Screwdriver Market is Expected To Grow At The Highest CAGR During The Forecast Period 2020 - 2030
Screwdriver: Introduction Screwdriver is an electrical or manual tool used for installing and removing screws. Majority of screwdrivers have a handle and shaft. Key Drivers of the Global Screwdriver Market Increasing requirement for screwdrivers in the consumer electronics industry is driving the market growth owing to the fact that the consumer electronics industry is expanding at a fast pace over the past few years. Increase in demand for electronic products from commercial and household segments coupled with easier access to credit is driving the demand for products such as screwdrivers. Screwdrivers are easy to manufacture. Large number of small and medium scale screwdriver manufacturers in developing countries are expected to improve the outlook for the screwdriver market in the near future. Rising Demand for Electric Screwdrivers to Create New Market Opportunities Technological innovation in the electric screwdriver industry is expected to create huge market opportunit...