Global Nutrunner Market Predicted to Hit $1,180.2 Million, Growing at 4.2% CAGR from 2021 to 2028 [175-Pages] | Exclusive Report by Research Dive

The global nutrunner market is expected to garner $1,180.2 million by 2028, growing at a CAGR of 4.2% from 2021 to 2028. The report delivers comprehensive insights into the current condition and future prospective of the industry by meticulously examining market drivers and restraints, opportunities, major segments, and regions.

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Key Segment Findings of the Nutrunner Market:                    

The market is segmented based on type, end user, and region.

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Nutrunner Market Dynamics

The key factor fueling the growth of the global nutrunner market is a significant rise in the investments in manufacturing industries and automotive sectors due to promising government policies as well as schemes across the globe. In addition, increasing demand for heavy construction as well as earthmoving equipment in the construction sector for demolition, materials handling, and other construction activities is projected to open doors to innovative opportunities for the market growth in the projected period. However, high cost of nutrunners and presence of substitutes in the market are estimated to deter the market growth during the forecast period.

Impact of the COVID-19 Pandemic on the Nutrunner Market:

The COVID-19 pandemic has made a negative impact on the growth of the global nutrunner market in 2020. In the pandemic period, several manufacturing factories has witnessed a substantial deterioration, due to execution of strict lockdown and restrictions on transport activities and disruptions in supply chains. As a result, the demand for nutrunners has significantly plummeted. All these factors are hindering the market growth amidst the pandemic period. However, with relaxation the pandemic crisis, the manufacturing sector is expected to boost its production, which is likely to fuel the nutrunner market in the coming years.

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Top Players of the Global Nutrunner Market

The major players of the global nutrunner market are

Numerous business strategies, such as acquisitions, mergers, R&D activities, new product developments, and much more, are implemented by these players to attain a strong position in the global market. For instance, in September 2020, Atlas Copco, a world-leading provider of sustainable productivity solutions, launched smart battery nutrunner range for offering faster, safer, more affordable and traceable high torque bolt tightening for precarious applications in the energy sector. This launch has strengthen the position of the Atlas Copco in the global nutrunner market. – Buy the Full report here

Moreover, the report offers other key details such as business tactics, financial performance, and product/service range of the leading players along with Porter's five forces analysis and SWOT analysis.

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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