Press release
The Electric Screwdrivers Market to Hit $1.52 Billion Revenue Globally - Arizton
Electric Screwdrivers Market Research Report by Arizton
Looking for More Information? Click: [https://www.arizton.com/market-reports/electric-screwdrivers-market]
Report Scope:
Market Size (2030): $1.52 Billion
Market Size (2024): $1.11 Billion
CAGR (2024-2030): 5.44%
Historic Year:2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Product, Project, End-User, Distribution Channels, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Market Overview
The global electric screwdrivers market is experiencing significant growth, driven by increasing demand from the automotive sector, DIY and home improvement activities, booming construction, and automation in manufacturing.
Emerging trends include the rising popularity of cordless screwdrivers, ergonomic designs, and increased adoption in woodworking. Technological advancements, such as improved battery technology, smart features, and brushless motors, are enhancing the market. Cordless screwdrivers are favored for their ease of use, while corded screwdrivers remain essential in assembly lines and manufacturing for productivity gains.
Manufacturers are focusing on offering a diverse range of products tailored to portability, convenience, pricing, and efficiency. North America dominates the market due to its industrial base and strong DIY culture, while the APAC region is the fastest-growing market, driven by industrialization, urbanization, and infrastructure development, particularly in China and India.
Dominance of Cordless Electric Screwdrivers is Gaining Momentum
Cordless electric screwdrivers are leading the global market due to their convenience and portability, operating on rechargeable batteries that allow unrestricted movement. These models now feature advanced technologies such as torque sensors, LED lights, and smart connectivity, enabling precise screw driving and data collection for users.
DC-based electric screwdrivers are gaining popularity due to their efficiency, with advancements in motor efficiency, faster charging, and longer battery runtime driving growth. The demand for cordless screwdrivers is rising among professionals in various industries, as well as homeowners and DIYers who seek ease of use in home improvement projects.
The surge in construction activities, repair, and maintenance work is further fueling the demand for cordless electric screwdrivers. Construction companies are increasingly adopting electric tools to enhance efficiency, contributing to market growth during the forecast period.
New Product Development
* In 2023, Robert Bosch Stiftung is continuously updating their existing cordless electric screwdrivers. They are focusing on offering improved battery, motor, and smart features in cordless electric screwdrivers. GSR 12V-30 Professional, GSR 12V-35 HX Professional, etc. are the updated versions of cordless electric screwdrivers. Its highly compact cordless screwdriver in the 12V class enables easy access to tight and narrow spaces.
* In 2020, Techtronic Industries Co. Ltd. Company's one of the brands, RYOBI introduced the 4V Screwdriver. This tool is 45% more compact for greater access in tight spaces when compared to the previous model.
Distribution Channels for Electric Screwdrivers
Offline Distribution
Offline distribution channels include supermarkets, hypermarkets, retail stores, specialty stores, department stores, and hardware stores. Customers prefer offline stores as they can physically inspect the electric screwdrivers before purchasing. Additionally, direct sales and personalized recommendations from in-store staff help consumers make informed decisions.
Online Distribution
Online distribution channels involve e-commerce platforms, online retailers, and manufacturers' websites. Consumers can conveniently purchase electric screwdrivers from platforms such as Amazon, eBay, and Flipkart. Increasing internet penetration and smartphone usage have expanded access to a wider audience, encouraging manufacturers to strengthen their online presence, particularly in underdeveloped areas.
Looking for More Information? Click: [https://www.arizton.com/market-reports/electric-screwdrivers-market]
Key Vendors
* Apex Tool Group, LLC.
* Koki Holdings Co., Ltd.
* Makita
* Robert Bosch Stiftung
* Stanley Black & Decker, Inc.
* Techtronic Industries Co. Ltd.
* ASA Tools Enterprise Corp.
* Atlas Copco Group
* AIMCO
* Festool GmbH
* Hilti
* Ingersoll Rand
* Kilews Industrial Co., Ltd.
* KOLVER Srl
* Mountz Torque
* Puma Electric Co., Ltd.
* Snap-on
* Sumake Industrial Co., Ltd.
* Chervon
* Electrosafe Technology
* ESTIC Corporation
* Delta Regis
* Harbor Freight Tools
* Nitto Kohki Co., Ltd.
* Panasonic Holdings Corporation
* Ronix
* The Positec Tool Corporation
* Visumatic Industrial Products
* WEC Group
* WEBER Schraubautomaten GmbH
* Wiha Tools
Segmentation Forecasts
Product
* Cordless Electric Screwdriver
* Corded Electric Screwdriver
Project
* Professional
* DIY
End-User
* Industrial
* Commercial
* Residential
Distribution Channel
* Offline
* Online
Geography
North America
* The US
* Canada
Europe
* Germany
* The UK
* France
* Italy
* Spain
APAC
* China
* Japan
* India
* South Korea
Latin America
* Brazil
* Mexico
Middle East & Africa
* Turkey
* South Africa
* Saudi Arabia
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the electric screwdrivers market. Request for Free Sample to get a glance of the report now: [https://www.arizton.com/market-reports/electric-screwdrivers-market]
What Key Findings Will Our Research Analysis Reveal?
How big is the global electric screwdrivers market?
Which product segment has the largest share in the global electric screwdrivers market?
Which region holds the largest share in the global electric screwdrivers market?
Which project segment provides more business opportunities in the global electric screwdrivers market?
Who are the major players in the global electric screwdrivers market?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
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Website: https://www.arizton.com/market-reports/electric-screwdrivers-market
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