Tech Innovation to Boost Growth in the Global Handheld Electric Nutrunner Market Through 2031

 Handheld Electric Nutrunner Market: Introduction

• A nutrunner also known as pneumatic torque wrench, is a planetary torque multiplier, or a gearbox coupled with a pneumatic air motor. The torque output is adjusted by controlling the air pressure. A nutrunner is used in situations where the tightness of screws and bolts is crucial.

Key Drivers of the Global Handheld Electric Nutrunner Market

• Factors which are expected to drive the handheld electric nutrunner market globally include rapid growth in the automotive sector and innovations in handheld electric nutrunners. Nutrunners are widely used in the automotive industry and manufacturing industries. Usage in the automotive industry has registered a notable growth, which will further propel the demand for handheld electric nutrunners. This factor is expected to drive the overall growth of the market.
• Nutrunners are often used in heavy construction industries such as power generation, mining, steel, railroad, and manufacturing where the tightness of a bolt or a nut needs to meet certain specifications. Air powers the motor and turns the gearbox, ensuring that only high quality, clean air is used to power the wrench. Wet or dirty air can not only radically impact the accuracy of the tool, it can cause problems or damage over long periods of time. Additionally, the amount of air used to generate the motor needs to be adequate for the tool to function as intended. This in turn is expected to propel the growth of the handheld electric nutrunner market throughout the forecast years.

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Factors Restraining the Global Handheld Electric Nutrunner Market

• High maintenance is a major factor which may restrict small and medium scale industries from investing in handheld electric nutrunners and this can gradually hamper the growth of the market.
• Nutrunners are complex tools made up of gearboxes with pneumatic air motors. With so many moving parts, poorly constructed tools may leave a lot of room for error. This can restrict the growth of the handheld electric nutrunner market.

Market in Asia Pacific to Expand Rapidly

• In terms of region, the global handheld electric nutrunner market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the handheld electric nutrunner market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the handheld electric nutrunner market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America handheld electric nutrunner market is segmented into Brazil, and Rest of South America.
• North America accounted for largest share of the global handheld electric nutrunner market due to expansion of the automotive industry in the region. Rising industrial infrastructure is propelling the demand for advanced industrial equipment, which has led to the increasing integration of handheld electric nutrunners, subsequently driving the growth of the handheld electric nutrunner market in North America.
• The handheld electric nutrunner market in Asia Pacific is projected to expand rapidly during the forecast period due to the growing industrialization in the region. Rapid industrialization and urbanization influences the growth of construction and manufacturing industries in Asia Pacific, which has largely driven the sale of handheld electric nutrunners. This is expected to contribute to the growth of the handheld electric nutrunner market in the Asia Pacific region.

Key Players Operating in the Global Market

Manufacturers of handheld electric nutrunners are focusing on becoming more proficient and developing advanced products which will enhance their competitive advantage and market share globally. Manufacturers are investing more on R&D to develop cost effective products which can help to improve their profitability.

A few of the key players operating in the global handheld electric nutrunner market are:

• Maschinenfabrik Wagner GmbH & Co. KG
• NITTOSEIKO CO., LTD.
• Ingersoll Rand
• STANLEY® Engineered Fastening
• DAI-ICHI DENTSU LTD.
• Apex Tool Group, LLC
• ESTIC CORPORATION
• Atlas Copco (India) Ltd.
• Roots India Company. LTD.
• Bosch Rexroth AG

Global Handheld Electric Nutrunner Market: Research Scope

Global Handheld Electric Nutrunner Market, by Type

• Pistol Type
• Angle Type
• Straight Type

Global Handheld Electric Nutrunner Market, by End-use Industry

• Automotive
• Transportation
• Machinery Manufacturing
• Others

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