An electric screwdriver is a power tool used to turn screws. It consists of a small motor that rotates a bit or shaft connected to a tip that is the same shape as the head of a screw. Electric screwdrivers are used for assembling and repairing products, from cars to computers to appliances. They are also used in maintenance and construction work.
Electric screwdrivers are used in many industries, including electronics, automotive, aerospace, medical equipment, renewable energy, and green technology. They are also used in home improvement projects and do-it-yourself repairs around the house. In addition to manual screwdrivers, electric screwdrivers are more efficient and accurate when used for repetitive tasks.
Electric screwdrivers are relatively low-cost tools that are lightweight and portable. They are available in both corded and cordless models and feature adjustable torque settings for different materials. Electric screwdrivers also come in a variety of styles, power, shapes, and sizes.
The global Electric Screwdriver market was valued at US$ 412.4 million in 2022 and is anticipated to reach US$ 498.5 million by 2029, witnessing a CAGR of 2.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Electric Screwdriver Market available at: https://www.themarketreports.com/report/global-electric-screwdriver-market-research-report
This report aims to provide a comprehensive presentation of the global market for Electric Screwdriver, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Screwdriver.
Global Electric Screwdriver key players include Stanley Black & Decker, Bosch, Makita, Ken, TTI, etc. Global top five manufacturers hold a share over 27%.
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