DUBLIN--(BUSINESS WIRE)--The "United States Nutrunner Market, By Type (Electric Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner), By Distribution Channel, By End-User Industry (Construction, Industrial, Automotive, and Others), By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The United States nutrunner market is projected to register high growth during the forecast period, 2023-2027. The market growth can be attributed to the rise in the production and sales of passenger and commercial vehicles. Besides, the rapidly rising manufacturing sector and the emergence of efficient fastening tools are anticipated to fuel the growth of the United States nutrunner market. Industry 4.0 and the rise in disposable income of the population are also contributing to the market growth.
Nutrunner is used during the assembly and final stages of the automobile manufacturing process to tighten screws, nuts, and bolts, ensuring the proper operation of automobile components. In 2020, the automotive industry in the United States sold over 14 million new automobiles and light trucks. The presence of major market players in the country, as well as the introduction of light-duty vehicles with improved fuel mileage and performance, are expected to boost automobile manufacturing and sales in the country. Nutrunner is also used in the manufacture of ships and aircraft. Increased demand from the logistics, transportation, and defense sectors is accelerating ship and aircraft production, which is expected to create a high demand for nutrunners in the country.
The growing competition among the market players and rapid surge in adoption of advanced technologies to manufacture high-performance automobiles are some factors supporting the market growth. Improvements in economic conditions and rising demand for automation technology in industries such as automotive, machine, and mechanical manufacturing are also paving the way for the growth of the nutrunner market in the United States. Expanding manufacturing industry and rising need to produce quality products and ensure higher customer satisfaction are anticipated to drive the growth of the nutrunner market in the United States during the forecast period.
The United States nutrunner market segmentation is based on the type, distribution channel, end-user industry, regional distribution, and company. Based on type, the market is divided into electric nutrunner, pneumatic nutrunner, and hydraulic nutrunner. The electric nutrunner is expected to dominate the market due to its rising applications for beveling, reaming, expanding, tightening, taping, and turning.
Key players in the United States nutrunner market are Aimco Global, Atlas Copco AB, Bosch Rexroth AG, Dai-Ichi Dentsu Ltd., Estic Corporation, Ingersoll Rand Inc., ITH Bolting Technology, Maschinenfabrik Wagner GmbH & Co.AG, Sanyo Machine Works Ltd., Stanley Engineered Fastening, among others.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
Report Scope:
In this report, United States nutrunner market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
United States Nutrunner Market, By Type:
- Electric Nutrunner
- Pneumatic Nutrunner
- Hydraulic Nutrunner
United States Nutrunner Market, By Distribution Channel:
- In store
- Online
United States Nutrunner Market, By End-User Industry:
- Construction
- Industrial
- Automotive
- Others
United States Nutrunner Market, By Region:
- South
- West
- Mid-West
- North-East
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Imapct of COVID-19 on United States Nutrunner Market
5. Voice of Customers
6. United States Nutrunner Market Outlook
7. United States Electric Nutrunner Market Outlook
8. United States Pneumatic Nutrunner Market Outlook
9. United States Hydraulic Nutrunner Market Outlook
10. Market Dynamics
11. Market Trends & Developments
12. Policy & Regulator Landscape
13. United States Economic Profile
14. Company Profiles
15. Strategic Recommendations
Companies Mentioned
- Aimco Global
- Atlas Copco AB
- Bosch Rexroth AG
- Dai-Ichi Dentsu Ltd.
- stic Corporation
- Ingersoll Rand Inc.
- ITH bolting Technology
- Maschinenfabrik Wagner GmbH & Co.AG
- Sanyo Machine Works Ltd.
- Stanley Engineered Fastening
For more information about this report visit https://www.researchandmarkets.com/r/ajxagc
