The United States
nutrunner market is anticipated to grow at a steady CAGR in the forecast
period, 2023-2027. Increased production and sales of passenger and commercial
vehicles and the growing manufacturing sector are the primary factors driving
the growth of the United States nutrunner market. Also, the introduction of
efficient fastening tools and the growing adoption of industry 4.0 to boost
productivity is expected to create substantial growth opportunities for the
United States nutrunner market in the next five years.
Increase In Production and
Sales of Passenger Car Drives the Market Growth
The automotive industry is
continuously expanding at a rapid rate to accommodate the growing demand for
vehicles among consumers. The rise in disposable income and the shift in consumers'
preference to travel via private vehicle instead of availing the services of
public services is driving vehicle sales in the country. Nutrunner is used
during the assembly and final stage of the automobile manufacturing process and
is considered crucial to tighten screws, nuts, and bolts, ensuring the proper
functioning of automobile components. In 2020, the automotive industry sold
over 14 million automobiles and new light trucks in the United States. The
presence of major market players in the region and the introduction of
light-duty vehicles having fuel mileage and performance is expected to bolster
the manufacturing and sales of automobiles in the country. Also, nutrunner is
used in the manufacturing of ships and aircraft. The increased demand from the
logistics, transportation, and defense sector is accelerating the production of
ships and aircraft, which in turn is projected to create high demand for
nutrunners in the country.
The growing competition among
the market players and surge in adoption of advanced technologies to
manufacture high-performance automobiles is expected to accelerate the United
States nutrunner market growth through the next five years.
Flourishing Manufacturing
Industry Supports the High Market Demand
Improvement in the economic
conditions is boosting the growth of end-user industries in the country. The
increase in demand for automation technology in industries including
automotive, machine, and mechanical manufacturing industry is paving the way
for the United States nutrunner market growth. Nutrunner is used in industries
to deliver higher accuracy and save time and effort in the production process.
The growing advancements in the manufacturing industry and the intense
competition among the market players are bolstering the production targets,
creating pressure on industries to manufacture quality products. Manufacturing
industries are actively using nutrunner to ensure accuracy while doing
repetitive operations for long time duration and exhibits low vibration during
operation, making it suitable for bolting applications. The growing
manufacturing industry and the need to manufacture quality products to ensure
higher customer satisfaction is expected to boost the growth of the United
States nutrunner market in the forecast period.

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Market Segmentation
The United States nutrunner
market is segmented into 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. Based on the distribution channel, the market is bifurcated into in
store and online. Based on end-user industry, the market is divided into
construction, industrial, automotive, and others. To analyze the market
based on the region, the United States Nutrunner market is studied in major
regions namely southern region, western region, mid-western region, and
north-eastern region.
Market Players
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, are the major market players
operating in the United States nutrunner market.
Attribute
|
Details
|
Base Year
|
2021
|
Historic Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Type
·
Distribution
Channel
·
End-User
Industry
|
Regional scope
|
South, West, Mid-West, North-East
|
Key companies profiled
|
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., and Stanley Engineered Fastening
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
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:
- United States Nutrunner Market, By End-User Industry:
- Construction
- Industrial
- Automotive
- Others
- United States Nutrunner
Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States nutrunner market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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