Market Overview:
The global industrial electric screwdrivers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric screwdrivers in construction and engineering applications, owing to their high efficiency and precision. Additionally, the growing demand for cordless electric screwdrivers is also contributing to the growth of this market. However, factors such as limited battery life and high replacement costs are restraining its growth. On the basis of type, corded electric screwdrivers held a major share of the global industrial electric screwdriver market in 2017. This can be attributed to their easy availability and low cost as compared to cordless electric screwdrivers. However, with advancements in technology and increasing demand for portability and convenience, cordless electric screwdrivers are expected to witness higher growth during the forecast period. Based on application, construction engineering held a dominant share of the global industrial electric Screwdriver Market in 2017 due its widespread use across various end-use industries such as automotive manufacturing, aerospace engineering etc., where precision assembly is critical for product quality & performance .
Product Definition:
industrial electric screwdriver is a type of electric screwdriver that is used for industrial purposes. It has a higher power rating than regular electric screwdrivers and can be used to tighten or loosen screws in heavier-duty applications.
Cordless Electric Screwdrivers:
Cordless electric screwdrivers are the latest trend in the market and have been gaining popularity among consumers. The primary factor responsible for its growing popularity is their convenience. Cordless electric screwdrivers eliminate the need to plug in devices, thereby eliminating an essential part of cord management. They also provide increased portability, allowing users to carry devices from one job site to another without having to re-plug them or deal with extension cords.
Corded Electric Screwdrivers:
Corded electric screwdrivers are battery-powered tools that are used to drive screws. They have a cord that plugs into an electrical outlet and then connects to the tool via a power supply. The power is provided by two or four C cells (battery). There are different types of corded electric screwdrivers available in the market based on their applications such as airtight fittings, fastening materials, machine parts assembling etc.
Application Insights:
The construction engineering segment dominated the global industry electric screwdrivers market in 2017. This is attributed to the rising demand for electricians and increasing infrastructure activities globally. The growth of this segment can be attributed to factors such as growing urbanization, changing lifestyles, technological advancements in construction equipment and materials handling systems, etc.
In recent years there has been a shift towards adopting non-cordless power tools owing to their ease of use along with benefits such as cost-effectiveness and reduced environmental impact. Manufacturers are focusing on developing cordless products that offer high performance at an affordable price while maintaining quality standards required by end users worldwide.
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 economic growth on account of increasing foreign investments coupled with rising manufacturing activities. Growing construction sector due to rapid urbanization and growing population in developing countries such as China, India, Thailand, Indonesia, Vietnam and Philippines is also anticipated to drive product demand over the next eight years.
The Asia Pacific regional market was followed by Europe which accounted for a share of more than 20% in terms of revenue in 2017 owing to high product adoption rates especially across Germany, U.K.
Growth Factors:
- Increasing demand for electric screwdrivers in the automotive and aerospace industries due to the growing trend of miniaturization and lightweighting.
- Rising demand for industrial electric screwdrivers from small- and medium-sized enterprises (SMEs) due to the increasing popularity of automation in manufacturing processes.
- Growing demand for electric screwdrivers with torque control features as they are increasingly being used in applications that require precision assembly work.
- Increasing adoption of industrial electric screwdrivers by original equipment manufacturers (OEMs) as a result of rising labor costs and stringent quality control requirements across various industries.
- Proliferation of advanced technologies such as artificial intelligence (AI) and machine learning that are helping improve the accuracy, speed, and efficiency of industrial electric screwdriver operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Electric Screwdrivers Market Research Report
By Type
Cordless Electric Screwdrivers, Corded Electric Screwdrivers
By Application
Construction Engineering, Mechanical Engineering, Others
By Companies
Stanley Black & Decker, Bosch, Makita, Ken Holding, TTI, Positec, FEIN Power Tools, Jiangsu Dongcheng, Hitachi, Hilti, Kawasaki, Sumake, Chervon Holdings, Ozito, Dixon Automatic, Mountz, XU1 Powertools, ASA Enterprise Corp, Kilews
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 Industrial Electric Screwdrivers Market Report Segments:
The global Industrial Electric Screwdrivers market is segmented on the basis of:
Types
Cordless Electric Screwdrivers, Corded Electric Screwdrivers
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
Construction Engineering, Mechanical Engineering, 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
- Makita
- Ken Holding
- TTI
- Positec
- FEIN Power Tools
- Jiangsu Dongcheng
- Hitachi
- Hilti
- Kawasaki
- Sumake
- Chervon Holdings
- Ozito
- Dixon Automatic
- Mountz
- XU1 Powertools
- ASA Enterprise Corp
- Kilews
Highlights of The Industrial Electric Screwdrivers 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 Electric Screwdrivers
- Corded Electric Screwdrivers
- By Application:
- Construction Engineering
- Mechanical Engineering
- 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 Industrial Electric Screwdrivers 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?
Industrial electric screwdrivers are tools that are used in factories and other industrial settings. They typically have a longer handle than standard screwdrivers, which makes them easier to use for extended periods of time. They also tend to have more power than standard screwdrivers, which is useful for removing screws with stubbornly tight heads.
Some of the major players in the industrial electric screwdrivers market are Stanley Black & Decker, Bosch, Makita, Ken Holding, TTI, Positec, FEIN Power Tools, Jiangsu Dongcheng, Hitachi, Hilti, Kawasaki, Sumake, Chervon Holdings, Ozito, Dixon Automatic, Mountz, XU1 Powertools, ASA Enterprise Corp, Kilews.
The industrial electric screwdrivers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Electric Screwdrivers 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. Industrial Electric Screwdrivers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Electric Screwdrivers Market - Supply Chain
4.5. Global Industrial Electric Screwdrivers Market Forecast
4.5.1. Industrial Electric Screwdrivers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Electric Screwdrivers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Electric Screwdrivers Market Absolute $ Opportunity
5. Global Industrial Electric Screwdrivers 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. Industrial Electric Screwdrivers Market Size and Volume Forecast by Type
5.3.1. Cordless Electric Screwdrivers
5.3.2. Corded Electric Screwdrivers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Electric Screwdrivers 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. Industrial Electric Screwdrivers Market Size and Volume Forecast by Application
6.3.1. Construction Engineering
6.3.2. Mechanical Engineering
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Electric Screwdrivers 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. Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers 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. Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers Demand Share Forecast, 2019-2026
9. North America Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers Market Size and Volume Forecast by Application
9.4.1. Construction Engineering
9.4.2. Mechanical Engineering
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Electric Screwdrivers Market Size and Volume Forecast by Type
9.7.1. Cordless Electric Screwdrivers
9.7.2. Corded Electric Screwdrivers
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 Industrial Electric Screwdrivers Demand Share Forecast, 2019-2026
10. Latin America Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers Market Size and Volume Forecast by Application
10.4.1. Construction Engineering
10.4.2. Mechanical Engineering
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Electric Screwdrivers Market Size and Volume Forecast by Type
10.7.1. Cordless Electric Screwdrivers
10.7.2. Corded Electric Screwdrivers
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 Industrial Electric Screwdrivers Demand Share Forecast, 2019-2026
11. Europe Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers Market Size and Volume Forecast by Application
11.4.1. Construction Engineering
11.4.2. Mechanical Engineering
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Electric Screwdrivers Market Size and Volume Forecast by Type
11.7.1. Cordless Electric Screwdrivers
11.7.2. Corded Electric Screwdrivers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Industrial Electric Screwdrivers Demand Share, 2019-2026
12. Asia Pacific Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers Market Size and Volume Forecast by Application
12.4.1. Construction Engineering
12.4.2. Mechanical Engineering
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Electric Screwdrivers Market Size and Volume Forecast by Type
12.7.1. Cordless Electric Screwdrivers
12.7.2. Corded Electric Screwdrivers
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 Industrial Electric Screwdrivers Demand Share, 2019-2026
13. Middle East & Africa Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers 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 Industrial Electric Screwdrivers Market Size and Volume Forecast by Application
13.4.1. Construction Engineering
13.4.2. Mechanical Engineering
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Electric Screwdrivers Market Size and Volume Forecast by Type
13.7.1. Cordless Electric Screwdrivers
13.7.2. Corded Electric Screwdrivers
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 Industrial Electric Screwdrivers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Electric Screwdrivers Market: Market Share Analysis
14.2. Industrial Electric Screwdrivers Distributors and Customers
14.3. Industrial Electric Screwdrivers 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. Ken Holding
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TTI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Positec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FEIN Power Tools
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangsu Dongcheng
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hilti
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kawasaki
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sumake
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chervon Holdings
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ozito
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dixon Automatic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mountz
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. XU1 Powertools
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ASA Enterprise Corp
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Kilews
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
