Electric Screwdriver Market Set to Witness Explosive Growth by 2027
A research team conducted extensive primary and secondary research for the worldwide industry’s Electric Screwdriver Market study. Secondary research was conducted to supplement existing data, segment the market, estimate total market size, and forecast market size and growth rate.
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to produce worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then checked using primary data.
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By defining and analyzing market segments and predicting market size, the study aids inunderstanding the Electric Screwdriver Market dynamic structure. The research also includes a competitiveanalysis of important companies based on pricing, financial situation, application growth plans, and geographical presence. The research also includes a PESTLE analysis to help shareholders prioritizetheir efforts and investments in the Electric Screwdriver Market shortly.
External and internal elements that are expected to have a favorable or negative effect on the business have been studied, providing decision-makers with a clear future vision of the industry. The study also aids in understanding the dynamic structure of the Electric Screwdriver Market by examiningmarket segments and predicting Electric Screwdriver Market t size. The research serves as an investor’s guide by providing a clear depiction of competition analysis of major companies in the Electric Screwdriver Market by pricing, financial situation,
By 2027, the market for electric screwdrivers could grow to USD 440.58 million.
Segmentation:
The motor of cordless screwdrivers is powered by a rechargeable lithium-ion battery. Due to their portability and compact size, these screwdrivers are widely used in both domestic and professional settings. The segment’s growth is supported by ease of use. The demand for cordless screwdrivers in high-power applications is anticipated to increase as lithium-ion battery technology continues to advance. Corded screwdrivers are still the tool of choice for low-power applications. Additionally anticipated to develop significantly during the projection period is the cord category. Because corded electric screwdrivers are now commonly used for high-power tasks.
key players
• Kawasaki Heavy Industries, Ltd.
• Robert Bosch Tool Corporation
• Hitachi, Ltd.
• Kolver srl
• Suzhou Everich Imp. & Exp. Co., Ltd.
• LUN-YUAN ENTERPRISE CO., LTD.
• Kilews Industrial Co., Ltd.
• Stanley Black & Decker, Inc.
• Makita Corporation
• Chevron Holdings Limited
• The Positec Tool Corporation
• FEIN Power Tools Inc.
• Harbor Freight Tools USA Inc.
• Mountz, Inc.
• Metabowerke GmbH
• ASA Enterprise Co. Ltd.
• Dewalt
• Nitto Kohki Co., Ltd.
• Sumake Industrial Co., Ltd.
• Vessel Co., Inc.
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Which firm had the biggest market share in the Electric Screwdriver Market ?
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