What is Global Electric Nutrunner Market?
The Global Electric Nutrunner Market is a comprehensive study of the global market trends and growth prospects in the field of electric nutrunners. Electric nutrunners are tools used for tightening nuts and bolts with a controlled torque. They are widely used in various industries such as automotive, manufacturing, and construction due to their efficiency and precision. The global market for these tools is growing at a steady pace, driven by technological advancements and increasing demand from various end-use industries. In 2022, the market was valued at US$ 436 million and is expected to reach US$ 607.7 million by 2029, growing at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029.
Handheld Electric Nutrunner, Fixtured Electric Nutrunner in the Global Electric Nutrunner Market:
Handheld Electric Nutrunners and Fixtured Electric Nutrunners are two main types of electric nutrunners available in the Global Electric Nutrunner Market. Handheld Electric Nutrunners are portable and easy to use, making them ideal for applications that require mobility and flexibility. They are commonly used in automotive repair shops, construction sites, and other places where mobility is essential. On the other hand, Fixtured Electric Nutrunners are typically mounted on a fixed stand or fixture. They are used in applications that require high precision and consistency, such as assembly lines in manufacturing plants. Both types of electric nutrunners offer advantages in terms of efficiency, precision, and ease of use, contributing to their growing popularity in various industries.
Automotive, Transportation, Machinery Manufacturing, Others in the Global Electric Nutrunner Market:
The Global Electric Nutrunner Market finds its usage in several areas including Automotive, Transportation, Machinery Manufacturing, among others. In the automotive industry, electric nutrunners are used in the assembly of vehicles, where they help in tightening nuts and bolts with precision and consistency. In the transportation sector, they are used in the maintenance and repair of various types of vehicles, including cars, trucks, and airplanes. In machinery manufacturing, electric nutrunners are used in the assembly of various types of machinery, where they help in ensuring the proper functioning of the machinery by tightening nuts and bolts with the required torque. Other areas where electric nutrunners are used include construction, electronics, and home appliances, among others.
Global Electric Nutrunner Market Outlook:
The Global Electric Nutrunner Market outlook highlights that the market was valued at US$ 436 million in 2022 and is projected to reach a value of US$ 607.7 million by 2029. This indicates a steady growth rate of 4.8% during the forecast period from 2023 to 2029. Europe holds the largest share of the market, accounting for approximately 43% of the total market. North America follows closely, holding about 24% of the market share. The top three companies in the market hold about 40% of the total market share, indicating a high level of market concentration.
| Report Metric | Details |
| Report Name | Electric Nutrunner Market |
| Accounted market size in 2022 | US$ 436 in million |
| Forecasted market size in 2029 | US$ 607.7 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Bosch Rexroth, Atlas Copco, ESTIC Corporation, Apex Tool Group, Dai-ichi Dentsu, STANLEY Engineered Fastening, Sanyo Machine Works, ALFING Montagetechnik (AMT), Ingersoll Rand, Nitto Seiko, FEC Inc., Maschinenfabrik Wagner, Tone, HYTORC, AIMCO, Desoutter Industrial Tools, CORETEC |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
