Lucintel Forecasts the Global Electric Nut Runner Market to Reach $1.1 billion by 2030
Lucintel Forecasts the Global Electric Nut Runner Market to Reach $1.1 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global electric nut runner market looks promising with opportunities in the automotive, aerospace, energy, and shipbuilding markets. The global electric nut runner market is expected to reach an estimated $1.1 billion by 2030 from $0.9 billion in 2024,at a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing need for efficient and flexible fastening tools and emergence of industry 4.0.
A more than 150-page report to understand trends, opportunity and forecast in electric nut runner market to 2030 by type (handheld electric nut runner and fixture electric nut runner), product type (straight model, pistol model, and right-angle), end use industry (automotive, aerospace, energy, shipbuilding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that handheld is expected to witness the highest growth over the forecast period due to its wider variety of applications, including automotive, construction, and manufacturing.
Within the end use industry category, automotive will remain the largest segment due to rising usage of electric nutrunner in passenger and commercial vehicles.
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In terms of regions, Europe is expected to witness the highest growth over the forecast period due to the rising installation of wind turbines and presence of a significant automotive industry and home appliance manufacturing facilities in the region.
Bosch Rexroth, Alberts Manufacturing, Scaffdex, Desoutter Industrial Tools, Ingersoll Rand, Atlas Copco Power Technique are the major suppliers in the electric nut runner market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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