Global Electric Screwdrivers Market - Focused Insights 2025-2030

GLOBAL ELECTRIC SCREWDRIVER MARKET SIZE

The global electric screwdriver market was valued at USD 1.11 billion in 2024 and is expected to reach USD 1.52 billion by 2030, growing at a 5.44% CAGR. Growth is driven by demand from the automotive industry, rising DIY and home improvement projects, construction growth, automation in manufacturing, technological advancements, the popularity of cordless screwdrivers, ergonomic designs, and increased use in woodworking. Smart screwdrivers with features like digital displays, connectivity, and torque control are also gaining popularity.

GLOBAL ELECTRIC SCREWDRIVER MARKET TRENDS & DRIVERS

Rising Demand for Cordless Screwdrivers

Cordless screwdrivers are gaining popularity due to their ease of use, safety, convenience, and portability. Advanced features and improved lithium-ion batteries have extended runtime and reduced charging time. Companies like Makita are leveraging battery technology to enhance their electric screwdrivers.

Rise in DIY & Home Improvement Activities

DIY and home improvement projects are increasing in developed economies due to rising home renovation demand, social media influence, and post-pandemic trends. During COVID-19, repair, maintenance, and gardening activities surged, especially in Europe and the US.

DIY projects save time, boost efficiency, and address labor shortages and rising costs, driving demand for personal electric screwdrivers. Advanced features like adjustable torque, LED lights, and long-lasting batteries appeal to tech-savvy homeowners.

GLOBAL ELECTRIC SCREWDRIVER MARKET INSIGHTS

• By Product: In 2024, the cordless electric screwdriver segment holds the largest global electric screwdrivers market share due to its convenience and portability. Powered by rechargeable batteries, these tools allow users to work freely without cords. Modern cordless screwdrivers feature torque sensors, LED lights, and smart connectivity, improving precision and user experience. Growing construction activities and rising demand for home repairs are driving adoption, especially among professionals. Construction companies prefer electric tools for their ease of use and efficiency, further boosting demand for cordless screwdrivers.
• By Project: The DIY segment is growing rapidly, with a 6.58% CAGR during the forecast period. Key drivers include personalization, cost savings, and technology advancements. DIY projects let homeowners customize spaces and express creativity, while online tutorials boost confidence in using electric screwdrivers. DIY tools are easy to use, affordable, and versatile, commonly used for crafting, home repairs, furniture assembly, and renovations. Cost savings from DIY projects reduce the need for professional services. As more professionals and seniors spend time at home, interest in DIY activities is rising, driving demand for electric screwdrivers.
• By End-User: The industrial segment holds the largest share of the global electric screwdriver market, serving sectors like automotive, assembly lines, large-scale manufacturing, electronics, and aerospace. These industries need high-performance, durable tools with advanced features and precise torque control. Demand is rising in the automotive sector as electric screwdrivers integrate with automated assembly lines and robotics. The electronics industry has also seen increased adoption.
• By Distribution Channel: The offline segment holds the largest global electric screwdrivers market share due to benefits like expert advice, after-sales support, and the ability to inspect products before purchase. Consumers prefer physical stores to ensure quality and reliability. Traditional retail stores remain key suppliers of electric screwdrivers for both residential and commercial use. The commercial sector is growing, driven by rising population demands. North America and Europe have a strong network of supermarkets, hypermarkets, and hardware stores, with their expansion further boosting demand for electric screwdrivers.

GLOBAL ELECTRIC SCREWDRIVER MARKET GEOGRAPHICAL ANALYSIS

North America leads the global electric screwdriver market, driven by growth in industrial, residential, and commercial sectors. Key factors include a strong industrial base, a thriving DIY culture, high home improvement demand, and advanced technology adoption. The region is home to major industries like automotive, construction, aerospace, electronics, and packaging, boosting demand for electric screwdrivers. DIY activities, especially in repair and home improvement, have increased post-pandemic, with millennials and baby boomers being the most active participants, further fueling market growth.

COMPETITIVE LANDSCAPE

The global electric screwdriver market report covers 31 vendors. The market is highly competitive, with established companies, niche players, and emerging brands. Vendors compete on product quality, features, reliability, design, and price. Leading companies offer a wide range of products and have a strong global presence. To stay ahead, major vendors invest in R&D, focusing on battery technology, smart features, brushless motors, and ergonomic designs. They also use multiple distribution channels to expand their customer base. Competition is expected to grow with more technological advancements, product expansions, and mergers and acquisitions.

NEW PRODUCT DEVELOPMENT

• In 2023, Robert Bosch Stiftung is continuously updating their existing cordless electric screwdrivers. They are focusing on offering improved battery, motor, and smart features in cordless electric screwdrivers. GSR 12V-30 Professional, GSR 12V-35 HX Professional, etc. are the updated versions of cordless electric screwdrivers. Its highly compact cordless screwdriver in the 12V class enables easy access to tight and narrow spaces.
• In 2020, Techtronic Industries Co. Ltd. Company’s one of the brands, RYOBI introduced the 4V Screwdriver. This tool is 45% more compact for greater access in tight spaces when compared to the previous model.