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.

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
  • Ingersoll Rand
  • STANLEY® Engineered Fastening
  • Apex Tool Group, LLC
  • 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

Global Handheld Electric Nutrunner Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global handheld electric nutrunner market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Handheld Electric Nutrunner Market