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.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Type
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Distribution Channel
·
End-User Industry
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Regional scope
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South,
West, Mid-West, North-East
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Key companies profiled
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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
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Customization scope
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10%
free report customization with purchase. Addition or alteration to regional &
segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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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).
United States nutrunner market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]