Electric Screwdriver Market size was valued at US$ 1894.4 Bn. in 2023 and expected to reach US$ 2924.7 Bn. by 2029 at a CAGR of 6.4 % during the forecast period.



Electric Screwdriver Market Overview

The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Electric Screwdriver Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.



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Electric Screwdriver Market Report Scope and Research Methodology

The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Electric Screwdriver Market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Electric Screwdriver Market. To understand Electric Screwdriver Market estimations and growth rates, a bottom-up approach was used in the report.

Regional analysis of the Electric Screwdriver Market was conducted at a local, regional and global level to understand the Electric Screwdriver Market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Electric Screwdriver Market such as stakeholders, investors and new entrants used to develop marketing plans and investments.

The primary and secondary data methods were used for the data collection for the Electric Screwdriver Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Electric Screwdriver Market



Electric Screwdriver Market Regional Insights

The Electric Screwdriver Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Electric Screwdriver Market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.



Electric Screwdriver Market Dynamics:



The MMR report covers all the trends and technologies playing a major role in the growth of the Electric Screwdriver Market over the forecast period. It highlights the drivers, restraints, and opportunities expected to mpact the market growth during 2023-2029.



Electric Screwdriver Market Segmentation:

1. Electric Screwdriver Market, by Type (2023-2029)

1. Cordless
2. Cord
Electric screwdrivers that are corded and those that are cordless make up the different market segments. Over the course of the forecast, the cordless electric screwdrivers segment is anticipated to rule the electric screwdrivers market. Because they are mobile and convenient and run on rechargeable batteries. They are well-liked by DIY enthusiasts, homeowners, and businesspeople who work in small spaces. In order to help with work and provide more accuracy and speed, some cordless electric screwdrivers now have features like built-in LED lighting, torque sensors, and wireless connectivity.

2. Electric Screwdriver Market, by Power Type (2023-2029)

1. AC Electric Screwdriver
2. DC Electric Screwdriver
3. Electric Screwdriver Market, by Application (2023-2029)

1. Industrial
2. Commercial
3. Residential
4. Electric Screwdriver Market, by Distribution Channel (2023-2029)

1. Online Retail
2. Offline Retail
Online retail and offline retail make up the market segments. Within the projected period, it is anticipated that the online retail sector would account for the biggest market shares for electric screwdrivers. Through e-commerce platforms, electric screwdrivers are sold in the online retail industry. The expansion of this market is being driven by online channels, which offer a large variety of product alternatives, competitive pricing, and convenience. The online shopping business has been further stimulated by the rising internet connectivity and smartphone penetration rates. Sales made in brick-and-mortar stores, specialty shops, and hardware stores are included in the offline retail section. Before making a purchase, customers frequently prefer using offline channels so they may inspect and test the product in person. Additionally, many customers enjoy the personalized support and post-sale services offered by physical locations.

5. Electric Screwdriver Market, by End-User Industry (2023-2029)

1. IT & Telecommunication
2. Aerospace & Defense
3. Electronics & Consumer Goods
4. Chemicals
5. Machinery
6. Automotive
7. Healthcare
8. Others

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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.





Key questions answered in the Electric Screwdriver Market are:

Which are the factors expected to drive the Electric Screwdriver Market growth?

What are the factors restraining the growth of the Electric Screwdriver Market?

What is the demand pattern of the Electric Screwdriver Market?

What major challenges could the Electric Screwdriver Market face in the future?

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Key Offerings:

Past Market Size and Competitive Landscape (2023 to 2029)

Past Pricing and price curve by region (2023 to 2029)

Market Size, Share, Size & Forecast by different segment | 2023−2029

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market 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

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

Recommendations

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