Market Overview:
The global electric spanner market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric spanner market can be attributed to the increasing demand for electric spanners in automotive and heavy equipment repair applications. Additionally, the growing demand for pulse type electric spanners is also contributing to the growth of this market. North America is expected to lead the global electric spanner market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
An electric spanner is a tool that is used to tighten or loosen nuts and bolts. It is powered by electricity and has a socket on one end that can be fitted onto the nut or bolt, and a handle on the other end. Electric spanners are important because they make it easy to tighten or loosen nuts and bolts, which can be difficult to do by hand.
Conventional Electric Spanners:
Conventional electric spanner is a tool that helps in tightening or loosening bolts and screws. It has an advantage over wrenches as the latter are likely to damage the screw head, whereas the former provides greater leverage with less stress on the hand. The conventional electric spanner is also known as a hexagonal wrench or chequered wrench owing to its patterned handle.
The global conventional electric spanners market was valued at USD 1,37,500 million in 2015.
Pulse Type Electric Spanners:
Pulse type electric spanners are used to tighten or release nuts and bolts in electrical equipment. They have a short-lived pulse of high voltage which is applied across the spanner surface, this causes the metal to heat up and expand rapidly, making it easier to remove or insert.
The first patent for an electric spanner was filed by British engineer William Armstrong in 1832; he developed a mechanical device that could be attached to a hammer for generating electricity.
Application Insights:
The automotive repair segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for electric spanner sets in automobiles, especially from countries such as China, Japan and Germany where public transportation uses heavy machinery such as trucks. Moreover, growing awareness regarding better maintenance practices among consumers is expected to fuel product demand over the coming years.
The construction segment was valued at USD 536 million in 2017 owing to rising use of electric tools particularly impact drivers and hammer drill by professionals engaged in heavy construction activities across various regions including North America, Europe and Asia Pacific.
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 rapid growth in infrastructure development, which is resulting in increased demand for heavy machinery. This trend is projected to continue over the next eight years, thereby driving product demand across various industries including construction and automotive repair.
The growing manufacturing sector across developing economies such as China and India are also anticipated to drive product demand from 2018 to 2030.
North America accounted for a significant share of revenue generated by Pulse-type electric spanner owing their high application scope across several industries including automobile repair, heavy equipment repair etc.
Growth Factors:
- Increasing demand from automotive and aerospace industries for electric spanners
- Rising popularity of electric spanners among DIY enthusiasts and home users
- Growing awareness about the benefits of using electric spanners over traditional hand tools
- Proliferation of online retail platforms that offer a wide range of electric spanners at competitive prices
- Technological advancements that have led to the development of more powerful and durable electric spanners
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Spanner Market Research Report
By Type
Conventional Electric Spanners, Pulse Type Electric Spanners
By Application
Automotive Repair, Heavy Equipment Repair, Others
By Companies
Stanley Black&Decker, Bosch, TTI, Makita, Hitachi Koki, FEIN Power Tools, Hilti, Metabo, Snap-on, ANJIESHUN
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Electric Spanner Market Report Segments:
The global Electric Spanner market is segmented on the basis of:
Types
Conventional Electric Spanners, Pulse Type Electric Spanners
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
Automotive Repair, Heavy Equipment Repair, Others
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
- TTI
- Makita
- Hitachi Koki
- FEIN Power Tools
- Hilti
- Metabo
- Snap-on
- ANJIESHUN
Highlights of The Electric Spanner 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:
- Conventional Electric Spanners
- Pulse Type Electric Spanners
- By Application:
- Automotive Repair
- Heavy Equipment Repair
- Others
- 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 Spanner 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 spanner is a tool used to tighten or loosen screws, bolts and other fasteners.
Some of the major players in the electric spanner market are Stanley Black&Decker, Bosch, TTI, Makita, Hitachi Koki, FEIN Power Tools, Hilti, Metabo, Snap-on, ANJIESHUN.
The electric spanner 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 Spanner 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 Spanner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Spanner 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 Spanner 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 Spanner Market Size & Forecast, 2018-2028
4.5.1 Electric Spanner Market Size and Y-o-Y Growth
4.5.2 Electric Spanner Market Absolute $ Opportunity
Chapter 5 Global Electric Spanner 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 Electric Spanner Market Size Forecast by Type
5.2.1 Conventional Electric Spanners
5.2.2 Pulse Type Electric Spanners
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Spanner 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 Electric Spanner Market Size Forecast by Applications
6.2.1 Automotive Repair
6.2.2 Heavy Equipment Repair
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Spanner 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 Spanner 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 Electric Spanner Analysis and Forecast
9.1 Introduction
9.2 North America Electric Spanner 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 Electric Spanner Market Size Forecast by Type
9.6.1 Conventional Electric Spanners
9.6.2 Pulse Type Electric Spanners
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 Electric Spanner Market Size Forecast by Applications
9.10.1 Automotive Repair
9.10.2 Heavy Equipment Repair
9.10.3 Others
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 Electric Spanner Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Spanner 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 Electric Spanner Market Size Forecast by Type
10.6.1 Conventional Electric Spanners
10.6.2 Pulse Type Electric Spanners
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 Electric Spanner Market Size Forecast by Applications
10.10.1 Automotive Repair
10.10.2 Heavy Equipment Repair
10.10.3 Others
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 Electric Spanner Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Spanner 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 Electric Spanner Market Size Forecast by Type
11.6.1 Conventional Electric Spanners
11.6.2 Pulse Type Electric Spanners
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 Electric Spanner Market Size Forecast by Applications
11.10.1 Automotive Repair
11.10.2 Heavy Equipment Repair
11.10.3 Others
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 Electric Spanner Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Spanner 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 Electric Spanner Market Size Forecast by Type
12.6.1 Conventional Electric Spanners
12.6.2 Pulse Type Electric Spanners
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 Electric Spanner Market Size Forecast by Applications
12.10.1 Automotive Repair
12.10.2 Heavy Equipment Repair
12.10.3 Others
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) Electric Spanner Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Spanner 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) Electric Spanner Market Size Forecast by Type
13.6.1 Conventional Electric Spanners
13.6.2 Pulse Type Electric Spanners
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) Electric Spanner Market Size Forecast by Applications
13.10.1 Automotive Repair
13.10.2 Heavy Equipment Repair
13.10.3 Others
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 Spanner Market: Competitive Dashboard
14.2 Global Electric Spanner 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 TTI
14.3.4 Makita
14.3.5 Hitachi Koki
14.3.6 FEIN Power Tools
14.3.7 Hilti
14.3.8 Metabo
14.3.9 Snap-on
14.3.10 ANJIESHUN
