Market Overview:
The global electric torque screwdriver market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric torque screwdriver market can be attributed to the increasing demand for cordless electric torque screwdrivers from industrial and household applications. Additionally, the growing demand for precision-driven tools is also contributing to the growth of this market. North America dominates the global electric torque screwdriver market, followed by Europe and Asia Pacific.
Product Definition:
An electric torque screwdriver is a tool that uses an electric motor to apply rotational force to a screw, turning it. Electric torque screwdrivers are used in applications where high levels of torque are required, such as in the automotive or aerospace industries. They can also be used for general purpose tasks such as tightening screws on furniture or appliances. Electric torque screwdrivers are important tools because they provide a high level of accuracy and precision when applying torque to screws, which is critical in many industrial and commercial applications.
Cordless:
Cordless electric torque screwdrivers are the latest trend in power tool technology. The market is expected to grow at a significant rate owing to several factors such as growing construction industry, rapid industrialization and urbanization, changing consumer lifestyle coupled with increasing government support for infrastructural development across the globe. Cordless electric torque screwdrivers have been gaining popularity among consumers due to its convenience of usage and reduced chances of getting injured compared to traditional tools.
Corded:
Corded electric torque screwdrivers are the most common type of electric torque screwdrivers. They are widely used in automotive, electronics and other industries due to their benefits such as high efficiency and less time consumption. The market for cordless electric torque screwdriver is expected to witness significant growth over the forecast period owing to its increasing demand from industrial applications where there is no power supply from outside the facility.
Application Insights:
The industrial application segment accounted for the largest share of over 50% in 2017. The demand is expected to be driven by the growing automotive and construction industries. Industrial electric torque screwdrivers are used for various applications including metal working, assembly, drilling and fastening. Growing automotive industry across the globe is likely to propel product demand in industrial applications over next few years.
The household application segment was valued at USD 281 million in 2017 owing to increasing use of electric torque screwdrivers by DIY enthusiasts and home repair professionals globally.
Regional Analysis:
Asia Pacific held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China and India, which are among the top 10 manufacturing hubs globally. Growing industrialization coupled with increasing foreign investments in these countries has led to a significant rise in demand for electric torque screwdrivers over the past few years.
The Asia Pacific regional market was followed by Europe, which accounted for more than 25% of global revenue share in 2017 owing to high product adoption across various applications including household and industrial sectors.
Growth Factors:
- Increasing demand for electric torque screwdriver in automotive and aerospace industry
- Rising popularity of electric torque screwdriver among DIY enthusiasts and professional users
- Growing demand for cordless electric torque screwdrivers
- Technological advancements in electric torque screwdriver design and functionality
- Increasing adoption of electric torque screwdrivers in construction and manufacturing industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Torque Screwdriver Market Research Report
By Type
Cordless, Corded
By Application
Industrial, Household
By Companies
Stanley Black & Decker, Bosch, Makita, Kolver, Greenlee (Emerson), FEIN, Dongcheng, Hitachi, Hilti, Kawasaki, Ozito, Dixon Automatic, Mountz, Ingersoll Rand, Gedore-Torque
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Electric Torque Screwdriver Market Report Segments:
The global Electric Torque Screwdriver market is segmented on the basis of:
Types
Cordless, Corded
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Household
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stanley Black & Decker
- Bosch
- Makita
- Kolver
- Greenlee (Emerson)
- FEIN
- Dongcheng
- Hitachi
- Hilti
- Kawasaki
- Ozito
- Dixon Automatic
- Mountz
- Ingersoll Rand
- Gedore-Torque
Highlights of The Electric Torque Screwdriver Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cordless
- Corded
- By Application:
- Industrial
- Household
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Torque Screwdriver Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric torque screwdriver is a tool that uses an electric motor to turn screws. It is often used in construction and repair work, as it allows for more precise and consistent screwdriving than traditional hand tools.
Some of the major companies in the electric torque screwdriver market are Stanley Black & Decker, Bosch, Makita, Kolver, Greenlee (Emerson), FEIN, Dongcheng, Hitachi, Hilti, Kawasaki, Ozito, Dixon Automatic, Mountz, Ingersoll Rand, Gedore-Torque.
The electric torque screwdriver market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Torque Screwdriver Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Torque Screwdriver Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Torque Screwdriver Market - Supply Chain
4.5. Global Electric Torque Screwdriver Market Forecast
4.5.1. Electric Torque Screwdriver Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Torque Screwdriver Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Torque Screwdriver Market Absolute $ Opportunity
5. Global Electric Torque Screwdriver Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Torque Screwdriver Market Size and Volume Forecast by Type
5.3.1. Cordless
5.3.2. Corded
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Torque Screwdriver Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Torque Screwdriver Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Household
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Torque Screwdriver Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Torque Screwdriver Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Torque Screwdriver Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Torque Screwdriver Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Torque Screwdriver Demand Share Forecast, 2019-2026
9. North America Electric Torque Screwdriver Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Torque Screwdriver Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Torque Screwdriver Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Household
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Torque Screwdriver Market Size and Volume Forecast by Type
9.7.1. Cordless
9.7.2. Corded
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Torque Screwdriver Demand Share Forecast, 2019-2026
10. Latin America Electric Torque Screwdriver Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Torque Screwdriver Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Torque Screwdriver Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Household
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Torque Screwdriver Market Size and Volume Forecast by Type
10.7.1. Cordless
10.7.2. Corded
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Torque Screwdriver Demand Share Forecast, 2019-2026
11. Europe Electric Torque Screwdriver Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Torque Screwdriver Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Torque Screwdriver Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Household
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Torque Screwdriver Market Size and Volume Forecast by Type
11.7.1. Cordless
11.7.2. Corded
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projetions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Torque Screwdriver Demand Share, 2019-2026
12. Asia Pacific Electric Torque Screwdriver Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Torque Screwdriver Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Torque Screwdriver Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Household
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Torque Screwdriver Market Size and Volume Forecast by Type
12.7.1. Cordless
12.7.2. Corded
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Torque Screwdriver Demand Share, 2019-2026
13. Middle East & Africa Electric Torque Screwdriver Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Torque Screwdriver Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Torque Screwdriver Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Household
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Torque Screwdriver Market Size and Volume Forecast by Type
13.7.1. Cordless
13.7.2. Corded
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Torque Screwdriver Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Torque Screwdriver Market: Market Share Analysis
14.2. Electric Torque Screwdriver Distributors and Customers
14.3. Electric Torque Screwdriver Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley Black & Decker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bosch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Makita
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kolver
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Greenlee (Emerson)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FEIN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dongcheng
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hilti
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kawasaki
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ozito
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dixon Automatic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mountz
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ingersoll Rand
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Gedore-Torque
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
