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Global Electric Screwdriver Market Set to Reach USD 456 Million by 2030, Growing at a 1.12% CAGR

11-26-2024 12:06 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Electric Screwdriver Market

Electric Screwdriver Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐’๐œ๐ซ๐ž๐ฐ๐๐ซ๐ข๐ฏ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ญ ๐Ÿ๐จ๐ซ ๐’๐ญ๐ž๐š๐๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

The global electric screwdriver market, valued at USD 421.80 million in 2023, is expected to grow steadily at a 1.12% CAGR, reaching USD 456.00 million by 2030. This growth is propelled by rising demand for automation, innovation, and the increasing adoption of electric screwdrivers in automotive, electronics, and manufacturing industries.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Technological Advancements: Industry 4.0 technologies, such as AI and IoT, are enhancing the precision and efficiency of electric screwdrivers, leading to broader adoption in manufacturing.

Regional Insights: The Asia-Pacific region, particularly Vietnam, Thailand, Japan, South Korea, and China, is anticipated to drive market growth due to its robust automotive and electronics sectors. This trend is supported by rising industrialization and manufacturing activities.

Mergers and Acquisitions: Key players such as Panasonic, Hitachi, and Stanley Black & Decker are engaging in strategic partnerships and acquisitions to strengthen their product portfolios and expand market reach.

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ

Driver: Increased automation in industrial applications is fueling demand for electric screwdrivers.
Restraint: High initial costs of advanced models may limit growth in certain sectors.
Challenge: Ergonomic design and compatibility with various screw types remain key hurdles for manufacturers.
Market Opportunities
Emerging Markets: Rapid industrialization in Southeast Asia and other emerging economies presents significant expansion opportunities.
Innovation: The integration of smart technologies, including torque sensors and wireless connectivity, enhances tool accuracy, offering long-term market benefits.
Regional Growth Prospects
Asia-Pacific: Dominating the electric screwdriver market with substantial demand from the automotive and electronics industries.
North America & Europe: Technological innovation and automation are expected to drive market growth, with significant adoption seen in manufacturing and residential sectors.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/contact-us/

๐„๐ฆ๐›๐ž๐๐๐ž๐ ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง :

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Cordless
Cord

The market is divided into two segments based on the kind of product: corded and cordless electric screwdrivers. Over the course of the forecast period, the cordless electric screwdrivers segment is anticipated to dominate the electric screwdrivers market. because they provide ease and mobility and are powered by rechargeable batteries. They are well-liked by professionals working in small areas, homeowners, and do-it-yourselfers. These days, some cordless electric screwdrivers have built-in LED lighting, torque sensors, and wireless connectivity to help with tasks and offer greater speed and precision.

๐›๐ฒ ๐๐จ๐ฐ๐ž๐ซ ๐“๐ฒ๐ฉ๐ž

AC Electric Screwdriver
DC Electric Screwdriver
by Application Industrial
Commercial
Residential

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

IT & Telecommunication
Aerospace & Defense
Electronics & Consumer Goods
Chemicals
Machinery
Automotive
Healthcare
Others

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Online Retail
Offline Retail

The market is divided into two segments based on the distribution channel: online retail and offline retail. Over the course of the forecast period, the electric screwdriver market is anticipated to be dominated by the online retail segment. Electric screwdrivers are sold online via e-commerce platforms as part of the online retail industry. This market is growing because of the ease, competitive cost, and variety of products offered by online outlets. The market for online retail has been further stimulated by the growing use of smartphones and internet connectivity. Hardware stores, specialized shops, and brick-and-mortar stores make up the offline retail segment. Before making a purchase, customers frequently prefer offline channels where they can personally inspect and try the product. Furthermore, many customers enjoy the one-on-one help and post-purchase services offered by physical locations.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/152501/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฆ๐›๐ž๐๐๐ž๐ ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. Kawasaki Heavy Industries, Ltd.
2. Robert Bosch Tool Corporation
3. Hitachi, Ltd.
4. Panasonic
5. Kolver srl
6. Suzhou Everich Imp. & Exp. Co., Ltd.
7. LUN-YUAN ENTERPRISE CO., LTD.
8. Kilews Industrial Co., Ltd.
9. Stanley Black & Decker, Inc.
10. Makita Corporation
11. Chevron Holdings Limited
12. The Positec Tool Corporation
13. FEIN Power Tools Inc.
14. Harbor Freight Tools USA Inc.
15. Mountz, Inc.
16. Metabowerke GmbH
17. ASA Enterprise Co. Ltd.
18. Dewalt
19. Nitto Kohki Co., Ltd.
20. Sumake Industrial Co., Ltd.
21. Vessel Co., Inc.

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐„๐ฆ๐›๐ž๐๐๐ž๐ ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Electric Screwdriver ?
What is the growth rate of the Electric Screwdriver Market?
Which are the factors expected to drive the Electric Screwdriver market growth?
What is the CAGR at which the Electric Screwdriver market will grow during the forecast period?
What are the different segments of the Electric Screwdriver Market?
Which is the fastest growing region in the Electric Screwdriver market?
What growth strategies are the players considering to increase their presence in Electric Screwdriver ?
What are the upcoming opportunities and trends for the Electric Screwdriver Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Screwdriver Market?
Who are the leading companies and what are their portfolios in Electric Screwdriver Market?
What segments are covered in the Electric Screwdriver Market?
Who are the key players in the Electric Screwdriver market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/152501/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

โ™ฆ ๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Workplace Services Market https://www.maximizemarketresearch.com/market-report/global-workplace-services-market/55688/

โ™ฆ Edible Oils Market https://www.maximizemarketresearch.com/market-report/edible-oils-market/125464/

โ™ฆ Lighting Product Market https://www.maximizemarketresearch.com/market-report/lighting-product-market/11116/

โ™ฆ Outboard Boat Market https://www.maximizemarketresearch.com/market-report/outboard-boat-market/147038/

โ™ฆ App Analytics Market https://www.maximizemarketresearch.com/market-report/global-app-analytics-market/24816/

โ™ฆ Encoder Market https://www.maximizemarketresearch.com/market-report/global-encoder-market/34930/

โ™ฆ Global Oral Clinical Nutrition Supplements Market https://www.maximizemarketresearch.com/market-report/global-oral-clinical-nutrition-supplements-market/42116/

โ™ฆ Global Duplex Stainless Steel Market https://www.maximizemarketresearch.com/market-report/global-duplex-stainless-steel-market/32100/

โ™ฆ Global Triacetin Market https://www.maximizemarketresearch.com/market-report/global-triacetin-market/33334/

โ™ฆ Remote Desktop Software Market https://www.maximizemarketresearch.com/market-report/remote-desktop-software-market/145737/

๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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