The size of the global electric screwdriver market was estimated at USD 421.80 million in 2023. From 2024 to 2030, the market is projected to rise by 1.12%, to reach approximately USD 456.00 million.
Electric Screwdriver Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Electric Screwdriver Market .The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Electric Screwdriver Market by thorough analysis, and projections are made up to 2030.
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Electric Screwdriver Market Scope and Methodology:
This report analyzes the Electric Screwdriver Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Electric Screwdriver Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Electric Screwdriver Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Electric Screwdriver Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Electric Screwdriver Market across different countries and regions.
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Electric Screwdriver Market Segmentation
by Product
Cordless
Cord
The market is divided into two segments based on the kind of product: corded and cordless electric screwdrivers. Over the course of the forecast period, the cordless electric screwdrivers segment is anticipated to dominate the electric screwdrivers market. because they are mobile and convenient and run on rechargeable batteries. They are well-liked by professionals who work in small spaces, homeowners, and do-it-yourselfers. In order to help with tasks and offer more precision and speed, several cordless electric screwdrivers now have features like integrated LED lighting, torque sensors, and wireless connectivity.
by Power Type
AC Electric Screwdriver
DC Electric Screwdriver
by Application
Industrial
Commercial
Residential
by End-User Industry
IT & Telecommunication
Aerospace & Defense
Electronics & Consumer Goods
Chemicals
Machinery
Automotive
Healthcare
Others
by Distribution Channel
Online Retail
Offline Retail
The market is divided into two segments: online retail and offline retail, based on the distribution channel. Over the course of the projection period, the online retail segment is anticipated to have the biggest market shares for electric screwdrivers. Electric screwdriver sales via online shopping platforms are included in this category. The expansion of this market is being driven by the abundance of product selections, competitive pricing, and convenience offered by online channels. The online shopping business has been further propelled by the growing ubiquity of smartphones and internet connectivity. Sales through hardware stores, speciality stores, and brick-and-mortar stores make up the offline retail segment. Before making a purchase, customers frequently favor offline channels where they can personally see and try the product. Furthermore, many customers like the in-person support and post-purchase services offered by physical retailers.
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Electric Screwdriver Market Key Players
1. Kawasaki Heavy Industries, Ltd.
2. Robert Bosch Tool Corporation
3. Hitachi, Ltd.
4. Panasonic
5. Kolver srl
6. Suzhou Everich Imp. & Exp. Co., Ltd.
7. LUN-YUAN ENTERPRISE CO., LTD.
8. Kilews Industrial Co., Ltd.
9. Stanley Black & Decker, Inc.
10. Makita Corporation
11. Chevron Holdings Limited
12. The Positec Tool Corporation
13. FEIN Power Tools Inc.
14. Harbor Freight Tools USA Inc.
15. Mountz, Inc.
16. Metabowerke GmbH
17. ASA Enterprise Co. Ltd.
18. Dewalt
19. Nitto Kohki Co., Ltd.
20. Sumake Industrial Co., Ltd.
21. Vessel Co., Inc.
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Key questions answered in the Electric Screwdriver Market are:
- What is Electric Screwdriver ?
- What was the Electric Screwdriver Market size in 2023?
- What are the upcoming opportunities and trends for the Electric Screwdriver Market ?
- What are the different segments of the Electric Screwdriver Market ?
- Which are the factors expected to drive the Electric Screwdriver Market growth?
- What growth strategies are the players considering to increase their presence in Electric Screwdriver ?
- Who are the leading companies and what are their portfolios in Electric Screwdriver Market ?
- Who are the key players in the Electric Screwdriver Market?
- What is the CAGR at which the Electric Screwdriver Market will grow during the forecast period?
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Key Offerings
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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