Industrial Corded Electric Screwdriver Market
Industrial Corded Electric Screwdriver Market Forecasts to 2030 - Global Analysis By Type (Tensor SL, Tensor SR, Micro Torque Electric Screwdriver and EBL Screwdriver), Application (Consumer Goods, Sensitive Electronics and Other Applications), End User and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
4.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Industrial Corded Electric Screwdriver Market is growing at a CAGR of 4.9% during the forecast period. An industrial corded electric screwdriver is a specialized power tool designed for efficient and precise fastening in industrial settings. This tool combines the convenience of an electric motor with the reliability of a corded power source, ensuring continuous and consistent performance, which often includes variable speed settings, enabling operators to tailor the tool's performance to different applications. Furthermore, equipped with a robust motor, the industrial corded electric screwdriver generates high torque, allowing it to drive screws into various materials with speed and accuracy.
Market Dynamics:
Driver:
Rising demand in high torque and power
The high torque capabilities of corded electric screwdrivers enable them to efficiently drive screws into various materials, from metals to plastics, with precision and speed. These tools are engineered to deliver substantial torque and power, making them indispensable for heavy-duty fastening. Additionally, the power generated by these screwdrivers ensures that they can handle demanding tasks, providing the force required for secure and durable fastening. This characteristic is particularly crucial in industries that are driving this market size.
Restraint:
Handling and ergonomics
Industrial workers often use these tools for extended periods, and if the design and ergonomics are not optimized, it can lead to discomfort, fatigue, and even repetitive strain injuries. If the controls and adjustments are not intuitive or user-friendly, it can lead to difficulties in setting up and using the tools correctly. Moreover, these handling problems can deter potential buyers from investing in corded electric screwdrivers, particularly in industries where workers heavily rely on manual fastening tools or even damage to the workpiece or the screwdriver itself, hindering market growth.
Opportunity:
Technological advancements
The integration of corded electric screwdrivers with automation facilitates real-time monitoring and control, enhancing overall operational efficiency. Their compatibility with robotic systems and automated machinery positions them as indispensable tools in modern manufacturing environments. Furthermore, manufacturers benefit from reduced assembly times, increased productivity, and minimized errors in the production of goods. As industries continue to advance towards smart manufacturing, the synergy between industrial corded electric screwdrivers and automated systems is boosting this market expansion.
Threat:
Risks
Industrial settings often have complex machinery, structures, or tight spaces where conventional corded electric screwdrivers may be difficult to maneuver. This can be particularly problematic in industries where mobility and adaptability are crucial, such as assembly lines or construction sites. Furthermore, limited mobility can make it challenging to access screws in confined or hard-to-reach areas, hindering the effectiveness and efficiency of the fastening process and adding complexity to the setup and operation of corded electric screwdrivers.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the industrial corded electric screwdriver (ICED) market. Disruptions in global supply chains, caused by lockdowns, travel restrictions, and factory closures, led to shortages of raw materials and components needed for manufacturing these tools. It also accelerated the adoption of remote work, affecting industries that traditionally utilized corded electric screwdrivers. Furthermore, social distancing measures and restrictions on business operations and maintenance activities in various industrial settings hindered the market size.
The tensor SL segment is expected to be the largest during the forecast period
The tensor SL segment is estimated to hold the largest share. Industrial corded electric screwdrivers, being crucial in manufacturing and construction, witness demand for their reliability, consistent performance, and high torque capabilities. It includes applications such as advancements in motor technology, ergonomic design innovations, and the integration of features. Furthermore, the ongoing emphasis on workplace efficiency and the cost-effectiveness of corded tools compared to their battery-operated counterparts is shaping the growth of this segment.
The sensitive electronics segment is expected to have the highest CAGR during the forecast period
The sensitive electronics segment is anticipated to have highest CAGR during the forecast period due to the specific application of these tools in industries where precision and delicacy are paramount, such as the assembly of electronic components. These are designed with features that mitigate the risk of damage to intricate circuits and components during fastening processes. Additionally, manufacturers in this segment prioritize tools that offer not only high torque and efficiency but also a level of control that prevents over-tightening and potential damage to sensitive electronic components, which is boosting this segment's expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period, owing to significant advancements reflecting the robust growth of the manufacturing and construction industries. Countries such as China, Japan, South Korea, and India have emerged in the adoption of cutting-edge motor technologies in ICED tools, enhancing their efficiency and performance. Furthermore, as automation gains prominence in manufacturing processes, there has been a rise in demand for technologically advanced screwdrivers, which is propelling market growth.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to a dynamic landscape shaped by technological advancements and stringent industry standards. Industrial corded electric screwdrivers are pivotal tools in assembly lines, where the demand for high torque, accuracy, and reliability is consistently growing. In addition, this region is home to major key players such as Atlas Copco, Hitachi Koki Co., Ltd., Makita Corporation, and Ingersoll that align with sustainability goals and occupational safety standards, which significantly drive this market expansion.
Key players in the market
Some of the key players in the Industrial Corded Electric Screwdriver Market include Kilews, Hios, Doga, ASA, Hantas, Anlidar, ASG Jergens, Hayashi-Repic, Delta Regis, Nitto Kohki, Atlas Copco, Conos, Kolver, Hios, Hayashi, Desoutter and Anlidar.
Key Developments:
In December 2023, Atlas Copco Group has completed the acquisition of Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH), a company listed on the Australian Securities Exchange.
In February 2020, ASG Launches New Automation Website Highlighting Their Pre-Engineered and Custom Assembly Solutions.
Types Covered:
• Tensor SL
• Tensor SR
• Micro Torque Electric Screwdriver
• EBL Screwdriver
• Other Types
Applications Covered:
• Consumer Goods
• Sensitive Electronics
• Other Applications
End Users Covered:
• Automobile
• Aerospace
• Electronics
• General Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Corded Electric Screwdriver Market, By Type
5.1 Introduction
5.2 Tensor SL
5.3 Tensor SR
5.3.1 Electric Torque Verification (ETV)
5.3.2 Electric Torque Control (ETD)
5.4 Micro Torque Electric Screwdriver
5.5 EBL Screwdriver
5.6 Other Types
6 Global Industrial Corded Electric Screwdriver Market, By Application
6.1 Introduction
6.2 Consumer Goods
6.3 Sensitive Electronics
6.4 Other Applications
7 Global Industrial Corded Electric Screwdriver Market, By End User
7.1 Introduction
7.2 Automobile
7.3 Aerospace
7.4 Electronics
7.5 General Manufacturing
7.6 Other End Users
8 Global Industrial Corded Electric Screwdriver Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Kilews
10.2 Hios
10.3 Doga
10.4 ASA
10.5 Hantas
10.6 Anlidar
10.7 ASG Jergens
10.8 Hayashi-Repic
10.9 Delta Regis
10.10 Nitto Kohki
10.11 Atlas Copco
10.12 Conos
10.13 Kolver
10.14 Hios
10.15 Hayashi
10.16 Desoutter
10.17 Anlidar
List of Tables
1 Global Industrial Corded Electric Screwdriver Market Outlook, By Region (2021-2030) ($MN)
2 Global Industrial Corded Electric Screwdriver Market Outlook, By Type (2021-2030) ($MN)
3 Global Industrial Corded Electric Screwdriver Market Outlook, By Tensor SL (2021-2030) ($MN)
4 Global Industrial Corded Electric Screwdriver Market Outlook, By Tensor SR (2021-2030) ($MN)
5 Global Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Verification (ETV) (2021-2030) ($MN)
6 Global Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Control (ETD) (2021-2030) ($MN)
7 Global Industrial Corded Electric Screwdriver Market Outlook, By Micro Torque Electric Screwdriver (2021-2030) ($MN)
8 Global Industrial Corded Electric Screwdriver Market Outlook, By EBL Screwdriver (2021-2030) ($MN)
9 Global Industrial Corded Electric Screwdriver Market Outlook, By Other Types (2021-2030) ($MN)
10 Global Industrial Corded Electric Screwdriver Market Outlook, By Application (2021-2030) ($MN)
11 Global Industrial Corded Electric Screwdriver Market Outlook, By Consumer Goods (2021-2030) ($MN)
12 Global Industrial Corded Electric Screwdriver Market Outlook, By Sensitive Electronics (2021-2030) ($MN)
13 Global Industrial Corded Electric Screwdriver Market Outlook, By Other Applications (2021-2030) ($MN)
14 Global Industrial Corded Electric Screwdriver Market Outlook, By End User (2021-2030) ($MN)
15 Global Industrial Corded Electric Screwdriver Market Outlook, By Introduction (2021-2030) ($MN)
16 Global Industrial Corded Electric Screwdriver Market Outlook, By Automobile (2021-2030) ($MN)
17 Global Industrial Corded Electric Screwdriver Market Outlook, By Aerospace (2021-2030) ($MN)
18 Global Industrial Corded Electric Screwdriver Market Outlook, By Electronics (2021-2030) ($MN)
19 Global Industrial Corded Electric Screwdriver Market Outlook, By General Manufacturing (2021-2030) ($MN)
20 Global Industrial Corded Electric Screwdriver Market Outlook, By Other End Users (2021-2030) ($MN)
21 North America Industrial Corded Electric Screwdriver Market Outlook, By Country (2021-2030) ($MN)
22 North America Industrial Corded Electric Screwdriver Market Outlook, By Type (2021-2030) ($MN)
23 North America Industrial Corded Electric Screwdriver Market Outlook, By Tensor SL (2021-2030) ($MN)
24 North America Industrial Corded Electric Screwdriver Market Outlook, By Tensor SR (2021-2030) ($MN)
25 North America Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Verification (ETV) (2021-2030) ($MN)
26 North America Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Control (ETD) (2021-2030) ($MN)
27 North America Industrial Corded Electric Screwdriver Market Outlook, By Micro Torque Electric Screwdriver (2021-2030) ($MN)
28 North America Industrial Corded Electric Screwdriver Market Outlook, By EBL Screwdriver (2021-2030) ($MN)
29 North America Industrial Corded Electric Screwdriver Market Outlook, By Other Types (2021-2030) ($MN)
30 North America Industrial Corded Electric Screwdriver Market Outlook, By Application (2021-2030) ($MN)
31 North America Industrial Corded Electric Screwdriver Market Outlook, By Consumer Goods (2021-2030) ($MN)
32 North America Industrial Corded Electric Screwdriver Market Outlook, By Sensitive Electronics (2021-2030) ($MN)
33 North America Industrial Corded Electric Screwdriver Market Outlook, By Other Applications (2021-2030) ($MN)
34 North America Industrial Corded Electric Screwdriver Market Outlook, By End User (2021-2030) ($MN)
35 North America Industrial Corded Electric Screwdriver Market Outlook, By Introduction (2021-2030) ($MN)
36 North America Industrial Corded Electric Screwdriver Market Outlook, By Automobile (2021-2030) ($MN)
37 North America Industrial Corded Electric Screwdriver Market Outlook, By Aerospace (2021-2030) ($MN)
38 North America Industrial Corded Electric Screwdriver Market Outlook, By Electronics (2021-2030) ($MN)
39 North America Industrial Corded Electric Screwdriver Market Outlook, By General Manufacturing (2021-2030) ($MN)
40 North America Industrial Corded Electric Screwdriver Market Outlook, By Other End Users (2021-2030) ($MN)
41 Europe Industrial Corded Electric Screwdriver Market Outlook, By Country (2021-2030) ($MN)
42 Europe Industrial Corded Electric Screwdriver Market Outlook, By Type (2021-2030) ($MN)
43 Europe Industrial Corded Electric Screwdriver Market Outlook, By Tensor SL (2021-2030) ($MN)
44 Europe Industrial Corded Electric Screwdriver Market Outlook, By Tensor SR (2021-2030) ($MN)
45 Europe Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Verification (ETV) (2021-2030) ($MN)
46 Europe Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Control (ETD) (2021-2030) ($MN)
47 Europe Industrial Corded Electric Screwdriver Market Outlook, By Micro Torque Electric Screwdriver (2021-2030) ($MN)
48 Europe Industrial Corded Electric Screwdriver Market Outlook, By EBL Screwdriver (2021-2030) ($MN)
49 Europe Industrial Corded Electric Screwdriver Market Outlook, By Other Types (2021-2030) ($MN)
50 Europe Industrial Corded Electric Screwdriver Market Outlook, By Application (2021-2030) ($MN)
51 Europe Industrial Corded Electric Screwdriver Market Outlook, By Consumer Goods (2021-2030) ($MN)
52 Europe Industrial Corded Electric Screwdriver Market Outlook, By Sensitive Electronics (2021-2030) ($MN)
53 Europe Industrial Corded Electric Screwdriver Market Outlook, By Other Applications (2021-2030) ($MN)
54 Europe Industrial Corded Electric Screwdriver Market Outlook, By End User (2021-2030) ($MN)
55 Europe Industrial Corded Electric Screwdriver Market Outlook, By Introduction (2021-2030) ($MN)
56 Europe Industrial Corded Electric Screwdriver Market Outlook, By Automobile (2021-2030) ($MN)
57 Europe Industrial Corded Electric Screwdriver Market Outlook, By Aerospace (2021-2030) ($MN)
58 Europe Industrial Corded Electric Screwdriver Market Outlook, By Electronics (2021-2030) ($MN)
59 Europe Industrial Corded Electric Screwdriver Market Outlook, By General Manufacturing (2021-2030) ($MN)
60 Europe Industrial Corded Electric Screwdriver Market Outlook, By Other End Users (2021-2030) ($MN)
61 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Type (2021-2030) ($MN)
63 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Tensor SL (2021-2030) ($MN)
64 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Tensor SR (2021-2030) ($MN)
65 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Verification (ETV) (2021-2030) ($MN)
66 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Control (ETD) (2021-2030) ($MN)
67 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Micro Torque Electric Screwdriver (2021-2030) ($MN)
68 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By EBL Screwdriver (2021-2030) ($MN)
69 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Other Types (2021-2030) ($MN)
70 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Application (2021-2030) ($MN)
71 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Consumer Goods (2021-2030) ($MN)
72 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Sensitive Electronics (2021-2030) ($MN)
73 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Other Applications (2021-2030) ($MN)
74 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By End User (2021-2030) ($MN)
75 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Introduction (2021-2030) ($MN)
76 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Automobile (2021-2030) ($MN)
77 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Aerospace (2021-2030) ($MN)
78 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Electronics (2021-2030) ($MN)
79 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By General Manufacturing (2021-2030) ($MN)
80 Asia Pacific Industrial Corded Electric Screwdriver Market Outlook, By Other End Users (2021-2030) ($MN)
81 South America Industrial Corded Electric Screwdriver Market Outlook, By Country (2021-2030) ($MN)
82 South America Industrial Corded Electric Screwdriver Market Outlook, By Type (2021-2030) ($MN)
83 South America Industrial Corded Electric Screwdriver Market Outlook, By Tensor SL (2021-2030) ($MN)
84 South America Industrial Corded Electric Screwdriver Market Outlook, By Tensor SR (2021-2030) ($MN)
85 South America Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Verification (ETV) (2021-2030) ($MN)
86 South America Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Control (ETD) (2021-2030) ($MN)
87 South America Industrial Corded Electric Screwdriver Market Outlook, By Micro Torque Electric Screwdriver (2021-2030) ($MN)
88 South America Industrial Corded Electric Screwdriver Market Outlook, By EBL Screwdriver (2021-2030) ($MN)
89 South America Industrial Corded Electric Screwdriver Market Outlook, By Other Types (2021-2030) ($MN)
90 South America Industrial Corded Electric Screwdriver Market Outlook, By Application (2021-2030) ($MN)
91 South America Industrial Corded Electric Screwdriver Market Outlook, By Consumer Goods (2021-2030) ($MN)
92 South America Industrial Corded Electric Screwdriver Market Outlook, By Sensitive Electronics (2021-2030) ($MN)
93 South America Industrial Corded Electric Screwdriver Market Outlook, By Other Applications (2021-2030) ($MN)
94 South America Industrial Corded Electric Screwdriver Market Outlook, By End User (2021-2030) ($MN)
95 South America Industrial Corded Electric Screwdriver Market Outlook, By Introduction (2021-2030) ($MN)
96 South America Industrial Corded Electric Screwdriver Market Outlook, By Automobile (2021-2030) ($MN)
97 South America Industrial Corded Electric Screwdriver Market Outlook, By Aerospace (2021-2030) ($MN)
98 South America Industrial Corded Electric Screwdriver Market Outlook, By Electronics (2021-2030) ($MN)
99 South America Industrial Corded Electric Screwdriver Market Outlook, By General Manufacturing (2021-2030) ($MN)
100 South America Industrial Corded Electric Screwdriver Market Outlook, By Other End Users (2021-2030) ($MN)
101 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Type (2021-2030) ($MN)
103 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Tensor SL (2021-2030) ($MN)
104 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Tensor SR (2021-2030) ($MN)
105 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Verification (ETV) (2021-2030) ($MN)
106 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Electric Torque Control (ETD) (2021-2030) ($MN)
107 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Micro Torque Electric Screwdriver (2021-2030) ($MN)
108 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By EBL Screwdriver (2021-2030) ($MN)
109 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Other Types (2021-2030) ($MN)
110 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Application (2021-2030) ($MN)
111 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Consumer Goods (2021-2030) ($MN)
112 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Sensitive Electronics (2021-2030) ($MN)
113 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Other Applications (2021-2030) ($MN)
114 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By End User (2021-2030) ($MN)
115 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Introduction (2021-2030) ($MN)
116 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Automobile (2021-2030) ($MN)
117 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Aerospace (2021-2030) ($MN)
118 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Electronics (2021-2030) ($MN)
119 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By General Manufacturing (2021-2030) ($MN)
120 Middle East & Africa Industrial Corded Electric Screwdriver Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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