About Industrial Corded Electric Screwdriver-
An electric screwdriver is a handheld power tool designed for driving screws into various materials. Electric screwdrivers are powered by electricity through a cord connected to an outlet. These tools have a motorized mechanism that rotates a screwdriver quick and effortless screw driving with minimal physical exertion. Electric screwdrivers come in a variety of sizes, designs, and configurations to suit different applications, from small household tasks to heavy-duty industrial use. Innovations in technology and motor efficiency lead to the development of more powerful and user-friendly electric screwdrivers, while industries such as automotive, electronics, and DIY/home improvement influence demand for electric screwdrivers.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 6.2% |
Establishing players are among the market-driving advancements in technology, ergonomics, and efficiency. Companies are focusing on user-centric design and their commitment to delivering high-performance solutions for their users. This competitive environment encourages continuous innovation and pushes companies to differentiate their products through technological advancements, ergonomic designs, and value-added features, ultimately benefiting end-users with a diverse range of options and improved tools for their needs. Which drives continuous innovation and benefits for consumers with a wide range of options and improved tools. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Industrial Corded Electric Screwdriver- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kawasaki Heavy Industries, Ltd. (Japan), Robert Bosch Tool Corporation (United States), Koki Holdings Co., Ltd. (Japan), Panasonic Corporation (Japan), Chevron Corporation (United States), Harbor Freight Tools (United States), Mountz Torque (United States), Metabowerke GmbH (Germany), Sumake Industrial Co., Ltd. (Taiwan) and Stanley Black & Decker, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are FEIN Power Tools Inc. (Germany), Kolver srl (Italy), lun-yuan enterprise co., ltd. (Taiwan), Kilews Industrial Co., Ltd. (Taiwan) and Makita Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Corded Electric Screwdriver- market by , Application (Industrial, Commercial and Residential) and Region.
On the basis of geography, the market of Industrial Corded 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 Power Type, the sub-segment i.e. AC Electric Screwdriver will boost the Industrial Corded 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 Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Industrial Corded Electric Screwdriver- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. IT & Telecommunication will boost the Industrial Corded Electric Screwdriver- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of smart features such as torque control, digital displays, and connectivity to mobile devices
Market Growth Drivers:
Increasing demand for efficient assembly and installation tools and Increasing customization options for electric screwdrivers, such as torque settings, speed control, and grip preferences
Challenges:
Higher usage can cause hand strain and fatigue, which can pose a challenge
Restraints:
Ensuring compatibility and performance across diverse applications can pose challenges for manufacturers
Opportunities:
Increasing advancement in motor, design and enhanced performance
In October 2023, Panasonic, a technology company, launched the Corded Electric Screwdriver System. This innovative series comprises four electric screwdrivers featuring brushless motors, which not only enhance performance but also enable the collection and tracing of torque. This capability significantly improves quality control measures, boosting efficiency and accuracy along the assembly line. With this product, The company aims to revolutionize assembly processes by providing tools that exceed industry standards.
Key Target Audience
Manufacturers, Suppliers and Sellers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.