According to ASSEMBLY’s annual Capital Equipment Spending Survey, sales of fastening tools should increase in 2024. Some 38 percent of assemblers will purchase DC electric nutrunners, pneumatic screwdrivers, cordless rivet setters and other tools this year, about the same percentage as in 2023. Demand will be particularly strong in the medical device, electrical equipment, and electronics industries.
All totaled, assemblers will spend $264.8 million on fastening tools next year, up 13 percent from 2023 sales. Here’s a look at four new fastening tools.