Nut Runner Market
Nut Runner Market Study by Battery Powered and Electric for Automotive, Aerospace, Marine, Electronics, and Medical Off-Road Equipment From 2024 to 2034
Analysis of Nut Runner Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Nut Runner Market Outlook (2024 to 2034)
According to the new market research report by Fact.MR, the global nut runner market is analyzed to touch US$ 957.14 million in 2024. Sales are evaluated to rise at 4.4% CAGR to reach a valuation of US$ 1.47 billion by the end of 2034.
Nut runners are essential components in assembly lines, especially in the fabrication of electronics, automobiles, and airplanes, as industries increasingly use automation to increase productivity. By guaranteeing quick, accurate, and repeatable nut and bolt fastening, these instruments increase productivity and lower human error while streamlining production.
High degrees of precision are necessary in the manufacturing processes of industries, such as electronics, automotive, aerospace, and others. By providing precise torque control, nut runners guarantee that bolts and nuts are attached following the right requirements. In complicated assemblies, this degree of accuracy is essential for quality control, safety, and longevity.
The automotive and aerospace & defense sectors are playing a crucial role in driving the market growth for nut runners. The need for automated fastening equipment is growing as the manufacturing of smart cars, electric vehicles (EVs), and advanced airplanes is continuously rising. In these industries, nut runners are important for safely installing parts, including engines, frames, and interiors.
North America is projected to lead with 32.4% of the worldwide market share in 2024. Well-established sectors of the regions, such as automotive, aerospace, and electronics rely significantly on automated fastening systems for accuracy and efficiency, due to this the demand for nut runners increasing. North America is a prominent player in the market due to its advanced production skills, strong emphasis on automation, and smart manufacturing technology.
Based on type, the demand for single head nut runners is approximated to reach US$ 743.29 million by 2034 as they are gaining popularity in industrial settings because of their affordability, ease of use, and efficacy. These instruments are widely utilized in assembly lines for the quick and accurate riveting of nuts and bolts, especially in the construction, automotive, and electronics sectors.
| Report Attribute | Detail |
|---|---|
| Nut Runner Market Size (2024E) | US$ 957.14 Million |
| Forecasted Market Value (2034F) | US$ 1.47 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.4% CAGR |
| North America Market Share (2024E) | 32.4% |
| East Asia Market Value (2024E) | US$ 240.84 Million |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 6.6% CAGR |
| Single Head Nut Runner Segment Value (2034F) | US$ 743.29 Million |
| Battery Powered Nut Runner Segment Value (2034F) | US$ 833.01 Million |
| Key Companies Profiled | Robert Bosch GmbH; AIMCO; Armstrong Tools; Atlas Copco Industrial Technique; Desoutter Industrial Tools; STANLEY Engineered Fastening; Alki TECHNIK GmbH; Estic Corporation; Dino Paoli Srl; FEC Automation Systems; Rami Yokota B.V. |
Growth in the automotive sector has led to the higher adoption of equipment such as nut runners, which tighten screws and bolts in crucial situations. Nut runners are generally more compact, convenient, accurate, and easy to use, and reduce the overall operation time as compared to nut drivers.
Nut runners are expected to emerge as important equipment shortly across various applications. Different types of nut runners are available depending on the type, including single-head nut runners, double-headed nut runners, and micro nut runners.
More recently, electrical nut runners and battery-powered nut runners have been perceived to heave the demand from automotive, aerospace, marine, and electronic applications. Nut runners are projected to hold a dominant share in the automotive industry as they allow the operator to measure the torque applied to the fastener so it is matched to the specifications of a particular application.
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Global Nut Runner Market: Dynamics
Drivers:
Ever growing end-use industries such as automotive, electronics, aerospace, marine, and pharmaceutical, both in developing and developed economies, are expected to be the prime reason driving the growth of the global nut runner market over the forecast period.
Moreover, increasing automation is also anticipated to give traction to the growth of the nut runner market in the coming decade. Furthermore, battery-operated and electrical nut runners reduce the overall operational time, which is also expected to contribute to the growth of the global nut runner market over the forecast period.
Restraints:
A nut runner generally requires maintenance at regular intervals of time, which is expected to hamper the growth of the nut runner market over the forecast period. Moreover, nut runners require skilled labor, which is anticipated to act as a restraining factor to the growth of the market.
Trends:
A major trend expected five years down the line involves market leaders, both dedicated manufacturers & OEMs, focusing on research and development (R&D) activities to develop new and innovative products and maintain leadership in the market. Robert Bosch GmbH has developed a Nexo cordless Wi-Fi nut runner, which has a complete control unit on the nut runner.
Global Nut Runner Market: Regional Outlook
The global nut runner market is segmented into the following regions – North America, Western Europe, Eastern Europe, Latin America, South East Asia-Pacific, China, Japan, India, and the Middle East and Africa. The Asia Pacific is expected to be closely followed by North America throughout the forecast period.
Both of these markets are expected to witness massive growth in the nut runner market due to the estimated growth in the automotive sector in emerging economies, such as the United States, China, and India. Western Europe is estimated to grow at a substantial CAGR during the forecast period, owing to the high demand for nut runners in the growing automotive sector in the region.
Germany is expected to be the leading automotive and automobile market in Western Europe. Latin America is expected to grow at a considerable CAGR during the forecast period, owing to the growth of end-use industries in the region.
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Global Nut Runner Market: Market Participants
Examples of some of the market participants identified across the value chain of the global nut runner market include,
- Robert Bosch GmbH
- AIMCO
- Armstrong Tools
- Atlas Copco Industrial Technique
- Desoutter Industrial Tools
- STANLEY Engineered Fastening
- Alki TECHNIK GmbH
- Estic Corporation
- Dino Paoli Srl
- FEC Automation Systems
- Rami Yokota B.V.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, applications, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Regional analysis includes:
- North America (United States, Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of several market factors on market segments and geographies.
Report Highlights:
Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of Nut Runner Market Research
-
By Type :
- Single Head
- Double Headed
- Micro
-
By Product Type :
- Battery Powered
- Electric
-
By Application :
- Automotive
- Aerospace
- Marine
- Electronics
- Medical
- Off-Road Equipment
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 6.2. Product Type
- 6.3. Application
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Single Head Nut Runner
- 7.2. Double Headed Nut Runner
- 7.3. Micro Nut Runner
- 8. Global Market Analysis and Forecast, By Product Type
- 8.1. Battery Powered Nut Runner
- 8.2. Electric Nut Runner
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Automotive
- 9.2. Aerospace
- 9.3. Marine
- 9.4. Electronics
- 9.5. Medical
- 9.6. Off-Road Equipment
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Type, Product Type, and Application for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Robert Bosch GmbH
- 20.2. AIMCO
- 20.3. Armstrong Tools
- 20.4. Atlas Copco Industrial Technique
- 20.5. Desoutter Industrial Tools
- 20.6. STANLEY Engineered Fastening
- 20.7. Alki TECHNIK GmbH
- 20.8. Estic Corporation
- 20.9. Dino Paoli Srl
- 20.10. FEC Automation Systems
- 20.11. Rami Yokota B.V.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Type
Table 3: Global Market US$ Mn Forecast by Product Type
Table 4: Global Market US$ Mn Forecast by Application
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Type
Table 7: North America Market US$ Mn Forecast by Product Type
Table 8: North America Market US$ Mn Forecast by Application
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Type
Table 11: Latin America Market US$ Mn Forecast by Product Type
Table 12: Latin America Market US$ Mn Forecast by Application
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Type
Table 15: Western Europe Market US$ Mn Forecast by Product Type
Table 16: Western Europe Market US$ Mn Forecast by Application
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Type
Table 19: Eastern Europe Market US$ Mn Forecast by Product Type
Table 20: Eastern Europe Market US$ Mn Forecast by Application
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Type
Table 23: East Asia Market US$ Mn Forecast by Product Type
Table 24: East Asia Market US$ Mn Forecast by Application
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 28: South Asia & Pacific Market US$ Mn Forecast by Application
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Type
Table 31: MEA Market US$ Mn Forecast by Product Type
Table 32: MEA Market US$ Mn Forecast by Application
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the key factors driving the growth of the nut runner market?
Growing end-use industries, such as automotive and electronics are driving market expansion.
Who are the key players in the nut runner market?
Robert Bosch GmbH, AIMCO, Armstrong Tools, Atlas Copco Industrial Techniques, and Desoutter Industrial Tools are key companies.
Nut Runner Market