Electric Screwdriver Market Current Status and Future Prospects till 2032 | IMR

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Electric Screwdriver Market Overview:

Electric Screwdriver Market Size is Valued at USD 1.36 Billion in 2023, and is Projected to Reach USD 2.25 Billion by 2032, Growing at a CAGR of 6.50% From 2024-2032.

The Electric Screwdriver segment in the market refers to power tools that utilize an electric motor to drive screws, offering better precision than manual methods. They are employed in various sectors such as electronics, automotive, construction, and manufacturing, among others, to satisfy the fastening demands of both professionals and home users. The rise in automated machinery usage over the past few years and advancements in battery technology for cordless devices are the main drivers of this market's global expansion.      

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Electric Screwdriver Market Top Key Players:

  • Bosch Power Tools (Germany)
  • Stanley Black & Decker, Inc. (United States)
  • Makita Corporation (Japan)
  • Hilti Corporation (Liechtenstein)
  • Panasonic Corporation (Japan)
  • Ingersoll Rand (United States)
  • FEIN Power Tools Inc. (Germany)
  • Hitachi Koki Co., Ltd. (Japan)
  • Metabo HPT (Germany)
  • Snap-on Incorporated (United States), Other Active Players.

Electric Screwdriver Market Segment Analysis:

By Type

  • Corded Electric Screwdrivers
  • Cordless Electric Screwdrivers

By Product Type

  • Pistol Grip Electric Screwdrivers
  • Straight Electric Screwdrivers
  • Right Angle Electric Screwdrivers

By Torque Range

  • Low Torque (Up to 5 Nm)
  • Medium Torque (5–10 Nm)
  • High Torque (Above 10 Nm)

By End User

  • Electronics
  • Automotive
  • Construction
  • Aerospace & Defense
  • Furniture
  • Manufacturing & Assembly

By Region:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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