Electric screwdriver is a type of power tool that relies on a current control motor to quickly tighten the screws to the set torque.
Scope of the Report:
This report focuses on the Electric Screwdriver in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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 products 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 its 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 worldwide market for Electric Screwdriver is expected to grow at a CAGR of roughly 0.5% over the next five years, will reach 420 million US$ in 2023, from 400 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Stanley Black & Decker
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
There are 15 Chapters to deeply display the global Electric Screwdriver market.
Chapter 1, to describe Electric Screwdriver Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Electric Screwdriver, with sales, revenue, and price of Electric Screwdriver, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Electric Screwdriver, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to ana