Fixtured Electric Nutrunner Market Size, Share, Growth, and Industry Analysis by Type (Pistol Fixtured Electric Nutrunner, Angle Fixtured Electric Nutrunner, Straight Fixtured Electric Nutrunner), by Application (Automotive, Transportation, Machinery Manufacturing, Others), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

FIXTURED ELECTRIC NUTRUNNER MARKET REPORT OVERVIEW

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global fixtured electric nutrunner market size was USD 166.02 million in 2021 and market is projected to touch USD 333.90 million by 2032 at CAGR 6.56% during the forecast period.

Electric nutrunners with fixtures are devices used to tighten or loosen the nuts or bolts on a specific application. Numerous industries, including automotive, transportation, machinery manufacture, and others, employ these tools extensively.fixtured electric nutrunner is a type of electric plug or battery powered nutrunner that can be integrated into machines. A fixtured electric nutrunner is used in situations where the tightness of screws and bolts is crucial. It allows the operator to measure the torque applied to the fastener so it can be matched to the specifications of a particular application.Fixed electric nutrunners are widely used throughout a range of sectors, including the production of machinery, transportation, and automobiles. These factors are estimated to drive the fixtured electric nutrunner market's rise on a global basis throughout the course of the approximated period.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

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 market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

FIXTURED ELECTRIC NUTRUNNER MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into pistol fixtured electric nutrunner, angle fixtured electric nutrunner, straight fixtured electric nutrunner.

Pistol-fixtured electric nutrunners will capture the maximum market share through forecast period.  Their tiny size and lightweight, electric nutrunners with pistol fixtures are ideal for usage in cramped areas. 

• By Application Analysis

According to application, the market can be segmented into automotive, transportation, machinery manufacturing, others.

Fixtured electric nutrunner market players cover segment as automotive will dominate the market share during forecast period. Due to the rising demand for electric vehicles and the requirement for precise and efficient component assembly in the automotive industry.

DRIVING FACTORS

"Increasing Automation in Manufacturing To Boost The Market Growth"

Industries change towards automation for efficiency and precision, the demand for fixtured electric nutrunners is likely to grow. These implements are essential in automated assembly lines specifically in automotive and aerospace manufacturing.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the fixtured electric nutrunner market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. 

RESTRAINING FACTOR

"High cost And Maintenance To Hamper The Market Growth"

High cost and maintenance is hampering development of the fixtured electric nutrunner market. The high cost of advanced fixtured electric nutrunners can be a significant barrier for small and medium-sized enterprises. Continuous maintenance and the need for experienced operators can add to the operational costs, possibly restraining market growth. Technical difficulties will reduce the industry revenue.

FIXTURED ELECTRIC NUTRUNNER MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market Due To Presence of Leading Manufacturers "

North America is further expected to witness growth in the fixtured electric nutrunner market share. The region is dominating the market due to the drive towards automation and the presence of key manufacturers in these industries contribute to the markets strength in this region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Ingersoll Rand (U.S.)
• Atlas Copco (Sweden)
• Dai-ichi Dentsu Ltd. (Japan)
• ALFING Montagetechnik GmbH (AMT) (Germany)
• STANLEY Engineered Fastening (U.S.)

INDUSTRIAL DEVELOPMENT

January 2019: Atlas Copco introduced the new Nutrunner QEHS series. The new series is built to deliver high repeatability and torque accuracy while reducing vibration and noise levels.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.