Nutrunner Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, the nutrunner market is expected to be valued at USD 827.4 million in 2022 and is poised to grow at a significant CAGR of 4.4% over 2022-2028. The primary drivers of the expansion of the global nutrunner market include the growing construction and automotive sector and the increasing income of middle-class people in emerging countries.

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Pneumatic Nutrunner Segment to Dominate the Nutrunner Market:
Based on the product type, the global nutrunner market can be segmented into Electric Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner. The pneumatic nutrunner segment is expected to account for a larger revenue share in the global nutrunner market, with a value share worldwide. Pneumatic nutrunners are generally lighter and smaller in size than other electric tools but it offers the same amount of power and efficiency. It can also be easily adjusted. Hence, this segment will dominate the global market in the upcoming years.

Asia Pacific Nutrunner Market:
The Asia Pacific market is expected to increase in the global nutrunner market over the forecast period. The Asia Pacific market is expanding as a result of the various applications in the automobile and construction industry and increasing income in this region. North America held considerable market share during the estimated period owing to the high spending in the construction industry and increasing usage of smart vehicles.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global nutrunner market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The nutrunner market is segmented based on product type, end-user, and geography.
Based on the product type, the market is segmented into the following:
• Electric Nutrunner
• Pneumatic Nutrunner
• Hydraulic Nutrunner

Based on the end user, the market is segmented into the following:
• Residential Applications
• Construction Application
• Automotive Application
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the nutrunner market report are Aimco Global, Atlas Copco AB, Bosch Rexroth AG, Dai-Ichi Dentsu Ltd., Estic Corporation, Ingersoll, Rand Inc., ITH bolting Technology, Maschinenfabrik Wagner GmbH & Co.AG, Sanyo Machine Works, and Stanley Engineered Fastening

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