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Global Straight Rod Electric Screwdrivers Market 2021– Top Manufacturers, Latest Trends, Size, Share, Future Prospects and Forecast 2027: Ken Research

10-26-2021 10:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

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Global Straight Rod Electric Screwdrivers Market 2021– Top

Electric screwdriver is a mechanical power tool that is powered by an electric motor depends on an electric motor, so as to tighten the screws quickly to the set torque. Electric screwdriver includes rechargeable battery, electric motor, dual planetary gear system, a switch, and a chuck that holds the screwdriver into one very powerful & compact tool. Additionally, electric screwdrivers are used in several industrial applications in order to observe with engineering & government specifications to ensure the screws are tightened rapidly & correctly. Moreover, two basic types of electric screwdrivers are standard and brushless. Standard electric screwdrivers include small carbon-brushes inside the tool that conduct the electricity between rotating shaft & stationary wires.

Straight rod electric screwdrivers are very efficient that can be acquired by manufacturing industries because they are highly cost-effective. Moreover, they are extensively used in commercial, industrial and residential owing to its high speed capability. In addition, they are utilized especially when a piece of work entails large number of screws for tightening in the manufacturing industries, with less effort is anticipated to accelerate the growth of electric screwdriver market throughout the forecast period. The steadily increasing demand for electric screwdrivers in the manufacturing industry due to the implementation of small or large projects and improving the efficiency of a variety of industrial projects worldwide is a major factor that is likely to drive the straight rod electric screwdriver market in the next few years.

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Referring to the study, “Global Straight Rod Electric Screwdrivers Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027” the key companies operating in the global straight rod electric screwdrivers market include Stanley Black & Decker, Hitachi Koki, Makita, Bosch, Metabo, TTI and among others. Key manufacturers are involved in the design, manufacture and supply of high-end electric screwdrivers.

Based on types, straight rod electric screwdrivers market is segmented as T type and L type. In addition, based on application type, market is segmented as industrial, household, commercial and others.

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Rise in use of electric screwdrivers in residential & commercial applications, followed by increase in awareness regarding the benefits of electric screwdrivers in developing & underdeveloped countries and growth in popularity of online selling platforms are some major factors, which are responsible for growth of the Global Straight Rod Electric Screwdrivers Market.

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Apart from this, high upfront investment for straight rod electric screwdrivers may impact the market. Based on regional analysis, the Asia-Pacific is a leading region in global straight rod electric screwdrivers market owing to increase in government initiatives for executing small or large projects and growth in urbanization & industrialization across the region. The North-America and Europe regions are expected to exhibit substantial growth rate due to presence of technological advancement & automation and rise in disposable income among the populace over the forecast period. It is predicted that future of the global straight rod electric screwdrivers market will be bright as a result of change in lifestyle of people coupled with growth in adoption of electric screwdrivers in the rebounding automotive industry during the forecast period.

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Ken Research
Ankur Gupta, Head Marketing & Communications

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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