Nutrunner Market size was valued at US$ 827.4 million in 2023 and is poised to grow at a significant CAGR of 4.4% from 2024-2030. 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 the 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 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 market can be segmented into electric nutrunner, pneumatic nutrunner, and hydraulic nutrunner. Pneumatic nutrunner is holding the major share. However, the initial high cost may hamper the market growth in the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
4.4%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The rapid expansion of the automotive sector is the major driver the 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
Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The nutrunner market in the Asia Pacific is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly due to the growing construction sector and increasing manufacturing of automobiles. The Europe region held a significant market share in 2021 and is anticipated to maintain the trend in the upcoming years due to the increasing number of vehicles.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 827.4 million |
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Market CAGR |
4.4% |
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By Product Type |
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By End User |
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By Region |
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The global nutrunner market size was valued at US$ 827.4 million in 2023 and is projected to grow at a significant CAGR of 4.4% from 2024-2030.
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
| 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, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Electric Nutrunner |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Residential Applications |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2024 - 2030 |
| 8. North America Nutrunner Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 8.5. North America Nutrunner Market Dynamics – Trends |
| 9. Europe Nutrunner Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 9.5. Europe Nutrunner Market Dynamics – Trends |
| 10. Asia-Pacific Nutrunner Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 10.5. Asia-Pacific Nutrunner Market Dynamics – Trends |
| 11. Latin America Nutrunner Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 11.5. Latin America Nutrunner Market Dynamics – Trends |
| 12. Middle East and Africa Nutrunner Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 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 |
Key Market Players
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