United States Nutrunner Market to be dominated by Electric Nutrunner till 2027
Surge in technological
advancements and increase in demand for automation technology in manufacturing
industry and are expected to drive the demand for United States nutrunner
market through the forecast period, 2023-2027.
According
to TechSci Research report, “United States Nutrunner Market By Type (Electric
Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner), By Distribution
Channel (In store and Online), By End-User Industry (Construction, Industrial,
Automotive, and Others), By Region, Competition Forecast & Opportunities,
2027”,
the United States nutrunner market is expected to grow at a steady CAGR in the
forecast period, 2023-2027. The growing need to improve productivity, maximum
process reliability, and quality control in the production line is expected to
drive the demand of the United States nutrunner market. Nutrunner is used in
precision fastening and assembly applications as it can offer tight torque
control. Nutrunners are preferred over nut drivers as they are more compact,
accurate, convenient, easy to use, and lower the overall operation time.
Nutrunner
is a tool used for tightening nuts, bolts, and screws in tight spaces. There
are different kinds of nutrunner available in the market, including electric
nutrunner, pneumatic nutrunner, and hydraulic nutrunner. They are used for various
applications in other industries such as aerospace, shipbuilding, engineering,
and machinery as nutrunner provide adequate and safe solutions to enterprises.
With the constant growth of the end-user industries and the need to manufacture
fast and quality products, nutrunners are used in assembling lines.
However,
the high initial purchasing cost of nutrunner and requirement of skilled labor
to operate and daily interval maintenance of nutrunner may restrain the market
growth in the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "United States Nutrunner Market"
The
United States nutrunner market is segmented into type,
distribution channel, end-user industry, regional distribution, and company.
Based on type, the market is divided
into electric nutrunner, pneumatic nutrunner, and hydraulic nutrunner. Electric
nutrunner is dominating the market and is expected to maintain its dominance
throughout the forecast period, 2023-2027. Electric nutrunner are lightweight
and portable. Applications of electric nutrunner include beveling, reaming,
expanding, tightening, taping, and turning. Electric nutrunner is used to manufacture
small quantities. They offer high flexibility as they allow to operate in
hard-to-reach positions and can easily accommodate frequent product changes.
Also, growing customer expectations and cost pressure, and strict regulations
producing quality products have led to increased adoption of electric nutrunner
in industries to boost higher productivity and reliability.
Based on the distribution channel, the
market is bifurcated into in store and online. The online distribution channel
is expected to witness the fastest incremental growth in the next five years
due to the shift in consumer preference to buy through online platforms. They
offer enhanced convenience and comfort to customers instead of physically
visiting the stores. Also, market players are offering products at lucrative
discounts with additional facilities like quick doorstep delivery, warranty
options, and easy exchange options, which is further expected to boost the
United States nutrunner market growth in the forecast period.
Based on end-user industry, the market
is divided into construction, industrial, automotive, and others. The
construction industry is expected to capture a higher market share in the
forecast period as it is one of the major contributors to the United States
economy and requires the use of nutrunner for various applications.
Construction of buildings requires fixing doors and windows for which nutrunner
can be used as it speeds up the process.
Major market platers operating in the
United States nutrunner market are:
- Aimco Global
- Atlas Copco AB
- Bosch Rexroth AG
- Dai-Ichi Dentsu Ltd.
- Estic Corporation
- Ingersoll Rand Inc.
- ITH bolting Technology
- Maschinenfabrik Wagner GmbH & Co.AG
- Sanyo Machine Works Ltd.
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“Market players are launching advanced
nutrunner with higher performance and accuracy than the traditional nutrunner
to stay ahead. The launch of wi-fi enabled cordless nutrunner is expected to
garner significant customer attraction as it provides complete control during
operation, large display and allows the tool to connect to any mobile device.
Increased investments in R&D activities by the market players to find
innovative solutions to deliver fast, safe and cost-efficient nutrunner with
higher battery capacity is expected to propel the United States nutrunner
market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United States Nutrunner
Market By Type (Electric Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner),
By Distribution Channel (In store and Online), By End-User Industry
(Construction, Industrial, Automotive, and Others), By Region, Competition
Forecast & Opportunities, 2027”, has evaluated the future
growth potential of United States nutrunner market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United States nutrunner market.
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