The global Assembly Fastening Tool Market, valued at USD 3 billion in 2020, is expected to reach USD 4.8 billion by 2031, growing at a CAGR of 4.4%.
Key drivers include advancements in industrial automation, precision engineering, and ergonomic manufacturing practices.
Essential tools such as torque wrenches, screwdrivers, rivet guns, and nut runners are widely used across automotive, aerospace, electronics, construction, and heavy machinery sectors. Increasing emphasis on operational efficiency, worker safety, and product quality is accelerating the adoption of both manual and automated fastening solutions.
Growth is propelled by rising production activities, especially in automotive and electronics, alongside a shift toward energy-efficient and battery-powered fastening tools in various industrial applications.
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