Automated Industrial Nailers Market Report Overview
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The global automated industrial nailers market size is anticipated to be worth USD 1.3724 billion in 2022 and is projected to touch USD 1.7128 billion by 2028 with a CAGR of 3.2% during the forecast period.
Industrial nailers are also known by the name nail gun. The main purpose of using these nailers is to drive nails into metal, wood, or any other kind of materials. These products have a lot of demand in the recent days and have a great scope.
Many advancements and discoveries are being made in the market. These advancements and developments have brought about a change in the industry. The increasing demand for this product is widening the market scope. This is identified as the latest trend in the market currently.
This has provided greater growth opportunities to the crucial players in the industry. Key players in the market have taken a step further to increase their investments and fundings, especially in this industry. This in turn has brought out many improvements. All the industrial personas and constructers are becoming more reliant on improvised tools and industrial nailers are top on the list. The major reason for this is the superior features of the industrial nailers. These nailers are technologically advanced and have many improvised features. These act as the factors driving the market growth.
COVID-19 Impact: Decline in The Industrial Growth Decreased the Market Share
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The pandemic of COVID-19 brought down the global economy. Many industries were badly affected and suffered due to the low demand. Because of the sudden lockdown and the restrictions that were imposed during the pandemic there was a significant decrease in the industrial growth.
During the pandemic the there was a sharp decline in the industrial growth, due to the restrictions that were imposed. The non-availability of raw materials and skilled labors also brought down the global automated industrial nailers market share. after pandemic when all the restrictions were removed there has been a boom in the market and it is also anticipated to grow substantially during the forecast period due to the rapid urbanization and technological developments.
LATEST TRENDS
"Increasing Demand for Constructing Activities to Increase the Market Growth"
The global automated industrial nailers market has seen a drastic growth and expansion after the pandemic majorly because of its huge application in the construction industries. There are many innovations and advancements that are seen in the market. The increasing demand for advanced construction tools is identified as the latest trend in the market currently.
This has provided greater growth opportunities to the crucial players in the industry. These nailers are very helpful in efficiently completing the constructing activities, hence contributing to the rapid development of the market. This is considered as the latest innovation and the emerging trend in the market.
Automated Industrial Nailers Market Segmentation
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- By Type:
The market can be divided on the basis of type into the following segments: Framing Nailers, Roofin Nailers, Flooring Nailers, Brad Nailers, Coil Nailers, Finish Nailers, Stapler Nailers and, other. The framing nailers segment is anticipated to dominate the market during the forecast period.
- By Application:
Based on application, the market share is bifurcated into the following segments: Residential, Commercial. The residential segment is expected to dominate the market during the forecast period.
DRIVING FACTORS
"Increasing Urbanization and Industrialization to Amplify Market Growth"
There has been a boom in the market after the pandemic. The industry is also expected to witness a rapid growth during the forecast period. This will in turn increase the market growth. Many factors have contributed to the growth of the industry in the recent years.
Key players in the market have taken a step further to increase their investments and fundings, especially in the industries and in the field of construction. This in turn has brought out many improvements. All the industrial personas and constructers are becoming more reliant on improvised tools and industrial nailers are top on the list. This has been a major driving factor for amplifying the growth of the industry.
"Superior Features of Industrial Nailers to Impede the Market Growth"
Recently there has been a great demand for the global automated industrial nailers all over the world. The major reason for this is the superior features of the industrial nailers. These nailers are technologically advanced and have many improvised features.
The global automated industrial nailers are faster, accurate, powerful, conventional and very reliable. All these advanced features have propelled global automated industrial nailers the market growth. Collectively all of this act as factors driving the global automated industrial nailers market growth.
RESTRAINING FACTOR
"Increasing Reliance on Highly Skilled Workers to Bring Down the Market Share"
These industrial nailers are extremely helpful and come with several benefits and advantages. However, they also have certain disadvantages and cons. This can act as the major factor restraining the market growth.
One such disadvantage of using this product is the increasing dependency of the production on highly skilled workers and labors. As a result, without the help or support of these skilled workers it becomes difficult for the production process to take place. This acts as the factor restraining the market growth.
Automated Industrial Nailers Market Regional Insights
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"North America to Dominate Market Share Owing to Increased Construction Activities "
The region that is observed to lead the market during the forecast period is North America. Followed by North-America is Asia Pacific. There are several reasons that have been attributed to the growth of thermal printhead market in North America.
The major factor contributing to the market development in North America is the increasing urbanization, industrialization and constructing activities. Presence of the key industry players and huge investments coming in are yet other factors promoting increased market share. All of these factors are collectively contributing to the market growth in North America.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- ITW (U.S.)
- Stanley Black & Decker (U.S.)
- Bosch (Germany)
- Makita (Japan)
- Rongpeng Air Tools (China)
- Nanshan (U.S.)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 1.3724 Billion in 2022 |
| Market Size Value By | US$ 1.7128 Billion by 2028 |
| Growth Rate | CAGR of 3.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Types & Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the global automated industrial nailers market expected to touch by 2028?
The global automated industrial nailers market is projected and estimated to touch USD by 1.7128 billion 2028.
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What CAGR is the automated industrial nailers market expected to exhibit by 2028?
The automated industrial nailers market is expected to exhibit a CAGR of 3.2% by 2028.
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Which are the driving factors of the automated industrial nailers market?
The major reason for this is the superior features of the industrial nailers. These nailers are technologically advanced and have many improvised features. These act as the factors driving the market growth, are the driving factors of the automated industrial nailers market.
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Which are the top companies operating in the automated industrial nailers market?
ITW, Makita, TTI, MAX, and Nanshan are the top operating companies in the automated industrial nailers market.
