and used to tighten Phillips screws. Since they are used for a longer period than manual screwdrivers, they are consumable parts that may chip or break off after a while of use.
Since there are various types of tip shapes and thicknesses, the bit to be used must be selected according to the uses of the screwdriver. Using a Phillips bit that does not fit the screw can cause the bit to break quickly or damage the screw or screw hole.
Phillips bits, which are attached to electric drills and used to tighten Phillips screws, are used in a great variety of situations, such as assembling electrical appliances and furniture and working on construction sites. They are also frequently used for DIY and repair work at home, as even beginners can easily handle them.
United States market for Phillips Bit is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
China market for Phillips Bit is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Europe market for Phillips Bit is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Global key Phillips Bit players cover AIMCO, Snap-on Incorporated, Mountz Torque, Tamperproof Screw, Genius Tools Americas, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.
LP Information, Inc. (LPI) ' newest research report, the “Phillips Bit Industry Forecast” looks at past sales and reviews total world Phillips Bit sales in 2025, providing a comprehensive analysis by region and market sector of projected Phillips Bit sales for 2026 through 2032. With Phillips Bit sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phillips Bit industry.
This Insight Report provides a comprehensive analysis of the global Phillips Bit landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phillips Bit portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Phillips Bit market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phillips Bit and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phillips Bit.
This report presents a comprehensive overview, market shares, and growth opportunities of Phillips Bit market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Double-Headed Bits
Stepped Bits
Segmentation by Application:
Commercial
Household
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
AIMCO
Snap-on Incorporated
Mountz Torque
Tamperproof Screw
Genius Tools Americas
Leatherman Tool Group, Inc
Graybar Electric Company, Inc.
L.H. Dottie.
WindStorm Products
KC Tool
eReplacementParts.com Inc.
Wright Tool Company
Meeng Gang Enterprise
Irimo
Lisle Corporation
Lee Valley Tools Ltd.
LENOX
Milwaukee Tool.
Klein Tools, Inc.
Jaw Manufacturing
Chapman Manufacturing Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phillips Bit market?
What factors are driving Phillips Bit market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phillips Bit market opportunities vary by end market size?
How does Phillips Bit break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
A Phillips bit is a part that is inserted into the tip of an electric screwdriver and used to tighten Phillips screws. Since they are used for a longer period than manual screwdrivers, they are consumable parts that may chip or break off after a while of use.
Since there are various types of tip shapes and thicknesses, the bit to be used must be selected according to the uses of the screwdriver. Using a Phillips bit that does not fit the screw can cause the bit to break quickly or damage the screw or screw hole.
Phillips bits, which are attached to electric drills and used to tighten Phillips screws, are used in a great variety of situations, such as assembling electrical appliances and furniture and working on construction sites. They are also frequently used for DIY and repair work at home, as even beginners can easily handle them.
United States market for Phillips Bit is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
China market for Phillips Bit is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Europe market for Phillips Bit is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Global key Phillips Bit players cover AIMCO, Snap-on Incorporated, Mountz Torque, Tamperproof Screw, Genius Tools Americas, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.
LP Information, Inc. (LPI) ' newest research report, the “Phillips Bit Industry Forecast” looks at past sales and reviews total world Phillips Bit sales in 2025, providing a comprehensive analysis by region and market sector of projected Phillips Bit sales for 2026 through 2032. With Phillips Bit sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phillips Bit industry.
This Insight Report provides a comprehensive analysis of the global Phillips Bit landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phillips Bit portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Phillips Bit market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phillips Bit and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phillips Bit.
This report presents a comprehensive overview, market shares, and growth opportunities of Phillips Bit market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Double-Headed Bits
Stepped Bits
Segmentation by Application:
Commercial
Household
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
AIMCO
Snap-on Incorporated
Mountz Torque
Tamperproof Screw
Genius Tools Americas
Leatherman Tool Group, Inc
Graybar Electric Company, Inc.
L.H. Dottie.
WindStorm Products
KC Tool
eReplacementParts.com Inc.
Wright Tool Company
Meeng Gang Enterprise
Irimo
Lisle Corporation
Lee Valley Tools Ltd.
LENOX
Milwaukee Tool.
Klein Tools, Inc.
Jaw Manufacturing
Chapman Manufacturing Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phillips Bit market?
What factors are driving Phillips Bit market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phillips Bit market opportunities vary by end market size?
How does Phillips Bit break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
162 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Phillips Bit by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Phillips Bit by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
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