LONDON--(BUSINESS WIRE)--The global electric screw gun market is expected to post a CAGR of close to 5% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report
One of the key factors driving the growth of the global electric screw gun market is the rise of the housing industry. With the rising urbanization, changing lifestyles, population explosion, and technological advances, the growth in the housing market has been constant. As a result, investments are increasing in building new homes and renovating old ones, which is contributing to the expansion of the housing sector. This growth is indicative of the rising sales of power tools, including electric screw guns, for construction activities.
To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30444
As per Technavio, the rising demand for cordless electric screw guns will have a positive impact on the market growth over the forecast period. This research report also analyzes other important trends and market drivers that will influence market growth over 2019-2023.
Global Electric Screw Gun Market: Rising Demand for Cordless Electric Screw Guns
The rising demand for cordless electric screw guns is considered as one of the critical trends in the global market. The need for quicker, mobile, and convenient power tools solutions is leading to high sales of electric screw guns. A cordless electric screw gun is lightweight. Moreover, unlike corded electric screw guns, the cordless model is easily maneuverable. Most of the prominent manufacturers are coming up with cordless screw guns by incorporating efficient and lightweight lithium batteries. This trend is expected to be noted across regions over the forecast period. Furthermore, this trend also indicates that the demand for corded screw guns is declining.
“Apart from the rising demand for cordless electric screw guns, the ease of use and increasing labor costs, coupled with the upsurge in organized retail, are other crucial factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 10,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Global Electric Screw Gun Market: Segmentation Analysis
This market research report segments the global electric screw gun market by product (cordless and corded) and geographical regions (the Americas, APAC, and EMEA).
The Americas led the market in 2018, followed by APAC and EMEA. During the forecast period, the Americas is expected to maintain its dominance over the global market. This is due to the rapid growth of the housing industry in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
