Electric screwdriver is a type of power tool that relies on a current control motor to quickly tighten the screws to the set torque.
The electric screwdriver industry concentration is not high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European. They also like set up plants in China to expand market share. China has many producers and they produce about 67.5% of the global electric screwdriver production, but its products are more concentrated in household products.

The key consumption markets locate at developed countries. China takes the market share of 30.35%, followed by Europe with 28.75%. Global consumption market has a quicker growing speed of CAGR 3.13%.

We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

In the international market, the marketing channels characteristic differ from company to company.
The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position.

Companies in developing countries such as China, in contrast, put more effort on direct selling business. They can act as exports at the same time, and it is a common phenomenon in this industry. As they do not have that much international brand influence, their product quality is not good enough when comparing with leading companies, however, they have price advantage. They like to expand their market share in developing countries and low-end international market.

The market is not only influenced by the price, but also influenced by the product performance. Although China domestic companies have price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.
The leading companies own the advantages on better performance, more abundant product\'s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas\' company prefers selling their products to underdevelopment regions these years.

This industry is affected by the economy and policy, so it\'s important to put an eye to economic indexes and leaders\' prefer. With the global economic accelerating, especially in underdevelopment regions that have a large population and fast economic growth, the need of electric screwdriver will increase.

The Electric Screwdriver Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Electric Screwdriver industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Electric Screwdriver by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Electric Screwdriver market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Electric Screwdriver market for 2015-2027.

Key Companies
Stanley Black & Decker
Bosch
Makita
Ken
TTI
Positec
FEIN
Dongcheng
Hitachi
Hilti
Kawasaki
Chervon Holdings
Ozito
Dixon Automatic
Mountz
XU1 Powertools

Electric Screwdriver Market by Type
Cordless
Cord
Electric Screwdriver Market by Application
Industrial
Household

Electric Screwdriver Market by Region
United States
Europe
China
Japan
Other Regions

Electric Screwdriver Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa


At the same time, we classify Electric Screwdriver according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Electric Screwdriver market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Electric Screwdriver market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Electric Screwdriver market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electric Screwdriver market for the forecast period 2021 - 2027?
• What are the driving forces in the Electric Screwdriver market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electric Screwdriver industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

For any other requirements, please feel free to contact us and we will provide you customized report.

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