Below are some of the key findings from this electric screw gun market analysis report
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Global electric screw gun industry overview
High labor cost and ease of use are driving the global electric screw gun market. Electric screw guns are user-friendly and require no technical expertise to operate. Moreover, the labor costs in developed countries are rising rapidly, which drives the people to do smaller household constructional chores by themselves, hence driving the growth of the electric screw gun market.
The increase in sales through online distribution channel is positively impacting the global electric screw gun market. Online distribution channel eliminates the need for physical store and inventory and provides electric screw guns at different price levels. This platform is a cost-effective option for both established and emerging vendors of power tools, including electric screw guns, driving the market. The ease of use and increasing labor costs coupled with an increase in sales through online distribution channel is driving the electric screw gun market growth at a CAGR of close to 5% during the forecast period.
Top electric screw gun companies covered in this market research report
The global electric screw gun market is highly fragmented. The market is in the growth phase, and the competition is expected to become more intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this electric screw gun market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading electric screw gun companies, including:
- Emerson Electric
- Makita Corporation
- Robert Bosch
- Stanley Black&Decker
- Techtronic Industries
Electric screw gun market segmentation based on product
Cordless electric screw guns were the dominating product of the global electric screw gun market in 2018, owing to its mobility, convenience, and the feature to get powered-up feature by a simple recharge. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.
Electric screw gun market segmentation based on region
The Americas accounted for the largest electric screw gun market share in 2018, owing to the rapid growth of the housing industry in the region. The Americas will remain the market leader for the next five years.
Key highlights of the global electric screw gun market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the electric screw gun market during the next five years
- Precise estimation of the global electric screw gun market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the electric screw gun industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of electric screw gun companies
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