Fixtured Electric Nutrunner Market

Numerous factors, including stringent pollution controls and a growing demand for electric cars worldwide, are driving the market for stationary electric nut runners. The fixtured electric nutrunner market is expanding as a result of rising demand from the Asia Pacific region. In developing economies, rapid industrialization and urbanisation are other major factors promoting market expansion. 

Fixed electric nutrunners are widely used throughout a range of sectors, including the production of machinery, transportation, and automobiles. These factors are estimated to drive the fixtured electric nutrunner market's rise on a global basis throughout the course of the approximated period.

The market for fixtured electric nutrunners is required mostly because of benefits such as improved precision and repeatability, cheaper installed costs, and simplicity of usage. Additionally, the market for Fixtured electric nutrunners is necessary because of the world's strict emission standards.

Fixtured electric nutrunners have a number of benefits, including greater accuracy and repeatability, a reduced cost of installation, and simplicity of usage. Fixtured electric nutrunners also have a number of benefits over traditional mechanical torque wrenches/tools, including greater precision and repeatability, fewer installation costs, and simplicity of usage.

Electric nutrunners with fixtures are devices used to tighten or loosen the nuts or bolts on a specific application. Numerous industries, including automotive, transportation, machinery manufacture, and others, employ these tools extensively.

The market for fixtured electric nutrunners is anticipated to increase at a CAGR of 5.2% from 2021 to 2031, from USD 1.02 billion to USD 1.31 billion.

One of the major problems limiting the growth of the market for fixed electric nutrunners is the high initial cost. It is anticipated that a certain degree of market growth will be constrained by the scarcity of competent workers. Setting up an automated assembly line with fixtured electric nutrunners requires a large initial expenditure. The adoption of fixtured electric nutrunners is predicted to result in long-term cost benefits, which should more than outweigh the hefty initial outlay.

Some of the major businesses operating in the Fixtured Electric Nutrunner Market include Atlas Copco AB (Sweden), Ingersoll Rand plc (Ireland), Snap-on Incorporated (US), Stanley Black & Decker, Inc. (US), Danaher Corporation (US), Apex Tool Group LLC (US), Desoutter Industrial Tools (France), KOKI Holdings Co., Ltd. (Japan), and others.

Segment Analysis 

The Pistol Fixtured Electric Nutrunner Type to Emerge as the Most Lucrative Segment

There are three different kinds of fixtured electric nutrunners available on the market: pistol, angle, and straight. During the projection period, it is expected that the market for pistol-fixtured electric nutrunners would expand at the greatest CAGR. Due to their tiny size and lightweight, electric nutrunners with pistol fixtures are ideal for usage in cramped areas. The market for angle-fixtured electric nutrunners is anticipated to expand at the second-highest CAGR over the anticipated time frame. Angle-fixtured electric nutrunners are utilised in many different industries, such as the manufacturing of machinery and automobiles, for applications needing high torque output.

The Most Popular Application Segment in Automotive

Automotive, transportation, machinery production, and other industries are some of the major users of the fixtured electric nutrunners market. The greatest global market for fixed electric nutrunners is the automotive sector. Due to the rising demand for electric vehicles and the requirement for precise and efficient component assembly in the automotive industry, the market for fixtured electric nutrunners is anticipated to expand at a substantial rate over the course of the projected period. The use of fixtured electric nutrunners is significant in the transportation sector. The market for fixtured electric nutrunners is expected to grow during the course of the forecast period as a consequence of increased demand from the railroad and aviation industries.

The Asia Pacific (APAC) region to render Adequate Financing Avenues

The biggest markets for fixtured electric nutrunners are found in the Asia Pacific, followed by North America and Europe. Due to rising demand from nations like China, India, and South Korea, the Asia Pacific region is predicted to develop at the greatest CAGR over the course of the projected decade. North America is anticipated to experience moderate CAGR growth during the projection period. The presence of major fixed electric nutrunner makers like Danaher Corporation and Atlas Copco in the region is expected to contribute significantly to the growth of the worldwide market. The European area is anticipated to expand at a moderate CAGR over the course of the projection period.

COVID-19 Impact and Market Status

The COVID-19 pandemic epidemic has caused a slowdown in the market for fixtured electric nutrunners. The COVID-19 pandemic has had a devastating effect on the automotive and industrial production industries, which make up a sizable share of the end markets for fixtured electric nutrunners. The pandemic has had a significant negative impact on the auto sector because of lockdown protocols and travel restrictions. The fall in car production and sales has had an effect on the market for fixtured electric nutrunners. Due to lockdown measures, some sites in the machinery manufacturing industry have been forced to close, which has had an impact on the industry as a whole. As a result, this company uses fixtured electric nutrunners less frequently. However, it is projected that the market would rebound in the future years as a result of the anticipated recovery of the sectors producing automobiles and machines.

Latest Innovations in the Global Fixtured Electric Nutrunner Market: A Snapshot

•        Atlas Copco introduced the new Nutrunner QEHS series in January 2019. The new series is built to deliver high repeatability and torque accuracy while reducing vibration and noise levels.
•        Ingersoll Rand introduced the new QX Series of fixtured electric nutrunners in October 2019. The new series is intended to offer better ergonomics and productivity.
•        Atlas Copco introduced its new Pneumatic Fixtured Electric Nutrunner Series in March 2020. The new series is intended for situations with restricted space.
 

Fixtured Electric Nutrunner Market Scope

Key Segment of Global Fixtured Electric Nutrunner Market

By Type Overview 2021-2031, (USD Billion)
            •        Pistol Fixtured Electric Nutrunner
            •        Angle Fixtured Electric Nutrunner
            •        Straight Fixtured Electric Nutrunner
By Application Overview 2021-2031, (USD Billion)
            •        Transportation 
            •        Machinery Manufacturing 
            •        Automobile Industry 
            •        Others 
By Region Overview 2021-2031, (USD Billion)
North America 
            •        USA 
            •        Canada 
Asia Pacific
            •        China 
            •        India 
            •        Japan 
            •        Rest of Asia Pacific 
South America 
            •        Mexico 
            •        Brazil 
            •        Rest of North America 
Europe 
            •        Germany 
            •        France 
            •        UK 
            •        Rest of Europe 
Middle East and Africa