Global Cordless Electric Screwdriver Market Overview:
A cordless electric screwdriver is a versatile electric hand tool designed to drive screws and is portable, it helps save time and efforts on tasks that involve installing a lot of screws. They can be used in many different applications in homes as well as in commercial usage form light maintenance to the major type of jobs. The power of screwdrivers depends mostly on the voltage of the battery, the higher the voltage more power it produces and generally the higher voltage cordless electric screwdrivers are heavier than the low voltage screwdriver. Some of the players profiled in the study are AIMCO Global (United States), Atlas Copco AB (Sweden), Desoutter Industrial Tools (France), Anlidar Industrial Co. Ltd. (Taiwan), BLACK+DECKER Inc. (United States), Robert Bosch GmbH (Germany), C. & E. Fein GmbH (Germany), Dewalt Industrial Tool Co. (Italy), Einhell Germany AG (Germany), Hitachi Koki Co., Ltd. (Japan) and Ingersoll-Rand Inc. (Ireland).
On the basis of geography, the market of Cordless Electric Screwdriver has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Motor, the sub-segment i.e. Brushed Electric Screwdriver will boost the Cordless Electric Screwdriver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. 12v will boost the Cordless Electric Screwdriver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery, the sub-segment i.e. Lithium-ion will boost the Cordless Electric Screwdriver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Store will boost the Cordless Electric Screwdriver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand for Power Tools for Industrial Production
- Increasing Demand for Screwdrivers in Residential Application
Influencing Trend
- Emerging Use of Cordless Electric Screwdriver in Electric Vehicles
- The Advent of Chargeable Electric Screwdrivers
Restraints
- Stringent Regulatory Guidelines Regarding Electric Screwdriver
- Safety Risks Associated with Cordless Electric Screwdrivers
Opportunities
- Changes in Manufacturing Methods and Systems for Enhanced Accuracy will Boost the Cordless Electric screwdrivers
Challenges
- Stiff Competition Among Players Due to Entry of Various Players
According to a UK organization, several electric screwdriver safety guidelines have been given for customers that, "they should buy electric screwdriver from a reputable dealer, and follow the manufacturer’s instructions carefully. It’s important to register a new electric screwdriver with the manufacturer so that you can be contacted if a safety notice or recall is required. It also makes it easier for you to return a faulty product or order a repair. Any socket you plan to use to plug in an electric screwdriver should have RCD (residual current device) Protection. An RCD is a life-saving device that protects against dangerous electric shock and reduces the risk of electrical fires. If you don’t have RCD protection in your fuse box for your sockets, consider using an RCD plug to protect you and your property from serious appliance faults."
Target Audience:
Cordless Electric Screwdriver Manufacturers, Cordless Electric Screwdriver International Traders, Cordless Electric Screwdriver Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream Buyers, Potential Investors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cordless Electric Screwdriver market on the basis of product [Straight Cordless Screwdriver, Pistol Cordless Screwdriver, Drill Cordless Screwdriver and Others] , application [Automobile, Shipping and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cordless Electric Screwdriver market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cordless Electric Screwdriver industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Makita Corporation (Japan) and Delta Regis Tools, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cordless Electric Screwdriver market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.