Market Overview

The global DC Electric Nutrunner market was valued at USD 3.12 billion in 2022 and expected to grow at a CAGR of 6.8% during the forecast period. Electric nutrunners are specialised instruments used to tighten nuts, and they get their power from DC controllers. These nutrunners are lightweight and transportable. Numerous enormous nutrunners are additionally made to be fixedly attached, and they are typically used on an assembly line.

Because they can provide precise torque control, nutrunners are frequently utilised in a range of precision fastening and assembly applications, such as appliance or automotive assembly applications. Electric nutrunners can also be used for tapping, tightening, bevelling, turning, reaming, and expanding among other things. Nutrunners come with a range of performance and head type requirements.

Electric nut runners are low-noise, low-vibration instruments with tremendous torque for incredibly quick, precise tightening. The key driver fuelling the expansion of the global DC electric nut runner market is the tightening accuracy, which is also extremely high.

The demand for effective and versatile fastening equipment is also anticipated to fuel the expansion of the global electric nut runner market. Super compact format allows for high performance. It is practical for use in assembly work where it is difficult to access because of the compact solution.

Electric nut runners are employed in a range of precision fastening and assembly applications because they offer precise torque control. The use of network and statistical process control software interfaces in large nut runner systems for quality control and monitoring has increased the need for electric nut runners.

Two factors limiting the growth of the global electric nut runner market are the high initial cost of the device and the availability of substitute conventional nut runners.

Over the projection period, rising sales of passenger and commercial vehicles will be a key market driver for electric nutrunners. The demand for effective and adaptable fastening tools as well as the expanding use of Industry 4.0 are some factors that are anticipated to drive the growth of the electric nutrunner market. The introduction of brushless DC motors has also had a significant impact on market expansion. Electric nutrunner demand is projected to increase because to the need for safe and effective solutions for varied requirements and duties in the production process.

The need for electric nutrunners has increased as a result of manufacturers being forced to employ equipment for increased productivity and maximum process dependability in the production line due to rising consumer demands, increasing cost pressure, and tighter regulations in various industries. Furthermore, the use of nutrunners is necessary for an assembly line's error-proofing, flexibility, and quality control. The market is also benefiting from an increase in technical improvements, population growth, and rising disposable income.

Report Scope

Impact of COVID

The COVID-19 pandemic has had a mixed impact on the DC electric nutrunner market. On the one hand, the pandemic has resulted in a slowdown in industrial production and manufacturing activities, which has led to a decrease in demand for DC electric nutrunners. The pandemic has also disrupted supply chains, causing delays in the delivery of raw materials and finished products, and increasing production costs. Moreover, the social distancing measures and travel restrictions imposed to contain the spread of the virus have disrupted the installation, maintenance, and repair services for DC electric nutrunners, thereby impacting the aftermarket sales of these products.

On the other hand, the pandemic has also led to an increased focus on automation and digitalization of manufacturing processes. As companies seek to reduce their dependence on manual labor, the demand for advanced and efficient DC electric nutrunners has increased. Furthermore, the pandemic has accelerated the adoption of e-commerce and online sales channels, providing manufacturers with new opportunities to reach customers and expand their market reach.

Overall, the impact of COVID-19 on the DC electric nutrunner market has been mixed, with both positive and negative effects. However, the long-term outlook for the market remains positive, driven by the increasing focus on automation, efficiency, and digitalization of manufacturing processes.

Type Insights

Fixtured electric nutrunners are used in automated production lines, where high precision and repeatability are required. These nutrunners are fixed in a specific location and are used for tightening bolts and screws in a fixed pattern. Fixtured nutrunners are commonly used in industries such as automotive, aerospace, and heavy equipment manufacturing.

Handheld electric nutrunners are designed for manual use and are commonly used in industries such as construction, shipbuilding, and wind energy. Handheld nutrunners are lightweight, portable, and provide the flexibility to access tight spaces where fixtured nutrunners cannot be used. They are available in various torque ranges, and some models also have built-in error-proofing features that prevent over-tightening or under-tightening of bolts and screws.

The market share of fixtured electric nutrunners and handheld electric nutrunners depends on the application and industry requirements. In industries where high precision and repeatability are required, such as automotive and aerospace, fixtured nutrunners are preferred. On the other hand, in industries where flexibility and portability are essential, such as construction and wind energy, handheld nutrunners are preferred.

Application Insights

Automotive is a significant application area for electric nutrunners. Automotive manufacturers use nutrunners to tighten bolts and screws in engine assembly, body assembly, and chassis assembly. Electric nutrunners are preferred in the automotive industry because they offer high precision, repeatability, and error-proofing features. Additionally, electric nutrunners reduce the risk of operator injury due to repetitive motion and vibration.

Transportation, including rail and aerospace, is another significant application area for electric nutrunners. In the transportation industry, nutrunners are used to tighten bolts and screws in the assembly of aircraft, trains, and ships. Nutrunners used in the transportation industry are required to meet stringent safety standards and quality requirements.

Machinery is another important application area for electric nutrunners. Nutrunners are used in machinery manufacturing to assemble engines, gearboxes, and other components. The machinery industry requires high precision, repeatability, and speed in the assembly process, which makes electric nutrunners an ideal choice.

Manufacturing is a broad application area that encompasses various industries, including electronics, consumer goods, and appliances. Electric nutrunners are used in manufacturing to assemble components and products. The manufacturing industry requires nutrunners that are fast, precise, and offer error-proofing features to ensure product quality.

Overall, the market share of electric nutrunners by application depends on the specific requirements of each industry. However, the automotive industry is the largest application area for electric nutrunners due to its high demand and stringent quality requirements.

Regional Insights

North America: The United States and Canada are expected to be the major markets for DC Electric Nutrunners in North America due to the high demand for advanced manufacturing technologies and growing industrial automation.

Europe: The major markets for DC Electric Nutrunners in Europe are Germany, France, and the United Kingdom. The region is expected to witness significant growth due to the rise in automotive and aerospace industries, which have high demand for electric nutrunners.

Asia Pacific: The Asia Pacific region is expected to be the largest and fastest-growing market for DC Electric Nutrunners due to the increasing adoption of automation technologies in various industries, particularly in countries such as China, Japan, South Korea, and India.

Latin America: Brazil and Mexico are expected to be the major markets for DC Electric Nutrunners in Latin America due to the growing automotive and manufacturing industries.

Middle East and Africa: The Middle East and Africa are expected to witness significant growth in the DC Electric Nutrunner market due to the increasing adoption of advanced manufacturing technologies and the expansion of the industrial sector in the region.

Competitive Analysis

Some of the major companies operating within the market are Bosch Rexroth, Atlas Copco, ESTIC Corporation, Apex Tool Group, Dai-ichi Dentsu Ltd., STANLEY Engineered Fastening, Sanyo Machine Works, ALFING Montagetechnik GmbH (AMT), Ingersoll Rand, Nitto Seiko, FEC Inc., Maschinenfabrik Wagner GmbH & Co. KG, Tone Co., Ltd., AIMCO, Desoutter Industrial Tools, and others. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for DC Electric Nutrunner globally.

By Type

·         Fixtured electric nutrunner

·         Handheld electric nutrunner

By Application

·         Automotive

·         Transportation

·         Machinery

·         Manufacturing

·         Others

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

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