Market Overview:
The global electric 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 screwdriver market can be attributed to the increasing demand for cordless electric screwdrivers and rising demand for industrial and household applications. North America is expected to lead the global electric screwdriver market in terms of revenue, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
An electric screwdriver is a handheld power tool that uses an electric motor to rotate a cylindrical shaft with a screwdriver bit at the end. It is used to tighten and loosen screws.
Cordless:
Cordless electric screwdrivers are the latest trend in power tools market. The primary factor responsible for its growth is time saving. Cordless screwdrivers have batteries and hence they can be used anywhere without any hassles of extension cord or plugging into an electrical outlet. These devices are user friendly and provide ease of operation to the users, which is driving the market growth factor.
Cord:
Cord is the flexible electrical wire that connects the power source to electric screwdrivers. It is widely used in electric screwdrivers for powering various equipment such as air compressor, drill driver, saws and many more. Cordless electric screwdriver has a rechargeable battery integrated with it which makes it cordless and portable. The market size of cordless tools is expected to witness significant growth over the forecast period owing to their easy mobility and less time consumed when compared with traditional tools.
Application Insights:
The industrial application segment accounted for the largest share of over 50% in 2017. The growth is attributed to the increasing demand for electric screwdrivers from various industries, such as construction, automotive and transportation, electronics and semiconductor, medical equipment and appliances manufacturing. In addition to this, factors such as growing urbanization leading to an increase in construction activities across developing countries are expected to drive the product demand over the forecast period.
The household application segment is projected register a CAGR of XX% from 2018 to 2030 owing Screwdriver Corporation¢â‚¬â„¢s existing portfolio of products that include DeWalt¢â‚¬â„¢s 18Volt-40Volt cordless drill/ driver along with other models by Makita.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in industrial activities, which is subsequently driving demand for electric screwdrivers. China, India, Japan and South Korea are some of the prominent countries that have witnessed significant growth in industrial output since past few years owing to rapid urbanization and growing population. These factors are anticipated to drive product demand further over the next eight years.
North America accounted for a share of more than 20% in terms of revenue generated by global electric screwdriver market due to high penetration of power tool manufacturers such as DeWalt Corporation; Milwaukee Electric Tool Company; Stanley Black And Decker Inc.; Emerson Electric Co.; among others across this region coupled with rising consumer awareness regarding DIY projects at home as well as abroad.
Growth Factors:
- Increasing demand for electric screwdrivers in the automotive and construction industries.
- Rising popularity of cordless electric screwdrivers.
- Growing demand for precision-engineered electric screwdrivers from small and medium enterprises (SMEs).
- Proliferation of online retail platforms that offer a wide range of electric screwdriver models at competitive prices.
- Increasing adoption of battery-powered electric screwdrivers in DIY applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Screwdriver Market Research Report
By Type
Cordless, Cord
By Application
Industrial, Household
By Companies
Stanley Black & Decker, Bosch, Makita, Ken, TTI, Positec, FEIN, Dongcheng, Hitachi, Hilti, Kawasaki, Chervon Holdings, Ozito, Dixon Automatic, Mountz, XU1 Powertools
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Electric Screwdriver Market Report Segments:
The global Electric Screwdriver market is segmented on the basis of:
Types
Cordless, Cord
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
- Ken
- TTI
- Positec
- FEIN
- Dongcheng
- Hitachi
- Hilti
- Kawasaki
- Chervon Holdings
- Ozito
- Dixon Automatic
- Mountz
- XU1 Powertools
Highlights of The Electric 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
- Cord
- 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 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 screwdriver is a tool that uses an electric motor to turn screws.
Some of the major players in the electric screwdriver market are Stanley Black & Decker, Bosch, Makita, Ken, TTI, Positec, FEIN, Dongcheng, Hitachi, Hilti, Kawasaki, Chervon Holdings, Ozito, Dixon Automatic, Mountz, XU1 Powertools.
The electric screwdriver market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Screwdriver Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Screwdriver Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Screwdriver Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Screwdriver Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Screwdriver Market Size & Forecast, 2020-2028
4.5.1 Electric Screwdriver Market Size and Y-o-Y Growth
4.5.2 Electric Screwdriver Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cordless
5.2.2 Cord
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Screwdriver Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Screwdriver Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cordless
9.6.2 Cord
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cordless
10.6.2 Cord
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cordless
11.6.2 Cord
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cordless
12.6.2 Cord
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cordless
13.6.2 Cord
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Screwdriver Market: Competitive Dashboard
14.2 Global Electric Screwdriver Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stanley Black & Decker
14.3.2 Bosch
14.3.3 Makita
14.3.4 Ken
14.3.5 TTI
14.3.6 Positec
14.3.7 FEIN
14.3.8 Dongcheng
14.3.9 Hitachi
14.3.10 Hilti
14.3.11 Kawasaki
14.3.12 Chervon Holdings
14.3.13 Ozito
14.3.14 Dixon Automatic
14.3.15 Mountz
14.3.16 XU1 Powertools
