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?
Other Related Reports that Might be of Your Business Requirement
Garden Hand Tools Market - Global Outlook & Forecast 2025-2030
https://www.arizton.com/market-reports/garden-hand-tools-market
Global Shop Stools and Benches Market - Focused Insights 2025-2030
https://www.arizton.com/market-reports/shop-stools-and-benches-market
Why Arizton?
100%Customer Satisfaction
24x7availability - we are always there when you need us
200+Fortune 500 Companies trust Arizton's report
80%of our reports are exclusive and first in the industry
100%more data and analysis
1500+reports published till date
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
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.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-electric-screwdrivers-market-to-hit-152-billion-revenue-globally-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/electric-screwdrivers-market
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Electric Screwdrivers Market to Hit $1.52 Billion Revenue Globally - Arizton here
News-ID: 3927920 • Views: …
More Releases from ABNewswire
Global Sound Reinforcement Market Set to Grow at 4.28% CAGR, Reaching USD 38.58 …
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025-2030.
The global sound reinforcement market [https://www.arizton.com/market-reports/sound-reinforcement-market-size-growth] is projected to expand from USD 30 billion in 2024 to USD 38.58 billion by 2030, growing at a steady 4.28% CAGR, according to Arizton. This growth is being driven by rising demand for high-quality audio solutions across live events and entertainment venues. Advances in audio technology have significantly enhanced…
Gelt Raises $13M Series A to Expand AI-Powered Tax Solutions for Real Estate Inv …
Miami, FL - September 30, 2025 - Gelt [https://www.joingelt.com/], the first AI-native tax firm for investors and the Top 1% in the U.S., today announced it has raised $13 million in Series A [https://www.businesswire.com/news/home/20250930325477/en/Gelt-the-First-AI-Native-Tax-Firm-Raises-%2413M-in-Series-A-Funding-to-Transform-Tax-Strategy-Into-Year-Round-Wealth-Optimization], bringing its total funding to $21.2 million. Global investors, Zvi Limon of the Rimon Group, Vintage Investment Partners, and TLV Partners led the funding. As part of the launch, Yoram Tietz, former Managing Partner at EY…
Applications of 5-50mm security camera lens
The application scenarios of 5-50 mm surveillance lenses are primarily categorized according to the variations in field of view resulting from changes in focal length. The specific applications are as follows:
1. Wide-angle range (5-12 mm)
Panoramic monitoring for confined spaces A focal length of 5-8 mm (with a field of view of 60 degrees -90 degrees ) is suitable for enclosed small areas within 5 times 5 meters, such as elevator…
Daniel Smart Manufacturing Empowers Riders with their New Custom Builder Feature …
A leather jacket [https://danielsmartmfg.com/collections/mens-leather-motorcycle-jackets] for a rider is an essential part of their ride, and it makes them feel incomplete without it whenever they hit the road. If you are a biker, you must know what it means. Now imagine you can design your leather jacket your way, which may further enhance your experience on the road. Well, Daniel Smart, a renowned brand in the leather jacket industry, is now…
More Releases for Arizton
Arizton Forecasts $595.27 Billion Revenue by 2029 for Corporate Events Market, L …
According to Arizton's latest research report, the global corporate event market [https://www.arizton.com/market-reports/corporate-event-market-research-report] is growing at a CAGR of 10.61% during 2020-2029.
Looking for More Information? Click: [https://www.arizton.com/market-reports/corporate-event-market-research-report]
Report Scope:
Market Size (2029): $595.27 Billion
Market Size (2023): $325 Billion
CAGR (2020-2029):10.61%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Event Type, Event Size, Platform, Industry, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Key Drivers of Demand in the Corporate Event…
Arizton Unveils Comprehensive Existing & Upcoming Data Center Portfolios in APAC …
Arizton is excited to launch its latest data center portfolio report [https://www.arizton.com/market-reports/category/datacenter-database?search=&country=®ion=&page=1&sortBy=All%20Reports&type=]s, providing an extensive analysis of data centers & colocation service providers nationwide. This comprehensive report delivers a detailed overview of the sector's infrastructure and capabilities. It meticulously maps out each facility's exact location and its initial operational year, offering valuable insights into the evolution and growth of the data center landscape over time.
These reports cover the total white…
Arizton Advisory & Intelligence Releases Comprehensive Power Tools Market Analys …
The power tools market [https://www.arizton.com/market-reports/category/industrial-machinery?search=&country=®ion=&page=1&sortBy=All%20Reports&type=] is evolving with significant advancements in technology and shifting consumer demands. Cordless tools are gaining popularity due to improvements in battery technology, offering enhanced mobility and performance. Smart tools with IoT integration are also on the rise, allowing for data-driven maintenance and efficiency. Additionally, there's a growing focus on ergonomics and user-friendly designs, catering to both professionals and DIY enthusiasts. Environmental concerns are driving the…
Garden Hand Tools Market to Reach $23.68 Billion by 2029 - Exclusive Research Re …
According to Arizton's latest research report, the global garden hand tools market is growing at a CAGR of 4.06% during 2022-2029.
To Know More, Click: https://www.arizton.com/market-reports/garden-hand-tools-market
The global hand tools market is expected to grow considerably during the forecast period 2023. Rapid industrialization and increased construction activities, such as developing commercial spaces and building eco-friendly cities, promote sustainable lifestyles, attract tourists with green scenery, and promote therapeutic benefits for gardeners worldwide.…
According to Arizton, Biosimilar Contract Manufacturing Market to Worth $5.5 Bil …
The research study on the "Biosimilar Contract Manufacturing Market - Global Outlook & Forecast 2022-2027", recently published by Arizton Advisory & Intelligence, states that the biosimilar contract manufacturing market will grow at a CAGR of 16.19% during 2021-2027.
To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/3614
Market Overview
With the increasing demand for biosimilars, rise in approved biosimilars, and robust pipeline, the demand for outsourcing biosimilars manufacturing is also equally increasing.…
Waterproofing: A Water-Resistant Solution! – Arizton
In 2019, the global waterproofing market was growing exponentially due to the rising number of construction activities across the globe. Waterproofing material manufacturers were predominately supplying to the residential construction sector globally. The waterproofing market will witness high growth in North America and APAC during the forecast period. The construction work carried out in China and India accounted for a share of 7% of the construction industry in the APAC…
