Global Industrial Corded Electric Screwdriver- Market Overview:
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.
As per latest study released by AMA Research, the Global Industrial Corded Electric Screwdriver- market is expected to see growth rate of 6.2%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like FEIN Power Tools Inc. (Germany), Kolver srl (Italy), lun-yuan enterprise co., ltd. (Taiwan), Kilews Industrial Co., Ltd. (Taiwan) and Makita Corporation (Japan). Analyst at AMA Research see United States Vendors to retain maximum share of Global Industrial Corded Electric Screwdriver- market by 2030. Considering Market by Power Type, the sub-segment i.e. AC Electric Screwdriver will boost the Industrial Corded Electric Screwdriver- market. Considering Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Industrial Corded Electric Screwdriver- market. Considering Market by End User, the sub-segment i.e. IT & Telecommunication will boost the Industrial Corded Electric Screwdriver- market.
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.
What Can be Explored with the Industrial Corded Electric Screwdriver- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Industrial Corded Electric Screwdriver- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Industrial Corded Electric Screwdriver-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Industrial Corded Electric Screwdriver- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Industrial Corded Electric Screwdriver- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Suppliers and Sellers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.