According to Arizton’s latest research report, the electric screwdrivers market is growing at a CAGR of 5.44% during 2024-2030.
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Report Scope:
Market Size (2030): $1.52 Billion
Market Size (2024): $1.11 Billion
CAGR (2024-2030): 5.44%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Product, Project, End-User, Distribution Channels, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Market Overview
The global electric screwdrivers market is experiencing significant growth, driven by increasing demand from the automotive sector, DIY and home improvement activities, booming construction, and automation in manufacturing.
Emerging trends include the rising popularity of cordless screwdrivers, ergonomic designs, and increased adoption in woodworking. Technological advancements, such as improved battery technology, smart features, and brushless motors, are enhancing the market. Cordless screwdrivers are favored for their ease of use, while corded screwdrivers remain essential in assembly lines and manufacturing for productivity gains.
Manufacturers are focusing on offering a diverse range of products tailored to portability, convenience, pricing, and efficiency. North America dominates the market due to its industrial base and strong DIY culture, while the APAC region is the fastest-growing market, driven by industrialization, urbanization, and infrastructure development, particularly in China and India.
Dominance of Cordless Electric Screwdrivers is Gaining Momentum
Cordless electric screwdrivers are leading the global market due to their convenience and portability, operating on rechargeable batteries that allow unrestricted movement. These models now feature advanced technologies such as torque sensors, LED lights, and smart connectivity, enabling precise screw driving and data collection for users.
DC-based electric screwdrivers are gaining popularity due to their efficiency, with advancements in motor efficiency, faster charging, and longer battery runtime driving growth. The demand for cordless screwdrivers is rising among professionals in various industries, as well as homeowners and DIYers who seek ease of use in home improvement projects.
The surge in construction activities, repair, and maintenance work is further fueling the demand for cordless electric screwdrivers. Construction companies are increasingly adopting electric tools to enhance efficiency, contributing to market growth during the forecast period.
New Product Development
Distribution Channels for Electric Screwdrivers
Offline Distribution
Offline distribution channels include supermarkets, hypermarkets, retail stores, specialty stores, department stores, and hardware stores. Customers prefer offline stores as they can physically inspect the electric screwdrivers before purchasing. Additionally, direct sales and personalized recommendations from in-store staff help consumers make informed decisions.
Online Distribution
Online distribution channels involve e-commerce platforms, online retailers, and manufacturers’ websites. Consumers can conveniently purchase electric screwdrivers from platforms such as Amazon, eBay, and Flipkart. Increasing internet penetration and smartphone usage have expanded access to a wider audience, encouraging manufacturers to strengthen their online presence, particularly in underdeveloped areas.
Key Vendors
Segmentation Forecasts
Product
Project
End-User
Distribution Channel
Geography
North America
Europe
APAC
Latin America
Middle East & Africa
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the electric screwdrivers market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/electric-screwdrivers-market
What Key Findings Will Our Research Analysis Reveal?
How big is the global electric screwdrivers market?
Which product segment has the largest share in the global electric screwdrivers market?
Which region holds the largest share in the global electric screwdrivers market?
Which project segment provides more business opportunities in the global electric screwdrivers market?
Who are the major players in the global electric screwdrivers market?
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