Industrial corded electric screwdriver, also known as electric screwdriver or electric screwdriver, is an electric tool used for tightening and loosening screws, widely used in the industrial and home fields. It is equipped with a mechanism for adjusting and limiting torque, mainly composed of three parts: electronics, motor, and machinery. It has the advantages of high precision and fast efficiency, and has become an indispensable tool in the assembly industry. ‌

Industrial corded electric screwdriver s can be divided into two categories: fully automatic and semi-automatic. Fully automatic screwdrivers can automatically brake and stop after reaching the set torque, while semi-automatic screwdrivers require manual control to stop. In addition, according to the different power sources used, it can also be divided into DC screwdrivers and AC screwdrivers. ‌

Overview of Market Development

In recent years, the global industrial corded electric screwdriver market has steadily grown, mainly due to its widespread application in multiple fields and significant advantages over traditional manual screwdrivers. According to research data from Bezos, the global market size of industrial corded electric screwdriver s is estimated to be $455 million in 2024, an increase of 1.56% compared to 2023. It is expected that in the coming years, with the rapid development of downstream industries such as automobiles and aviation, the market will continue to improve. By 2029, the global market size of industrial corded electric screwdrivers is expected to increase to $631 million. The estimated CAGR for 2024-2029 is 6.76%.

Segmented Market Analysis

From the perspective of product types, the mainstream product types in the global industrial corded electric screwdriver market currently include screwdrivers without data storage function and screwdrivers with data storage function. Among them, screwdrivers without data storage functions dominate the market, with an expected market share of 75.61% by 2024.

From the perspective of downstream application patterns, industrial corded electric screwdrivers are widely used in various fields such as automotive, aerospace, home appliances, and electronic consumer products. Among them, the automotive industry is the largest downstream application market, with an estimated application share of 36.21% in 2024.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global industrial corded electric screwdriver market is relatively low. Data shows that in 2023, the output value of industrial corded electric screwdrivers from the top 3 companies was $123.38 million, with a total output value share of 27.54%. The top three companies were Bosch Production Tools, HiKOKI, and Stanley Black&Decker, Inc. In 2023, these three companies' industrial corded electric screwdrivers accounted for 9.62%, 9.28%, and 8.64% of the global market share, respectively.

Companies	Output Value (Million USD)	Share
Bosch Production Tools	43.10	9.62%
HiKOKI	41.57	9.28%
Stanley Black & Decker, Inc	38.71	8.64%
Top3 Companies	123..38	27.54%