Press release
DC Electric Nutrunner Market Size, Share & Trends, Industry Analysis Report from 2022 to 2030
DC Electric Nutrunner Market
Electric nutrunners are defined as specialised instruments used to tighten nuts, and these can get their power from DC controllers also they are nutrunners are lightweight and transportable.
Numerous enormous nutrunners are additionally made to be fixedly attached, and they are typically used on an assembly line. This is because they can provide precise torque control, nutrunners are frequently utilised in a range of precision fastening and assembly applications, such as appliance or automotive assembly applications.
The electric nutrunners can also be used for tapping, tightening, bevelling, turning, reaming, and expanding among other things. Nutrunners can also come with a range of performance and head type requirements.
Additionally, these electric nut runners are low-noise, low-vibration instruments with tremendous torque for incredibly quick, precise tightening. The key driver fuelling the expansion of the global DC electric nut runner market is the tightening accuracy, which is also extremely high.
Key Market trends
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising sales of passenger and commercial vehicles.
Over the forecast period, rising sales of passenger and commercial vehicles has been a key market driver for electric nutrunners. The demand for effective and adaptable fastening tools as well as the expanding use of Industry 4.0 are some factors that are anticipated to drive the growth of the electric nutrunner market.
Also, the introduction of brushless DC motors has also had a significant impact on market expansion. Electric nutrunner demand is projected to increase because to the need for safe and effective solutions for varied requirements and duties in the production process.
Additionally, the need for electric nutrunners has increased as a result of manufacturers being forced to employ equipment for increased productivity and maximum process dependability in the production line due to rising consumer demands, increasing cost pressure, and tighter regulations in various industries.
Furthermore, the use of nutrunners is necessary for an assembly line's error-proofing, flexibility, and quality control. The market is also benefiting from an increase in technical improvements, population growth, and rising disposable income.
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Segmental analysis of the Market
Based on type
• Fixtured electric nutrunner
• Handheld electric nutrunner
• Others
The fixed electric nutrunner segment has dominated the market growth over the forecast period.
Based on application
• Automotive
• Transportation
• Machinery
• Manufacturing
• Others
The transportation segment has dominated the market growth over the forecast period.
Asia Pacific is anticipated to amplify at a considerable CAGR
The Global DC Electric Nutrunner Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the rising usage of DC Electric Nutrunner among the region.
Competitive Landscape
Some of the prominent companies operating in the market are are Bosch Rexroth, Atlas Copco, ESTIC Corporation, Apex Tool Group, Dai-ichi Dentsu Ltd., STANLEY Engineered Fastening, Sanyo Machine Works, ALFING Montagetechnik GmbH (AMT), Ingersoll Rand, Nitto Seiko, FEC Inc., Maschinenfabrik Wagner GmbH & Co. KG, Tone Co., Ltd., AIMCO, Desoutter Industrial Tools, and others.
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Frequently Asked Questions
• What is the growth rate of the Global DC Electric Nutrunner Market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?
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