Global Power Screwdrivers Market Overview:
Power screwdrivers are power tools that help to insert or remove screws. They run from rechargeable batteries and electric sources. Power screwdrivers help to speed up home repairs and assembly jobs. It can also perform tasks like hanging doors and shelves. Cordless or battery-based power screwdrivers give the freedom to move around your home and garden are invaluable when working in confined spaces like cupboards. The rising demand in the construction industry and ease of furniture making process leads to the growth in power screwdrivers.
Market Drivers
- The increasing demand in the construction industry leads to the growth in power screwdrivers
- Power screwdrivers are cost-effective
- Ease in furniture making process
Market Trend
- The use of circuit sensor technology in power screwdrivers are in high demand
Restraints
- Power screwdrivers are not powerful used mainly for pilot holes and driving smaller screws for softwood
Opportunities
- The demand for LED lighting system power screwdrivers is increasing
Challenges
- Power screwdrivers with Large-sized battery module release button may cause some inconvenience during operation
Competitive Landscape:
Some of the key players profiled in the report are BLACK+DECKER Inc. (United States), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Makita Corporation (Japan), Hitachi, Ltd. (Japan), The Positec Tool Corporation (China), Chervon Group (China), Richpower Industries, Inc. (United States), General Tools & Instruments LLC (United States) and Durofix (United States). Additionally, following companies can also be profiled that are part of our coverage like PROXXON GmbH (Germany), Rockwell Automation, Inc. (United States), Toydriver LLC (United States), WEN Products (United States) and WORX (China). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Power Screwdrivers market by 2025. Considering Market by Bit Holder, the sub-segment i.e. Three-jaw chuck will boost the Power Screwdrivers market. Considering Market by Motor, the sub-segment i.e. Brushed will boost the Power Screwdrivers market. Considering Market by Battery, the sub-segment i.e. Lithium-ion Xtreme Technology (LXT) will boost the Power Screwdrivers market.
In October 2018, ASA Enterprise Corporation, manufacturer of screwdrivers launched high-efficiency brushless motor low torque electric screwdrivers with torque indicator light and torque adjuster.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Power Screwdrivers 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 Power Screwdrivers 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 New Entrants/Investors, Manufacturer of power screwdrivers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry.
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.