Nutrunner Market: By Product Type (Electric Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner), By End User (Residential Applications, Construction Application, Automotive Application, and Others) and Geography  

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Nutrunner Market size was valued at USD 827.4 million in 2022 and is poised to grow at a significant CAGR of 4.4% over 2023 - 2029. A nutrunner also known as a pneumatic torque wrench is a kind of industrial torque wrench that is used to tighten nuts, bolts, and screws in a difficult situation where manual tightening is not possible. Nutrunners are capable of applying a defined level of torque to a bolt which is better than standard wrenches. Nutrunners have various applications in heavy construction industries, the automobile industry, and residential applications where the tightness of a bolt or a nut needs to meet certain parameters.

Nutrunners are safe to use especially for jobs involving flammable liquids, gases, and chemicals. The growing construction sector is the major driver in the global nutrunner market growth. For instance, according to US Census, the construction industry spent $1,777.3 billion during July 2022 in the USA and is expected to increase the amount in the upcoming years. Furthermore, the manufacturing industry is also growing at a faster rate especially the automobile industry due to increasing per capita income, growing population, urbanization, and developing economies in emerging countries which indirectly boost the global nutrunner market growth. The need for efficient and cost-effective tools for the manufacturing, and construction industry is influencing the adoption rate of the nutrunner machine. Based on type, the nutrunner market can be segmented into electric nutrunner, pneumatic nutrunner, and hydraulic nutrunner. Pneumatic nutrunner is holding the major nutrunner market share. However, the initial high cost may hamper the global nutrunner market growth in the forecasted years. Geographically, North America held the major nutrunner market share in 2021 and is expected to dominate the overall global nutrunner market in the upcoming years due to the growing construction industry.

Nutrunner Market Key Developments:
  • In Sept 2020, Atlas Copco took the factory to launch a new range of cordless smart battery nutrunners.

Nutrunner Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.4%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Nutrunner Market Dynamics

The rapid expansion of the automotive sector is the major driver in the global nutrunner market. The increasing manufacturing of automobiles is boosting the global market growth. The nutrunner is often used in manufacturing vehicles during the assembly and final stages. For instance, according to US car sales statistics, around 17 million auto retail vehicles are sold each year, which breaks down to around 46,575 passenger cars, light trucks, and SUVs sold every day. Hence, the increase in the manufacturing of automobiles will generate enormous demand for nutrunners and is anticipated to boost the growth of the nutrunner market.

Nutrunner Market Segmentation

By Product Type
  • Electric Nutrunner
  • Pneumatic Nutrunner
  • Hydraulic Nutrunner
By End User
  • Residential Applications
  • Construction Application
  • Automotive Application
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The nutrunner market is projected to expand at a CAGR of 4.4% during the forecast period

Aimco Global, Atlas Copco AB, Bosch Rexroth AG, Dai-Ichi Dentsu Ltd., Estic Corporation, Ingersoll, Rand Inc., ITH bolting Technology, Maschinenfabrik Wagner GmbH & Co.AG, Sanyo Machine Works, Stanley Engineered Fastening  

Asia Pacific is the fastest-growing region for nutrunner market

Key Features of the Reports

  • The nutrunner market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Nutrunner Market Introduction
2.1. Global Nutrunner Market Taxonomy
2.2. Global Nutrunner Market Definitions
2.2.1. By Product Type
2.2.2. By End User
2.2.3. By Region
3. Global Nutrunner Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Nutrunner Market Dynamic Factors - Impact Analysis
3.6. Global Nutrunner Market Competition Landscape
3.7. Epidemiology
4. Global Nutrunner Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Nutrunner Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Electric Nutrunner
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Pneumatic Nutrunner
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Hydraulic Nutrunner
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Nutrunner Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Residential Applications
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Construction Application
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Automotive Application
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Nutrunner Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Nutrunner Market - Opportunity Analysis Index, By Product Type, By End User, and Region, 2023 - 2029
8. North America Nutrunner Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Electric Nutrunner
8.1.2. Pneumatic Nutrunner
8.1.3. Hydraulic Nutrunner
8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Residential Applications
8.2.2. Construction Application
8.2.3. Automotive Application
8.2.4. Others
8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Nutrunner Market - Opportunity Analysis Index, By Product Type, By End User, and Country, 2023 - 2029
8.5. North America Nutrunner Market Dynamics – Trends
9. Europe Nutrunner Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Electric Nutrunner
9.1.2. Pneumatic Nutrunner
9.1.3. Hydraulic Nutrunner
9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Residential Applications
9.2.2. Construction Application
9.2.3. Automotive Application
9.2.4. Others
9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Rest of Europe
9.4. Europe Nutrunner Market - Opportunity Analysis Index, By Product Type, By End User, and Country, 2023 - 2029
9.5. Europe Nutrunner Market Dynamics – Trends
10. Asia-Pacific Nutrunner Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Electric Nutrunner
10.1.2. Pneumatic Nutrunner
10.1.3. Hydraulic Nutrunner
10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Residential Applications
10.2.2. Construction Application
10.2.3. Automotive Application
10.2.4. Others
10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Nutrunner Market - Opportunity Analysis Index, By Product Type, By End User, and Country, 2023 - 2029
10.5. Asia-Pacific Nutrunner Market Dynamics – Trends
11. Latin America Nutrunner Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Electric Nutrunner
11.1.2. Pneumatic Nutrunner
11.1.3. Hydraulic Nutrunner
11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Residential Applications
11.2.2. Construction Application
11.2.3. Automotive Application
11.2.4. Others
11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Latin America Nutrunner Market - Opportunity Analysis Index, By Product Type, By End User, and Country, 2023 - 2029
11.5. Latin America Nutrunner Market Dynamics – Trends
12. Middle East and Africa Nutrunner Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Electric Nutrunner
12.1.2. Pneumatic Nutrunner
12.1.3. Hydraulic Nutrunner
12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Residential Applications
12.2.2. Construction Application
12.2.3. Automotive Application
12.2.4. Others
12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. South Africa
12.3.3. Rest of MEA
12.4. MEA Nutrunner Market - Opportunity Analysis Index, By Product Type, By End User, and Country, 2023 - 2029
12.5. MEA Nutrunner Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Aimco Global
13.2.2. Atlas Copco AB
13.2.3. Bosch Rexroth AG
13.2.4. Dai-Ichi Dentsu Ltd.
13.2.5. Estic Corporation
13.2.6. Ingersoll
13.2.7. Rand Inc.
13.2.8. ITH bolting Technology
13.2.9. Maschinenfabrik Wagner GmbH & Co.AG
13.2.10. Sanyo Machine Works
13.2.11. Stanley Engineered Fastening
14. Research Methodology
15. Key Assumptions and Acronyms
  • Aimco Global
  • Atlas Copco AB
  • Bosch Rexroth AG
  • Dai-Ichi Dentsu Ltd.
  • Estic Corporation
  • Ingersoll
  • Rand Inc.
  • ITH bolting Technology
  • Maschinenfabrik Wagner GmbH & Co.AG
  • Sanyo Machine Works
  • Stanley Engineered Fastening

Adjacent Markets